Property funds management company Quadrant Investments’ adds to the QI Diversified Income Trust No 1 portfolio with strategic industrial buy.
Perth-based property funds management company, Quadrant Investments, is inviting investment to wholesale and sophisticated investors in the established QI Diversified Income Trust No 1, which is forecast to deliver monthly distributions of 7.0% p.a. this financial year.
The limited reopening of the fund to new investors has arisen with the acquisition of two strategic fully-leased industrial properties covering over 1.4 hectares of land in Perth’s eastern industrial corridor.
After closing its first round of equity raising oversubscribed in April of 2021 for the fund’s first acquisition, investors are encouraged to move quickly to review the Information Memorandum that includes further details on the fund and its portfolio of assets, which will total $17,900,000 on settlement.
The QI Diversified Income Trust No 1 is targeting an average monthly distribution of 7.0% p.a. across the initial term and will aim to continue to add further assets to the portfolio to deliver this outcome across a diversified income stream from various property sectors. Once fully invested, the Trust aims to achieve a combined property portfolio value of up to $40 million.
Quadrant Investment’s Managing Director Phil Fogliani said the new acquisitions provided the perfect addition to the foundation asset within the fund.
“The first acquisition, located in Midland CBD, provided the trust with a stable income from a reliable tenant in the WA State Government until July 2028, a highly prized attribute in the current landscape which has seen periods of uncertainty and continuing low returns below current inflation from bank term deposits,” commented Mr Fogliani.
“The two new acquisitions in the Perth industrial suburb of Bassendean, with their heavy land content and strong lease covenant to one of Australia’s largest home builders by market share, compliments the exceptional foundation set from the initial acquisition,” Mr Fogliani added.
According to Mr Fogliani, the asset portfolio will also deliver the investors a significant tax-deferred component to their distribution income owing to its attractive depreciation benefits.
“Quadrant Investments’ acquisition principles guide our strategy for the high-quality assets we target and choose to add to the fund,” explained Mr Fogliani, adding, “Part of that assessment looks for opportunities or factors that will potentially deliver future capital growth in addition to income growth for investors.”
Quadrant Investments is an established, Perth based fund manager with over $60 million in funds under management. The business is co-owned and backed by one of Australia’s oldest private companies, the 108-year-old Richard Noble & Company.
Applications are now open to invest and will close once fully subscribed.
For details on how to apply for an investment allocation in the Trust, please contact Phil Fogliani on 0408 900 587 or on email (phil.f@quadrantinvestments.com.au) for a copy of the Information Memorandum.
Key highlights:
- Wholesale property fund established and managed by Quadrant Investments, an established, experienced fund manager and the holder of an Australian Financial Services Licence.
- Initial forecast income distribution of 7.00% p.a. (pre-tax, after costs) paid monthly to investors.
- Initial Trust term of seven years.
- Aiming to acquire additional properties, with the fully invested Trust having a combined end value of up to $40 million.
- Total current property portfolio of $17,900,000 on settlement of latest acquisition.
- Weighted Average Lease Expiry of 5.5 years from settlement.
- Significant depreciation benefits to investors and strong prospects for future growth.
QI’s key personnel and contacts are:
Phillip Fogliani Managing Director +61 (0) 408 900 587
Alex Gregg Director +61 (0) 417 914 631