EXECUTIVE SUMMARY
Trust Strategy The Trust strategy is to acquire a high quality and securely leased office investment with future upside at a Purchase Price well below replacement cost. The investment is strategically located in a tightly held market and is to be acquired at a price that provides a compelling return in a counter cyclical point in the cycle. The income is 93% secured by Government and Fortune 500 tenants. The Manager will work to renew the tenants with expiries in the short term and seek to expand the Queensland Government's footprint in the building in the medium term. The asset will be sold upon resetting the State Government Lease.
TRUST TERM The Trust will have a term of 7 years with an anticipated investment horizon of 5-6 years. The Trust term can be extended subject to majority Unit holder approval.
EQUITY RAISING The Manager is seeking to raise $4.45 million (4,450,000 Units) for the Trust at an Issue Price of $1.00 per Unit.
DATES
Monday, 23 September 2024
Information Memorandum distributed
Tuesday, 24 September 2024
Applications Open
Application Forms to be submitted with a deposit amount equating to 10% of the subscription amount
Friday, 04 October 2024
Wednesday, 16 October 2024
Balance of cleared Investor Funds required
Friday, 25 October 2024
Completion of Property Acquisition and Financial Close
Note: Investors should note that Applications will be accepted on a ‘first in first served’ basis. Confirmation of 10% deposit paid into the Trust’s lawyer’s trust account must also be submitted with your Application. Due to the level of Investor interest, the Trust may become fully subscribed earlier than Friday, 04 October 2024. *Financial Close is anticipated to be 7 days from exercise of the option document. For more information refer to Lease and Contract Summary .
QUANTA TENNYSON STREET OFFICE TRUST | Information Memorandum
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