Project Blue Ink is seeking equity investment to fund the purchase of a freehold, commercial building in a well- located suburb of Brisbane, Australia. The property will be 100% leased to a single tenant on an already negotiated, 10-year lease.
The property is expected to be sold after 4-5 years to maximize the exit value for shareholders.
La oportunidad
Project Blue Ink will be managed by a fully-licensed and very experienced Australian fund manager with a 10-year history of positive income and capital returns. The equity funding will be combined with local bank debt to allow the acquisition of the building.
Investors will benefit from:
- Forecast distributions over the first 3 years:
- Year 1 – 7.7%
- Year 2 – 8.0%
- Year 3 – 8.3%
- 10-year lease provides access to a long term and certain income stream
- 100% of property outgoings are paid by the tenant
- Annual fixed rental increases of 3% or CPI (whichever is higher) provides predictable and growing returns
- Quarterly cash distributions paid to investors
- Initial debt gearing limit of 60% LTV
The Sponsor & Property
- Project sponsor has established a specially tailored Australian ‘wholesale’ real-estate investment fund open only to professional / HNW investors
- Project sponsor is the Australian arm of a global, private capital, asset manager with a 25 year history and USD 1.5 billion AUM
- Property Details:
- Freehold title
- Being fully renovated prior to purchase
- Lettable area of approx. 2,342 sqm
- Includes on-site parking with 72 spaces
- Purchase price of AUD 17.65 million
- To be sold in approx. 4-5 years with all proceeds (including any capital profits) distributed to investors
The Tenant & Location
- Tenant is a software business with 15 years of history, 300 staff in 4 countries, and annual revenue over USD 35 million
- Location is 10km from Brisbane CBD (15 min drive)
- Area is a highly sought after commercial office location popular with many corporate employers
- Strategically located with easy access to a number of Brisbane’s largest arterial roads, shopping malls and transport hubs
- 20 min drive time to Brisbane Airport, 50 min drive to the Gold Coast
Inversión y uso de fondos
- Buscando hasta EE. UU.$8.5 million in equity funding
- Purchase of fully renovated, freehold, commercial building for 100% lease to single tenant for 10 years
Localización
Queensland, Australia
