Trust at a Glance

Responsible entity CorVal Partners Limited
Custodian The Trust Company (Australia) Limited
Trust structure Fixed-term unlisted property trust
Trust term 5 – 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 policy Independently re-valued as at 30 June each year
WALE (by income) N/A
Major tenant N/A
Issued units 31.76m
NAV per unit $0.49 (June 2017)
Trust borrowings $3.7m (17 Moore Street, Canberra)
Loan expiry December 2018 (17 Moore Street, Canberra)
LVR 19.2%
ICR 6.37 times (Year ended 30 June 2017)
Distributions N/A
Withdrawal rights None. The Trust is a fixed-term investment with no ongoing liquidity.

*         See section 3.3 of the PDS for further detail.