Investment Update April, 2025
Construction works to convert the former Bunnings site into four large format tenancies have been completed. The new tenants have opened for business and have commenced their leases.

The MPG Hardware Trust provides investors with an opportunity to invest in a stand-alone, large format property located in Wonthaggi – a well established and growing region of Victoria.
Status: Open
Year started: 2012
Total Assets: $6.56 million ($11.80 million on completion)
Assets: Wonthaggi Lifestyle Centre (Vic)
Occupancy: 100%
National tenants on long term leases
The property is leased to four national, large-format retail tenants: Super Cheap Auto, BCF, Forty Winks and Choice the Discount Store.
Experienced manager with a proven track record
The Trustee, MPG Funds Management Ltd. has over 20 years of commercial property investment, management and development experience.
McMullin Group co-investment
To ensure investor interests are aligned the McMullin Group will maintain a minimum equity interest of 10% of the Trust.
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Net Tangible Assets: $1.08 (30 June 2024)
Minimum investment: $50,000 for approved sophisticated investors
Dividend reinvestment plan: No
Distributions: 6.00%* pa.
Distribution Frequency: Quarterly
Investment Term: Seven years – detailed in page 10 and 11 of the information memorandum. This trust will rollover in the March quarter 2026.
Liquidity: Although Unitholders have the right to sell any units they buy subject to approval by the Trustee, the Units will not be listed on any stock exchange, nor will they be redeemed or repurchased by the Trustee.
WALE: 8.15 years on lease commencement
Gearing: 54% (year ending 30 June 2024)
Tax Deferral: 100% (30 June 2024)
Resources
*Forecasts are estimates only and are not guaranteed to occur. Please refer to the Information Memorandum for details relating to forecasts.