Metrics

Acquisition:Confidential

Disposal:Unrealised

Forecast Investor IRR:c.11.7%*

Forecast Average Income Return:4.25% + p.a.*

Investment Term:6 years

Investment Type

Investment Type:Core Plus

Location:Homebush West, NSW

Sector:Industrial and Self-Storage

Investment Summary

•  Burtonwood secured an off-market co-investment opportunity to acquire an interest in the newly completed “Homebush Logistics Centre” located at 201 Parramatta Road, Homebush West, NSW, approximately 14km west of Sydney’s CBD.
• The property comprises c.16,000sqm of lettable area across a mix of industrial warehouse and multi-level self-storage facilities.
• The property is located on 2.56ha of land, directly adjacent to the M4 and Parramatta Road, which are major arterial roads in Sydney.
• Burtonwood acquired interest from the developer, Trumen Norman, who specialise in Industrial and Self-Storage development projects throughout Sydney, and retain a significant ownership alongside Burtonwood.
• The Trust was established at the end of the construction phase of the Property. At the time of acquisition, the Industrial component of the Property was 99% pre-leased to quality tenant covenants, and the Self-Storage facility being operated by Wilson Storage under a management agreement. This investment provides Burtonwood investors with immediate income distributions following settlement.

*At the time of IM publication