Oct 08 2018Add to Favorites
Investors via Balmain Private’s digital platform have rushed to a recently offered Trinity Point Drive investment, with the investment fully subscribed within 4 hours of being listed on the platform.
The investment forecasts a 9.15% annual return for a term of 18 months with a Loan to Value ratio (LVR) of 43%, with distributions paid monthly.
The $700 billion in Australian Self-Managed Superannuation Funds (SMSF) is increasingly limited for choice when it comes to property and real estate investment exposure. Major banks such as Westpac and Commonwealth Bank have recently announced lending restrictions to SMSF’s for property in the wake of the ongoing APRA lending restrictions and Royal Commission.
“124 investors took up the $6million syndicated offering at Trinity Point Drive at a minimum investment of $10,000’. Says Balmain’s Head of Distribution Tom Sherston. “We find this entry amount offers investors via the Balmain Private Platform opportunity to enjoy good diversification.”
“Once investors have opened an account on line via the on-line Balmain Private platform they are free to choose the range of high-quality investments on the platform, with frequent new investment deals loaded to the platform”.
The Trinity Point estate is a 190 lot residential subdivision encompassing 23 hectares located on Bluff Point in Morisset. Once fully complete, the master plan estate will comprise of a 188 berth marina (completed), 250 residential apartments, a 200 seat restaurant and bar, café and a 65 room 5 star hotel.
The estate has been developed over 10 stages, with Stages 1 - 4 completed and sold pre-GFC and Stages 5 - 10 progressively completed over the last 18 months.
The Borrower Group is one of the largest private residential land developers in NSW controlling 2,500 lots with government approval in varying stage of completion.
“We are confident in the long-term residential outlook in Australia based on growth and migration levels”.
CapitaLand Commercial Trust Management Limited, the Manager of CapitaLand Commercial Trust (CCT or Trust), is pleased to report distributable income of S$82.7 million for the quarter ended 31 March 2019 (1Q 2019), an uplift of 8.0% from 1Q 2018. Distribution per unit (DPU) was 2.20 cents, 3.8% higher than the 2.12 cents a year ago.
Residential developer Legacy Property is set to commence a syndicated equity raise for its 7thand final stage of Caddens Hill, with minimum investment amounts starting at $250,000, targeting 17.5% investment return over the twelve-month construction period.
MP Funds Management (MPFM) has made its first investment of 2019, a co-investment with another group that MPFM has a successful and ongoing co-investment relationship with. The acquisition of the Crossroads Homemaker Supercenter (the subject property) is an opportunity of scale and dominance in one of Australia’s most significant growth regions. The centre offers an existing net lettable area of 47,997sqm on 143,997sqm land over 4 separate lots. 93% of the property income is underpinned by national retailers including Bunnings Warehouse, Freedom, Fantastic Furniture, the Good Guys and Nick Scali.
Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.SIGN UP HERE >