QI Value Add Income Trust No. 2
Property | Net Lettable Area | Purchase Price | Asset Weighting | Purchase Date |
---|---|---|---|---|
4 Hoskins Road, Landsdale | 1,956sqm | 32% | November 2022 | |
12 Hoskins Road, Landsdale | 5,216sqm | 68% | November 2022 | |
Total Value | 7,172sqm | $8,950,000 |
Role
Asset & Trustee Manager
Description
- Targeted average distribution to investors of 7.0% p.a. over the term of the Trust
- Target investor IRR of 11%+ per annum
- Purchase of two adjoining lots with three street frontages totalling 18,400sqm of land
- Acquisition heavily underpinned by land value with low site coverage
- Leased to a long-standing tenant who has occupied the site for close to 20-years
- Value-add strategy for lease renewal or re-lease at higher market rent reversion and/or partial redevelopment in the future
- Initial 4-year Trust term with investor option for extension
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