RF CorVal Industrial Infill Trust
|Target Equity IRR||10-12%|
Portfolio of urban industrial assets.
The RF CorVal Industrial Infill Trust offers investors exposure to a portfolio of industrial assets in urban infill locations, underpinned by relatively high underlying land values.
The Fund intends to capitalise on this less-exploited market sector by acquiring A and B-grade industrial assets in built-up suburban locations, which are underpinned by relatively high underlying land values. The supply of land in these locations is constrained and demand is expected to continue to strengthen from industrial users, including for last-mile logistics, which has the potential to drive future capital value growth.
In July 2021 the Fund made its first investment, acquiring the Farm Pride Foods headquarters in Keysborough, VIC under a sale-and-leaseback with a 15-year triple net lease. The pipeline of opportunities under assessment is strong and it is expected that further acquisitions will be made shortly.