The Trustee is pleased to announce that it has settled the acquisition of the site located at 139 Bunya Road, Arana Hills, QLD 4054.
The completion of the acquisition, allows the development process to move from the preparatory stage and begin the execution of the development plan. The development plan set out in the Information Memorandum envisages the subdivision of the site into three lots and the construction on those lots of a:
• commercial gym and associated parking;
• self-storage complex; and
• a series of industrial units.
Further information is set out in the Information Memorandum dated 22 May 2024.
To review previous updates please visit this link.
FUND OVERVIEW
The Trustee is seeking to deliver Investors a pre-tax return of 15% per annum on their investment money for the term of the Fund, net of fees and costs but excluding tax, while preserving Investory capital
INVESTMENT STRATEGY
The Trustee will use the equity raised under the Offer to lend to its related body corporate, the Borrower, for the purposes of:
- acquiring the Property and then developing the Project on the Property;
- to pay the costs of the Offerl and
- to pay management fees to the Trustee and the costs of operating the Fund
PROJECT SUMMARY
The acquisition of the Property, the subdivision of the Property into three lots and the construction on those lots of:
- commercial gym and associated parking;
- self-storage complex; and
- a series of industrial units.
Development approval for the Project has been lodged but not yet council approved, and so ultimately the Project may differ.
HOW TO APPLY
Application for investment can be made on the application form contained in the Information Memorandum.
The Offer opened on 19 April 2024. Units will be issued progressively, usually within five business days of acceptance of applications.