– FIRST RAISING FILLED –
MPF Diversified Fund No. 3
Building from strength to strength.
Introducing our third Diversified Fund.
Projected distributions paid monthly*
10 year WALE
Initial asset WALE by income
Invest from $50k
With depreciation benefits and tax-advantaged income distributed to investors
*Forecast distributions are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. The target return range is a target only, not a forecast and it might not be achieved. See section 9 of the PDS for more information, as well as section 6 in relation to risks.
MPF Diversified Fund No.3 is the third edition of MPF’s highly popular Diversified Fund series. The Funds have offered investors the unique opportunity to have access to a diverse portfolio of high quality commercial property spanning across the industrial, office, retail and medical sectors.
Keeping disciplined to its successful formula and strict criteria, the Diversified Fund No. 3 will target five to eight assets offering both long-term income and potential for enhanced capital returns through strategic value-add opportunities.
We are excited to launch the MPF Diversified Fund No.3, following strong and continuing demand from investors.
Our previous diversified fund, MPF Diversified Fund No. 2, closed in December 2019 with a portfolio of $60.5m including 8 quality assets across 4 states and multiple sectors, and currently distributes a return of 7.5% (p.a.) monthly.
MPF Diversified Fund No. 3 is expected to build from that success, targeting a well-balanced, diversified commercial property portfolio with a total value between $60 – 80 million.
Features of the Fund include:
- The Fund will hold a diversified portfolio of commercial assets across multiple sectors including industrial, medical, large format retail and/or more.
- Targeting $60 – $80m of commercial assets
- Asset diversification across location, industry and tenant business sectors.
- Strong lease covenants, targeting quality national and international, and listed tenants
- Fund distributions expected at 7.5% p.a. paid monthly* (capital growth in addition).
- Depreciation benefits and tax advantaged income distributions to investors.
- Professional and experienced managers.
- Invest from $50,000.
|Total Raise||$7 m (1st raise)|
|Funds Required||End August 2020|
First Raising Filled
First Asset – Logistics & Distribution Facility, CANNING VALE (WA)
Constructed onsite is a high quality industrial logistics and distribution facility that was purposely designed by the tenant for its distribution of timber building products. The asset is secured by an 11 year lease with Timberlink, who are a major wholesaler of timber building materials in Australia, including a key Supplier to Bunnings.
The property is located in the prime industrial precinct of Canning Vale, approximately 15km south east of the Perth CBD.
The area is very well located on the main freight route between Fremantle Port and Perth Airport, and is strategically located on the main state freight route being Roe Highway. More specifically, the property is located on the south side of Modal Crescent, which allows heavy vehicles access up to RAV-4 vehicles.
The warehouse is constructed from a cross laminated timber and is the largest building of its type in Western. It is a fully sprinklered warehouse with good truss height and features a full wrap around canopy for all weather loading. In addition there is a very large hardstand area that is currently fully utilised by the tenant, Timberlink.
Timberlink is a leading timber products manufacturing and distribution business across Australia and New Zealand. The business is owned by New Forests, a sustainable real assets investment manager of $5bn in assets. Timberlink is the supply chain for New Forests’ Australian operated plantations and employs over 550 people nationwide. They have three state of the art sawmill facilities, processing over one million tonnes of plantation log each year. These facilities cut a range of fit-for-purpose indoor and outdoor plantation pine building products with quality wood chip residue, as well as value add processing with treatment. The manufacturing facilities are supported by a comprehensive warehouse distribution network, with centres in Melbourne, Adelaide, Perth, Sydney and Tasmania, dispatching around 65,000 packs of timber each year.
As a major supplier of timber building products, MPF believes the tenant is well positioned to benefit from both the Federal ($688million) and State government ($444million) housing stimulus packages designed to encourage new housing construction and home renovations.
- 10 year WALE by income
- Located in Canning Vale, one of Perth’s premier industrial precincts
- Leading timber products manufacturing and distribution business
- Timberlink Australia which spans across Australia and New Zealand employing over 550 people nationwide
- Low site coverage (41%) with potential future expansion
- Income growth with 3% fixed increases
|Address||13 Modal Crescent, Canning Vale WA 6155|
|Land Area||18,771 sqm|
|Building Area||7,773 sqm (including canopy)|
|Tenant||Timberlink Australia Pty Ltd|
First Raising Filled
Second Asset – COMING SOON
Previous Diversified Funds
MPS Diversified Property Trust
(closed Oct 2017)
MPF Diversified Property Trust No.2
(closed Dec 2019)