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Sydney

The property had a single lease to Pilequip at acquisition and EG identified the property as being under-rented and mis-priced due to the marketing campaign being focused on future residential rezoning. During DD EG entered into direct negotiations with the sub-lessees of Pilequip to lift the sub-lessees to head lease status, and during the process increased the income and improved the diversity of income.

This offering is arranged by EG Private Wealth Pty Ltd, which is part of the EG Funds Management group of companies. The EG Funds Management group of companies have an established track record of successfully identifying, acquiring, and consolidating real estate assets and it currently controls over 28 properties in all property sectors with a value in excess of $4.3 billion. 

Refer to the IM issued by EG Funds for important disclosures and risk statements. 

Term

Type

Status

Asset Class

5yr

Equity

Closed

Industrial

Arranger

EG Private Wealth

Acquired

Mar-2021

Distribution

8.25%

Target IRR

16.50%

Our key measures explained by Dr Andrew Wilson - 

Chief Economist at Wealthi.

Arranger

The arranger is the funds management group who is licensed to put together this arrangement. They are responsible for all matters relating to the investment opportunity and Wealthi runs a rigourous process to determine appropriate arrangers in the market.

Asset Type

In commercial, we generally tend to classify assets and opportunities as either Industrial, Retail or Office. At times we may present actual Funds, which operate as a lending vehicle to these different asset types.

Distribution

Distribution is the ongoing return from the cashflow of the asset which is repaid. Distributions are also known as dividends or interest payments. They can be paid monthly, quarterly or even annually. We also based these on an annualised rate and this is always an estimate, based on expected cashflows.

IRR

The internal rate of return (IRR) is a metric used in financial analysis to estimate the profitability of potential investments. IRR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.