May 11 2019Add to Favorites
The Centennial Industrial and Logistics (CIL) launches its latest Enhanced Value fund will follow on from the success of the CIL I and CIL II funds which currently own 6 industrial and logistics properties across Brisbane and Melbourne totalling around $90 million in value.
Quality seed asset already acquired
CIL has recently finalised its first asset for the fund. The Brooklyn Distribution Park is a fully leased industrial and logistics park located in the highly sought after inner western suburb of Brooklyn. The property features a substantial main road landholding improved by five freestanding industrial buildings and cafes. It is currently fully leased with high quality tenants and strong income potential.
Why MP likes the new CIL enhanced fund
MP Funds Management likes this new Enhanced Value Fund based on the following:
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Sophisticated investors are invited to invest into the Fund, with a minimum investment of $250,000 and forecasting a total return in excess of 12% p.a., including average cash distributions of 5.4% p.a. over the 4-year investment period. Stirling’s Directors will co-invest a minimum $1.0 million into the Fund.
To accommodate yield investors Quintessential Equity is set to launch a commercial property fund, which will shortly raise $150million from investors
Qualitas' first "pure property debt" listed investment trust, the Qualitas Real Estate Income has raised another $35 million in funds to issue more commercial loans.
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