Fully subscribed wholesale investor fund

The Pymble Private Property Trust (Fund) aims to provide wholesale investors with competitive income and the opportunity to maximise investment returns via an asset with potential capital value development upside.

The Fund has 100% interest in the 3 Bridge Street Trust, which holds a commercial property located at 3 Bridge Street, Pymble, Sydney NSW.

The property consists of a three-storey office building covering 2,626 sqm net lettable area, securely leased to UGL Pty Ltd.

The Fund is a closed fund; no new investment opportunities are available.

To register your interest in future similar funds, please contact our Investor Relations team on 1800 230 099 or email investorrelations@trilogyfunds.com.au.


*Initial forecast net distribution (net of fees, assuming the Offer Amount is raised). This is limited to the period only from the Settlement Date to 30 June 2021 and for the year that follows until 30 June 2022.

  • Wholesale investment opportunity
  • Competitive income
WHOLESALE INVESTMENT OPPORTUNITY

Competitive income and an opportunity to maximise investment returns.

Seeks to take advantage of an asset with potential capital value development upside.

Investment overview

Fund
Pymble Private Property Trust (Fund)

Investment Term
6 years from settlement date

Forecast distributions
7.00% p.a.* Calculated daily, paid quarterly

Minimum investment
$250,000
Only open for wholesale investors as defined under the Corporations Act

Offer amount
$10,400,000
The Trustee is looking to raise the Offer Amount by 5 March 2021 but may extend the Offer period to such later date as the Trustee determines in consultation with the Investment Manager.

Investment Management
Sumner Trilogy is an entity established by a Trilogy Entity and Sumner Capital which will be responsible for the investment management including property management, development approval strategy and day-to-day management of both the Fund and the 3 Bridge Street Trust.

*Initial forecast net distribution (net of fees, assuming the Offer Amount is raised). This is limited to the period only from the Settlement Date to 30 June 2021 and for the year that follows until 30 June 2022.

The Asset

The Fund aims to provide investors with an indirect interest in a property investment that aims to provide wholesale investors with competitive income, and the opportunity to maximise investment returns via an asset with potential capital value development upside.

The Property

The property consists of a three storey office building, covering 2,626 sqm of net lettable area, situated on a 2,964 sqm site and offers  development upside, with the opportunity to expand the gross floor area to over 10,000 sqm.

The property is 100% securely leased to tenant UGL Pty Ltd.

Location

Located in the prestigious northern Sydney suburb of Pymble, within close proximity to the Pymble Town Centre and Pymble Train Station. The property is located within Pymble Business Park, with dual street frontage to Pacific Highway and Bridge Street.

Pymble Business Park is situated to the west of the Pacific Highway, and north of Ryde Road providing easy access to Sydney’s orbital road network.

Tenancy

UGL Pty Ltd is a 100% subsidiary of ASX-listed CIMIC Limited, with a current market capitalisation of approximately A$7bn. UGL is an engineering company, which provides construction, maintenance and asset management services predominantly to the rail, resources and infrastructure sectors.

Development opportunity

The property is zoned B7 Business Park under the Ku-ring-gai Local Environmental Plan 2015 , which allows for a Floor Space Ratio of 3.5:1, a maximum of height of 32.5m (circa 8 storeys) and includes office, childcare and hotel uses.

The existing planning provisions allow for the potential to develop a building with 10,374 sqm of gross building area.

The property will be held first and foremost to generate rental income that will be the source of distributions from the Fund. It is currently the intention, subject to the lease on the property and to the extent that market conditions are favourable, to consider realisation of the property may be considered to wind-up of the Fund.

Property Particulars

Property address
3 Bridge Street, Pymble, Sydney NSW

Purchase price
$17,300,000

NLA
2,626 sqm

Site Area
2,964 sqm

Occupancy
100% occupied

Title Details
Lot 1 on DP626394

Zoning
B7 Business Park – Mixed-used commercial office, business use

Tenant
UGL Pty Ltd

Lease term
Current expiry 30 June 2025, plus a 5 year option

WALE
4.3 years as at 1 February 2021

15 April 2021

We are delighted to confirm that the acquisition of 3 Bridge Street, Pymble NSW (the Property) has now been completed, with settlement occurring on 14 April 2021.

As per the Information Memorandum, the Property has been acquired by the 3 Bridge Street Trust, which is 100% owned by the Fund. The first quarterly distribution is expected to be paid to investors on the eighth business day of July.

 

29 March 2021

We have agreed with the Vendor to extend the settlement date for the acquisition of the Property at 3 Bridge Street, Pymble NSW 2073, from 29 March 2021 to 12 April 2021, if not earlier subject to finalising conditions precedent to settlement.

We will update investors over the course of the next two weeks should there be further developments.

 

17 March 2021

We are pleased to inform investors that the offer amount under Pymble has been raised and the option for the purchase of Pymble has been exercised and the contract has been signed. We anticipate a settlement date of 3 Bridge Street, Pymble NSW on 29 March 2021.

We anticipate the first distribution payment will be after the end of the quarter ending 30 June 2021.

 

9 March 2021

Thank you for your application for interests in the Pymble Private Property Trust (Trust). Sumner Trilogy Investment Management Pty Limited, the investment manager to the Trust, has been appointed the corporate authorised representative of Trilogy Funds Management Limited AFSL No. 261425. This appointment replaces the intermediary authorisation entered into with The Trust Company (RE Services) Limited as described in the Information Memorandum dated 17 February 2021 (and accompanying application form) for the Trust. Should you wish to discuss your application further please do not hesitate to contact Investor Relations on 1800 230 099.


This webpage and the information contained within has been prepared by Sumner Trilogy Investment Management. Sumner Trilogy Investment Management Pty Ltd (Investment Manager) is the Investment manager of the Fund and is a Corporate Authorised Representative (CAR No. 001286045) of Trilogy Funds Management Limited (Trilogy) ABN 59 080 383 679 AFSL 261425. Perpetual Corporate Trust Limited acts as trustee (Trustee) of the Fund. The Pymble Private Property trust is an unregistered managed investment scheme. Investors may lose part or all of their capital or there may be periods when their returns are diminished. The Fund is not a bank deposit and neither the Investment Manager, Trilogy nor the Trustee guarantee its performance.

REQUEST INFO PACK