Trust at a Glance

Responsible entityCorVal Partners Limited
CustodianThe Trust Company (Australia) Limited
Trust structureFixed-term unlisted property trust
Trust term5 – 7 years from June 2011*
Property asset
  • 100% of 17 Moore Street, Canberra, ACT; and
  • 49.99% of the Australian Red Cross Blood Service property located at 17 O’Riordan Street, Alexandria, NSW. (Sold July 2016)
Property purchase price$19.0m (17 Moore Street, Canberra)
Valuation$19.1m (17 Moore Street, Canberra)
Revaluation policyIndependently re-valued as at 30 June each year
WALE (by income)N/A
Major tenantN/A
Issued units31.76m
NAV per unit$0.49 (June 2017)
Trust borrowings$3.7m (17 Moore Street, Canberra)
Loan expiryDecember 2018 (17 Moore Street, Canberra)
ICR6.37 times (Year ended 30 June 2017)
Withdrawal rightsNone. The Trust is a fixed-term investment with no ongoing liquidity.

*         See section 3.3 of the PDS for further detail.