Responsible entity |
CorVal Partners Limited |
Custodian |
The Trust Company (Australia) Limited |
Trust structure |
Fixed-term unlisted property trust |
Trust term |
5 - 7 years from January 2010 * |
Property asset |
Industry House, Canberra |
Property purchase price |
$123.0 m (June 2009) |
Valuation |
$144 m (June 2011) |
Revaluation policy |
Independently re-valued as at 30 June each year |
WALE (by income) |
10 years (December 2011) |
Major tenant |
Commonwealth Government (99% by area) |
Issued units |
74.2 m |
NAV per unit |
$1.04 (December 2011) |
Trust borrowings |
$67.0 m |
Loan expiry |
October 2014 |
LVR |
46.5% (December 2011) |
ICR |
2.22 times (half year ended December 2011) |
Distributions |
Quarterly |
Withdrawal rights |
None. The Trust is a fixed-term investment with no ongoing liquidity. |
