MPF Retail Fund
Second asset – Now open for investment!
p.a. distributions paid quarterly*
IGA, ALDI, BWS, McDonalds,
and strong tenancy mix in assets
with excellent growth potential
Established in late 2016, the Fund currently owns the Castle Hill Village Shopping Centre in Murrumba Downs, Queensland and is continuing to invest directly into retail shopping centres and large format retail properties in expanding demographic regions within key Australian cities.
Following the success of the Fund’s first asset, the fund’s strategy has identified a prime opportunity in the recently constructed Wattle Grove Shopping Centre in Perth, WA. Anchored by WA’s first ALDI store, the new asset will provide investors with an increased level of income diversity, with both assets expected to achieve ongoing rental and capital growth. This second asset also provides the trust with diversification of location to allow the fund to take advantage of different growth opportunities from their local markets.
The fund continues to meet the initial projections of 7.5% p.a. to investors and it is expected that the second asset will add even greater confidence to distribution expectations for investors.
Since establishing the Fund, the managers have strategically secured new highly established tenants to the first asset to improve the leasing mix and strengthen the alignment to local demand dynamics. The continuing growth of each asset’s local market also present good opportunity to further increase their performance moving forward.
*projected distributions based on current distributions
Request synopsis & register interest
First Asset – Murrumba Downs, QLD
A large neighbourhood retail centre comprising three separate buildings, including a freestanding McDonald’s Restaurant, a main Centre incorporating IGA, BWS, a medical practice and other specialties and a smaller building with several restaurant offerings. The premises are all on a single title including 115 parking spaces.
|Address||264 Dohles Rocks Road, Murrumba Downs, QLD|
|Land Area||9,733 sqm|
|Building Area||2,773 sqm|
|Key Tenants||IGA, McDonalds, Medical and others|
Open for Investment
Second Asset – Wattle Grove, WA
Wattle Grove Shopping Centre is located 13km from Perth CBD, in close proximity to Perth Airport. The centre is a newly constructed shopping centre anchored by the first ALDI built in WA. The bustling centre benefits from a growing local area, with approximately 17,500 vehicles passing by the site per day. Existing tenants have cited strong trade and there is strong potential to enhance this further through small adjustments to the tenancy mix over time.
Further benefits are the absence of an internal mall (limiting outgoing costs for tenants/landlord), and the property’s design, which allows for convenient access to specialties direct from the car park as well as the benefit of an undercover canopy and surrounding reserve.
|Address||338 Hale Road, Wattle Grove, WA|
|Land Area||6,950 sqm|
|Building Area||3,103 sqm|
|Tenant||ALDI plus 13 other tenants|