CorVal Puma Office Trust

365 MacArthur Avenue, Hamilton QLD 4007

Property Information

Property365 MacArthur Avenue, Hamilton QLD 4007
CommencementAugust 2015
Land Size3,552 sqm
Building Size 6,019 sqm NLA
Purchase Price$31.2m
Target Equity IRR10-12%

Fund-through head office development for global oil group.

The CorVal Puma Office Trust is an unlisted property trust established to acquire the Puma Energy head office building in Hamilton QLD on a fund-through basis.

The Property is located within the Northshore Hamilton urgan renewal precinct, approximately 6 kilometres from the Brisbane CBD. Following completion of the construction works, improvements to the Property now comprise a modern office building of approximately 6,019sqm along with car-parking for 225 cars. The Property is fully leased to Puma as the sole tenant for an initial 15 year term, together with 4 x 10 year options.

The Trust strategy centres around the acquisition and construction fund-through, following which the focus turns to maximising the Trust’s Earnings Per Unit by the yield enhancement generated from the Trust’s loan facility.

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