CorVal Inghams Murray Bridge Trust
662 Flagstaff Road, Murray Bridge SA 5253
|Property||662 Flagstaff Road, Murray Bridge SA 5253|
|Land Size||22,900 sqm|
|Target Equity IRR||8-10%|
Strategic industrial development fund-through with leaseback to ASX listed group.
The CorVal Inghams Murray Bridge Trust is an unlisted property trust established to facilitate the development a state of the art feedmill facility to be leased by the ASX listed Inghams Group.
Completed in 2018, the Property is utilised by Inghams for the production of high quality animal feed. The Property’s Murray Bridge location is stategic for Inghams as it services their integrated poultry business and provides access to the major cities of Adelaide and Melbourne. The Property is leased to Inghams on a triple net lease for an initial term of 25 years with an additional five x 10 year options.
The Trust strategy centered around acquiring the Property under the fund through structure, maximising the Trust’s Earnings Per Unit through the benefits of the Trust’s loan facility and monitoring the most appropriate time to realise the Trust Property to maximise investor returns.