Trilogy Industrial Property Trust
6.98% PA *
- Competitive income returns
- Sought after asset class
- Opportunity for capital growth over the long term
- Minimum investment of $50,000
^Distribution amount for the month ended 30 April 2022. Net distributions are variable each month and are net of management fees, costs and assume no reinvestment. Distributions are paid monthly in arrears. Please note, past performance is not a reliable indicator of future performance.
*Distribution amount for the month ended 30 April 2022. Net distributions are variable each month and are net of management fees, costs and assume no reinvestment. Distributions are paid monthly in arrears. Please note, past performance is not a reliable indicator of future performance.
**Unaudited Unit Price as at 1 April 2022. Variable price and may change each month.
***As at 30 April 2022.
^Unaudited Unit Price as at 1 May 2022. Variable price and may change each month.
^^Subject to terms in the Product Disclosure Statement (PDS).
^^^Audited figure as at 30 June 2021.
The acquisition will deliver a competitive yield to the Trust and has a strong tenant covenant, leased to RDO Equipment Pty Ltd, one of the world’s largest John Deere and Vermeer equipment dealers.
The Trilogy Industrial Property Trust currently holds 13 industrial properties across Queensland, New South Wales, Victoria and South Australia. Explore further property details in our investment brochure.
The property consists of eight buildings including a street front showroom and seven metal-clad buildings for sales and repairs. The property is located within Toowoomba’s industrial precinct and is well positioned to capitalise on the expanding Toowoomba Trade Gateway.
The property is located in the Narangba Innovation Precinct within the Moreton Bay Regional Council area part of the greater Brisbane region. The property contains two industrial buildings, both providing warehouse and office accommodation with gantry crane amenities. The complex has a wide frontage to the road with three crossover points, secure access, driveway and car parking areas.
The property is a modern, freestanding warehouse facility split into two tenancies, incorporating ambient warehousing, cool room facilities and office accommodation with access points located along each elevation. It is located approximately 14km northwest of the Newcastle CBD, and 7km east of the M1 Motorway. The property is currently tenanted by ASX-listed company, Bega Cheese Limited and subsidiary of an ASX-listed company, Downer EDI Engineering Power Pty Ltd.
The property is located in the Centra Park Industrial Estate 3 kilometres west of the Coolum Town Centre and 1 kilometre from the Sunshine Coast Motorway. The asset comprises two modern industrial warehouses and distribution facilities and adjoining office with ancillary improvements of concrete hardstand. Currently tenanted by Weir Minerals Australia Limited.
A large industrial landholding improved with an office and warehouse building completed in 2020 and currently tenanted by Australian Coil Services Pty Ltd. The property is located within the Charlton Wellcamp Enterprise area, approximately 12km from Toowoomba town centre and 12km to Wellcamp airport.
A modern warehouse and office complex constructed in 2016. The property includes 6 loading dock bays and 55 car parking bays and is leased to Tempur Australia Pty Ltd.
A modern, high-specification industrial building with 16 metre clearance and two gantry cranes. The property was purpose built in 2014 for the current tenant, Independent Mining Services QLD Pty Ltd. In 2019, Trilogy completed construction on a value-add extension which added an additional 900 square metres (approximately) of net lettable area.
A single industrial complex with an attached two-storey office. The property was purpose built in 2011 for the current tenant Alfagomma Australia Pty Ltd (Alfagomma).
A property completed in 2018 comprising two industrial units and two tenancies, occupied by Tyremax Pty Ltd (Tyremax) and Plasdene Glass-Pak Pty Ltd (Plasdene).
19-29 Bosso Street is a purpose-built office, warehouse, workshop and track press facility. The property also features a modern concrete tilt panel facility. This site is leased to Komatsu Australia Pty Ltd (Komatsu) and is its main Mackay Customer Support facility, offering sales, track repairs, service and parts.
The adjoining property, 15-17 Bosso Street, comprises land and is leased to Komatsu for storage of plant machinery.
Modern office facility and industrial premises, the property comprises multiple freestanding structures including the administration building and multiple workshops. The property is leased to Mineral Technologies Pty Ltd, a subsidiary of top 100 ASX listed parent company Downer EDI Limited.
Located in one of Brisbane’s core industrial precincts, this property is a modern industrial facility currently tenanted by Stoddart Group. The Darra precinct, just 17.6 kilometres south west from the Brisbane CBD, is also expected to benefit from the $80 million Sumners Road Interchange Upgrade, delivering further road network benefits.
Important updates regarding the Trilogy Industrial Property Trust can be found here. Please check this section regularly to ensure you are aware of important updates and changes relating to the Trust. Should you have any questions, please feel free to contact our Investor Relations team on 1800 230 099 or by emailing firstname.lastname@example.org
|12.04.2022||CARRINGTON ROAD, TORRINGTON, QUEENSLAND | Settlement of Carrington Road, Torrington, Queensland occurred on Monday 11 April 2022.||Acquisition|
|12.04.2022||COLEMANS ROAD, CARRUM DOWNS, VICTORIA | A 550 square metre extension to the existing warehouse at the Carrum Downs property will be constructed to support the tenant, Tempur Australia, with product expansion. The construction project will commence in coming months and is due for completion in August 2022.||Property update|
|17.03.2022||CARRINGTON ROAD, TORRINGTON, QUEENSLAND | A contract was signed for a new property to add to the Trust in Torrington, Queensland on Thursday 17 March 2022.||Investor update|
|02.02.2022||2022 Withdrawal offer | The 2022Withdrawal Offer period is now closed. Withdrawal applications must be received no later than 5pm (AEST), Tuesday 1 March 2022. Please ensure you read the Withdrawal Offer document for full details.||Investor Update|
|02.02.2022||PDS Update – February 2022||Investor Update|
|02.02.2022||2022 withdrawal offer frequently asked questions||Investor Update|
|09.12.2021||MAGNESIUM STREET, NARANGBA, QUEENSLAND | Settlement of Magnesium Street, Narangba, Queensland occurred on Thursday 9 December 2021.||Acquisition|
|09.11.2021||MAGNESIUM STREET, NARANGBA, QUEENSLAND | A contract was signed for a new property to add to the Trust in Narangba, Queensland on Tuesday 9 November 2021.||Investor update|
|14.10.2021||GALLEGHAN STREET, HEXHAM, NEW SOUTH WALES | Settlement of Galleghan Street, Hexham, New South Wales occurred on Thursday 14 October 2021.||Acquisition|
|24.09.2021||GALLEGHAN STREET, HEXHAM, NEW SOUTH WALES | A contract was signed for a new property to add to the Trust in Hexham, New South Wales on Friday 24 September 2021.||Investor update|
|31.08.2021||DACMAR ROAD, COOLUM BEACH, QUEENSLAND | Settlement of Dacmar Road, Coolum Beach, Queensland occurred on Tuesday 31 August 2021.||Acquisition|
|02.08.2021||PUBLICATION OF UNIT PRICE & DISTRIBUTION RATES | Unit price and distribution rates will be published on the website on or around the 7th business day of each month.|
Investors who submitted completed applications (including receipt of cleared funds in the Trust’s account) by 4.00 pm on the last business day of the previous month will receive confirmation of units issued via their preferred communication method on or around the 9th business day of each month.
In line with the PDS, distributions are paid on or around the 8th business day for investors.
|30.07.2021||MOOREBANK ROAD, WELLCAMP, QUEENSLAND | Settlement of Moorebank Road, Wellcamp, Queensland occurred on Friday 30 July 2021.||Acquisition|
|29.07.2021||DACMAR ROAD, COOLUM BEACH, QUEENSLAND | A contract was signed for a new property to add to the Trust in Coolum, Queensland on Thursday 29 July 2021.||Investor update|
|09.07.2021||Moorebank Road, Wellcamp, Queensland | A contract was signed for a new property to add to the Trust in Wellcamp, Queensland on Friday 9 July 2021.||Investor update|
|01.07.2021||PRODUCT DISCLOSURE STATEMENT||Investor update|
|28.06.2021||COLEMANS ROAD, CARRUM DOWNS, VICTORIA | Settlement of Colemans Road, Carrum Downs, Victoria occurred on Monday 28 June 2021.||Acquisition|
|16.10.2020||GRAVEL PIT ROAD, DARRA, QUEENSLAND | Gravel Pit Road, Darra is part of the Trilogy Industrial Property Trust (Trust) portfolio occurred on Friday, 16 October 2020.||Acquisition|
|9.10.2020||Closed for Investment | Within two weeks of opening for investment, we are pleased to announce that the Trust has reached full subscription of $18.155m and is now closed for investment.||Investor update|
|25.09.2020||Open for investment | The trust is now open for investment. $18.155 M offer amount.||Investor update|
|30.06.2020||Annual Report||Investor update|
If you’d like to request to redeem some or all of your units from the Industrial Trust, you should read the 2022 Withdrawal Offer carefully.
Complete the 2022 Withdrawal Offer Form and submit it to Trilogy Funds no later than 5pm (AEST), on Tuesday 1 March 2022.
Forms can be submitted via email or mail, however, please ensure you allow time for delivery, as forms cannot be accepted after the cutoff date.
2. How will my withdrawal amount be calculated?
The amount paid to each investor who has applied to redeem some or all or their units via this Withdrawal Offer will depend on the amount they applied for, the total amount available for the Withdrawal Offer, the Unit Price and Buy-Sell Spread.
You should note that a total of $15,000,000 will be available for redemption as part of this Withdrawal Offer.
If the total withdrawal requests received exceeds the withdrawal amount, withdrawal requests will be met pro-rata using the funds available from the Industrial Trust. Withdrawal requests will be paid proportionately as follows in accordance with the provisions of the Corporations Act 2001:
3. How will the Unit Price be calculated for the Withdrawal Offer?
Units realised through the 2022 Withdrawal Offer will be redeemed at the Exit Price, which is calculated as the Unit price less the Sell Spread. The Sell Spread for the 2022 Withdrawal Offer is 2.5%, and this cost accrues to the Industrial Trust to ensure all exiting Investors share in the sale costs and/or future sale costs of the property portfolio. The Sell Spread is not paid to the Responsible Entity but will form part of the assets of the Industrial Trust.
To assist Investors in their decision on whether to exit their investment or remain invested in the Industrial Trust, the estimated Unit Price and indicative Exit Price are listed below as at 1 January 2022.
|Trust Unit Price as at 1 January 2022||$1.0860|
|Estimated Industrial Trust Unit Price as at close of 2022 Withdrawal Offer*||$1.0815|
|Industrial Trust indicative Exit Price |
(Unit Price less 2.5% Sell Spread)
*The Unit Price is estimated and subject to finalisation of month end management accounts. Rounded to four decimal places.
4. When will I get paid?
It is the expected that 2022 Withdrawal Offer payments will be paid on or before 21 March 2021
5. Can I move funds received through the Withdrawal Offer to another Trilogy Funds product?
Yes. If you’d like to direct some or all your funds from the Industrial Trust to another Trilogy Funds product, simply complete the 2022 Withdrawal Offer Form and Payment Direction Notice Form and submit your form/s no later than 5pm (AEST), Tuesday 1 March 2022.
6. I only invested last year/two years ago etc – do I have to wait until my 4-year anniversary to withdraw?
No, all current investors in the Industrial Trust are eligible to participate in the 2022 Withdrawal Offer and request to redeem some or all of their units. You should carefully read the 2022 Withdrawal Offer.
To build a portfolio of properties located in key Australian regional and metropolitan industrial precincts, by seeking to target industrial properties that have the potential to provide long-term cashflows to investors or could offer the opportunity of value-add. The primary objective is to maximise the potential investor returns diversified by both geographical location and the industries in which the tenants operate. The Trust will also consider development opportunities, bringing fresh stock to the portfolio and enabling the Trust to secure long-term leases with new tenants.
The minimum investment amount for the Trust is AU$50,000 and thereafter in multiples of $5,000. Trilogy may, at its discretion, reduce this amount on a case-by-case basis.
It is intended that new units in the Trust will be issued monthly on the first business day of each month. Completed applications (including receipt of cleared funds in the Trust’s account) received by 4.00 pm on the last business day of the previous month will be processed. Please note that ‘business days’ and times stated relate to Brisbane, Australia.
Units are issued at the prevailing Unit Price plus any applicable buy spread on the date the Units are issued.
We will aim to provide Investors with confirmation of their unit allocation/s on or around the 9th business day after units are issued via email communication or on the investor portal.
Distributions are derived from rental income from the Trust’s properties and income from other investments.
These income sources are pooled and we aim to provide a distribution to investors each month. Individual investors will be able to calculate the yield on their investment based on the entry price at which they subscribed the units.
See the PDS section 4.8 for more details.
Reinvestment of Trust distributions into the Trust is not available at this time. Your distribution amount will be paid into your nominated bank account.
Like many unlisted property schemes, the Trust is an illiquid scheme and Investors may only exit upon a Withdrawal Offer from the Responsible Entity (Trilogy). Trilogy intends to make Withdrawal Offers once every four years from settlement of the purchase of the Initial Property Portfolio which occurred on 12 April 2018.
We will inform investors in advance of the date above regarding our intentions for the Withdrawal Offer, should there be one provided. Please refer to the website for this update.
Professionally managed, unlisted property trusts provide an alternative to direct investment in property. In an unlisted property trust, investors pool their money by buying ‘units’ in the trust, which is managed by a Responsible Entity, like Trilogy. Trusts aim to pay distributions that are paid at set intervals (e.g. monthly or quarterly). The initial capital remains invested until the property asset(s) is sold when the trust closes and any net proceeds are distributed among the investors according to their unit holdings.
Unlisted property trusts may be suited to investors seeking a long-term investment, potential for regular income and the opportunity for capital growth from different property asset classes.
All of our investment options aim to pay distributions monthly. Investors can expect to receive distributions on or around the eighth business day of each month, given funds are available.
Investors should note that past performance is not a reliable indicator of future performance and that risks include loss of part or all of your capital, income or diminished returns.
Portfolio diversification is a risk management strategy that allocates investments across various asset classes, locations, industries and other categories in an attempt to limit exposure to any one particular sector. With any type of investment, there may be periods when some investments don’t perform as expected. Portfolio diversification aims to minimise the impact of any one asset’s under-performance on your portfolio and typically achieves more consistent long-term returns.
There are risks associated with any investment. It is crucial to ensure the investment risk profile of your investment choice suits your personal circumstances, financial goals and tolerance for risk.
Please read the ‘Risks’ section of the Product Disclosure Statement (PDS) before investing in any of our products. This can be found in; Section 5 ‘Risks’ of the Trilogy Industrial Property Trust PDS dated 1 July 2021.
Investors should read the whole PDS to understand more fully the risks of investing in any Trust. We also recommend seeking advice from a licensed financial adviser before making an investment decision.