trending Market Intelligence /marketintelligence/en/news-insights/trending/var5nv9db4pwz3aeaodycw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

MPG taps investors to expand A$66M Australian regional cities property fund

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


MPG taps investors to expand A$66M Australian regional cities property fund

MPG Funds Management Ltd. is looking to raise at least A$25 million for its new MPG Regional Cities Property Trust to invest in prime commercial real estate assets across regional markets in Australia.

The open-ended investment vehicle will initially hold a portfolio of eight commercial properties on the eastern seaboard of Australia valued collectively at A$66.4 million upon completion, as well as an A$8.3 million interest in the MPG Retail Brands Property Trust, with an initial forecast cash yield of 7.00% per year.

The trust's portfolio features a 2,475-square-meter office building project in Armidale, a 2,619-square-meter office asset in Traralgon, a 1,488-square-meter office and retail center in Bendigo, a 713-square-meter childcare facility in Grovedale and four Centrelink properties in Newcastle.

The fund manager will look to invest in government-leased properties valued at up to A$20 million for the trust, MPG director Brett Gorman said in a release.