MPF Diversified Fund No. 2

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7.5%

Year 1 projected distributions

8%+

Average projected distributions

$60m

Asset target size

The MPF Diversified Property Trust No. 2 has been structured to acquire a diverse portfolio of commercial property including but not limited to industrial, office, small retail centres, large format retail and medical centres. 

Following on from the success and demand from investors for investment in the Diversified Trust (No. 1), we are pleased to offer investors an opportunity to participate in our new Fund.

The trust intends to purchase a basket of commercial properties capable of providing secure, long-term income and the potential for future value-add opportunities to drive capital returns.

Features of the trust include:

  • Trust will holds an established suite of commercial assets providing reliable income
  • Tenant diversification across business sectors and location
  • Assets in major capital or regional cities
  • Trust projects initial distributions at 7.5 cents per unit
  • Depreciation benefits and tax advantaged income distributed to investors
  • Professional managers
  • Targeting $60m of assets

First Asset – Falcon, WA

Purchased off-market, this facility was built in 2012 for retail showroom liquor sales. The premises are located next to the popular Cobblers Tavern and across the road from Miami Plaza Shopping Centre.

The property is currently the only bulk retail liquor sales licence within a 10km radius. It is expected that tightening liquor licence changes will suppress further competition on at least the southern area of Avocet Island. Applications have been rejected on numerous occasions to add a small BWS in the Miami Plaza Shopping Centre.

Liqorland, First Choice Liquor and Vintage Cellars are wholly owned subsidiaries of Coles Group and comprise a national network of 865 liquor stores and 89 hotel. First Choice Liquor is the large format destination retail liquor flagship with 97 stores nationally.

Key features
Address  629 Old Coast Road, Falcon, WA
Land Area  2,945sqm
Building Area  1,234 sqm
Tenant  First Choice (Wesfarmers)

Second Asset – Crestmead, QLD

A brand new industrial facility leased to a leading importer wholesaler of solar panels who are part of China’s Golden Concord Group (GCL).

Located in Crestmead the heart of the growth corridor in Brisbane’s Southside. In terms of access, the area enjoys proximity to the Logan and Gateway Motorways. These two main arterials access South East Queensland’s greater metro area, including the Western Corridor, Gold Coast and the Port of Brisbane.

The tenant, One Stop Warehouse are a leading importer of solar panels, inverters and battery systems for the residential and commercial markets. They are one of the largest wholesale suppliers in the Australia market. One Stop Warehouse has warehouses in five capital cities and this property in Crestmead will serve as their national headquarters. One Stop Warehouse was recently brought out by 51% ownership to GCL System Integration (GCL-SI). They feature on the Shenzhen Stock Exchange with a market capitalisation of $4.86B (AUD) at 10 July 2018.

Key features
Address 55 Rai Drive, Crestmead, QLD
Land Area  6,274sqm
Building Area 3,573 sqm
Tenant One World (Part of the GCL Group)

Third Asset – Virginia, QLD

This leased investment is wholly occupied by specialised medical equipment manufacturer Aim Lab Automation Technologies. The tenant has been in occupation from 2014 and have just renewed for a brand new 6 x 6 year lease until late July 2024.

This modern tilt panel building contains a high office and medical laboratory component, with high bay warehousing at the rear. The property affords two street frontage and access from both Bilsen Road and Lisgar Street.

Aim Labs manufacture specialised equipment that assist industrial, environmental and pathology centres with over 10,000 installations across the globe. They are recognised internationally as an innovator in the field of laboratory automation and have forecast growth that is expected to see them doubling their production in the coming years from this location.

Key features
Address 15 Lisgar Street, Virginia, QLD
Land Area 3,291 sqm
Building Area 2,818 sqm
Tenant Aim Lab Automation Technologies
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