The property was purpose built for the tenant by the McMullin Group on behalf of MPG and its investors. In his Chairman’s Letter, Trevor Gorman highlighted the significant forecast population growth and infrastructure developments in the region that pointed to the potential for strong capital growth. These included the Craigieburn Bypass which was completed in 2005 and the expansion of housing estates in Mernda.
An investor of $100,000 received $8,400 in distributions each year which were significantly tax advantaged.
At the end of the first 7 year term (April 2012), almost 90% of unitholders elected to remain in the Trust and roll for a further 7 year term.