DEFINITIONS
TERM
DEFINITION
Manager
Quanta Investment Funds Pty Ltd ACN 657 780 928.
In relation to any property or asset, means the value determined in a manner which is consistent with the range of ordinary commercial practice for valuing items of that type, and where the Trust is not registered, includes any premium which a buyer (or its Associates) would pay where the exchange is part of a transaction involving the purchase of multiple assets from the Trust and having regard to any improvements to or approvals obtained for such property or asset.
Market Value
Net Passing Income
Gross Income less outgoings, as calculated by the Trustee at the date of financial completion.
Net Property Income
Gross Income less outgoings, as calculated by the Trustee.
Net Operating Income
Net Property Income less trust expenses including interest, Trust Management Fee and Trust Expenses.
Passing Yield
The Net Passing Income divided by the sale price.
The assessed fully leased net market income divided by the Purchase Price plus adjustments to account for property specific items (i.e. rental reversions, rental downtime for imminent expiries, capital expenditure, current vacancies, incentives, etc).
Market Yield
Property
9 Tennyson Street, Mackay, Queensland 4740 described as Lot 4 on Survey Plan 204888
Purchase Price
$6,625,000
Quanta or Manager
Means Quanta Investment Funds Pty Ltd ACN 657 780 928.
Quanta Holding Co Ltd (QHC)
Quanta Holding Co Ltd ACN 601 712 707.
Refinance of the Debt Facility means a refinance, extension, variation, renewal, replacement or amendment of the Debt Facility, excluding where the only variation or amendment to the Debt Facility is an increase in the facility limit.
Refinance
Seller
JL Fergus Properties Number 1 Pty Ltd ATF Tennyson House Unit Trust ACN 125 619 258
The securities to be provided to the Debt Lender, as set out in Section 4: Debt and Equity Raising Overview .
Security
Quanta Tennyson Street Office Trust, an unlisted unit trust to be established by the Trustee and whose Units will be owned by Investors who subscribe to Units in the Trust pursuant to this Information Memorandum issued by the Manger.
Trust
Trust Value
Means the combined market value of the assets of the Trust, as calculated by the Trustee.
Trust Assets
The assets contained within the Trust including cash.
Trustee
Quanta Tennyson Street Office Pty Ltd (ACN 697 964 311)
Unit
A unit in the Trust.
WALE
Average time period in which all leases in a property will expire (Weighted Average Lease Expiry).
Year 1
Represents the period 12 months post Financial Close.
QUANTA TENNYSON STREET OFFICE TRUST | Information Memorandum
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