Property Income Funds
BMW Berwick
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ASSET VALUE
$18.75m
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FUND UNIT PRICE (NTA)
$1.06
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FORECAST ANNUAL NET INCOME
$1.2 million
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DISTRIBUTIONS
Paid quarterly
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INVESTMENT TERM
7 years
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WALE
13.0 years
Overview
Eildon successfully completed a $10 million equity raising for the EAM Berwick Motor Trust (the “Fund”), home to Berwick BMW in Melbourne’s east. The state-of-the-art facility offers a full range of BMW products and services, including New Vehicle Sales, Pre-owned Vehicle Sales, BMW Finance and Insurance, Service and Parts. EAM Berwick Motor Trust provides investors with:
- Ownership in a large commercial property asset, via an unlisted direct property Fund
- Cash distributions paid to Investors on a quarterly basis, over the 7-year investment term
- Opportunity for capital growth, represented in the Fund’s NTA
- Long-term lease with a forecast Weighted Average Lease Expiry of 15 years (100% occupation)
Elara Shopping Centre
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ASSET VALUE
$64.0m
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FUND UNIT PRICE (NTA)
$1.27
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FORECAST ANNUAL NET INCOME
$3.25m
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DISTRIBUTIONS
Paid quarterly
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INVESTMENT TERM
7 years
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WALE
10.7 years
Overview
Eildon successfully completed a $30.1 million equity raising for the EAM Elara Village Property Fund to acquire a brand-new Coles-anchored Shopping Centre located within Stockland’s Elara Masterplan Estate in Marsden Park, NSW. The centre
commenced trading in November of 2021, having a very successful first 12 months of operation. The flagship Coles is supported by The Castle Hill Medical Centre, Goodstart Childcare, Snap Fitness, Desi Hatti Indian Grocer, Subway and many more specialty shops. EAM Elara Village Property Fund provides investors with:
- Ownership in a large A-grade shopping centre asset, via an unlisted direct property Fund
- Cash distributions paid to Investors on a quarterly basis, over the 7-year investment term
- Opportunity for capital growth, represented in the Fund’s NTA
- Long-term lease with a forecast Weighted Average Lease Expiry of 10+ years (100% occupation)
Caboolture Junction
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ASSET VALUE
$58.1m
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FUND UNIT PRICE (NTA)
$1
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FORECAST ANNUAL NET INCOME
$3.30m
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DISTRIBUTIONS
Quarterly
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INVESTMENT TERM
7 years
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WALE
11.2 years
Overview
Eildon successfully completed a $31.4 million equity raising for the EAM Caboolture Property Fund to acquire a brand-new Coles-anchored Shopping Centre located 30 minutes north of Brisbane in Caboolture. The Coles Centre commenced trading in November of 2022, with the KFC and Large Format Retail Centre, anchored by PetStock & SuperCheap Auto, set to commence
trading in early 2023. The Coles Centre is supported by 11 speciality shops along with a Chemist Warehouse and KFC.
EAM Caboolture Property Fund provides investors with:
- Ownership in a large A-grade shopping centre asset, via an unlisted direct property Fund
- Cash distributions paid to Investors on a quarterly basis, over the 7-year investment term
- Opportunity for capital growth, represented in the Fund’s NTA
- Long-term lease with a forecast Weighted Average Lease Expiry of 10+ years (100% occupation)
Harpley Town Centre
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ASSET VALUE
$80.0m
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FUND UNIT PRICE (NTA)
$1
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FORECAST ANNUAL NET INCOME
$4.30m
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DISTRIBUTIONS
Quarterly
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INVESTMENT TERM
7 years
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WALE
9.9 years
Overview
Eildon acquired a 4.4 ha site within the Lendlease Harpley Estate. Development is due to commence in 2023 and will incorporate a medical centre, neighbourhood centre, service station, fast food and other commercial use. End value of the development is projected to be in excess of $100 million. The Coles anchored neighbourhood centre is 73% leased (by area), with construction due to commence in January of 2023, set to be open for trade in Autumn 2024.
Health and Education Fund
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ASSET VALUE
$21.2m
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FUND UNIT PRICE (NTA)
$0.99
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FORECAST ANNUAL NET INCOME
$1.25m
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DISTRIBUTIONS
Quarterly
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INVESTMENT TERM
7 years
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WALE
9.0 years
Overview
Eildon established the Health & Education Fund in May 2022 which invests in Childcare and Early Learning Centres across Australia. The open-ended fund aims to provide investors with a geographically diverse portfolio, long term leases for an essential community service, quarterly distributions and focus on modern newly constructed assets which are expected to minimise near term capital expenditure obligations.
Important information
Asset Value is calculated by this method. Fund Unit Price is calculated by this method as at the date of completion. Distributions will be quarterly from the date of completion. Investment Term may be extended. WALE is calculated as at 28.11.22 and will change as tenants change.