The MPG Property Income Trust provides an opportunity to invest in a diversified portfolio of MPG Property Trusts and ASX-listed property securities that targets regular monthly tax-advantaged income.
Status: Open to Wholesale Investors
Year started: 2023
Investment Approach: Actively manage the diversified portfolio of MPG Property Trusts, ASX-listed property securities and cash assets that will be held for the medium to long term. For the underlying Trusts managed by MPG, it is our intent to continue actively managing these assets which will involve renewing current leases and targeting new tenants for any vacant space. Upgrading and refurbishing specific assets may also be undertaken.
ASX-listed property securities, liquid investments and cash: We intend to have a benchmark incidental investment allocation of 10-20% in ASX listed property securities, liquid investments and cash managed by MPG Funds Management.
Initial Portfolio of MPG Trusts:
MPG Essential Services Property Trust – 30.0%
MPG Retail Brands Property Trust – 30.0%
MPG Hardware Trust 2 – 22.0%
MPG BW Trust 2 – 15.0%
MPG KM Trust – 3.0%
Descriptions of the Trusts
Below are brief descriptions of the Trusts currently included in the portfolio, as well as some other MPG Trusts that may be included in the portfolio in the future. Please tap on a Trust, to read more about it.
MPG Essential Services Property Trust
A diversified portfolio of twenty-one essential services properties in the government and social infrastructure sectors with key tenants including: Commonwealth Government of Australia (Centrelink, Medicare, Department of Human Services, Australian Pesticides and Veterinary Medicines Authority), The State Government of Victoria (Environmental Protection Authority), Queensland Government (Queensland Police, Department of Housing, Department of Environment and Science, Department of Child Services), The Centre for Non-Violence and Think Childcare Ltd.
MPG Retail Brands Property Trust
An investment in diversified portfolio of nine retail properties in the neighbourhood shopping centre, large format retail and everyday essentials sectors with key tenants including: Coles, Woolworths, Bunnings, Kmart amongst others.
MPG Bulky Goods Retail Trust
A diversified portfolio of four quality large format retail properties tenanted by some of Australia’s best known retail brands including: JB Hi-Fi, Anaconda, Fantastic Furniture, Chemist Warehouse, Nick Scali and Rebel Sport amongst others.
MPG BW Trust
An investment in two standalone Bunnings Warehouse properties located in Blacktown, NSW (17,167 sqm) and Bundaberg, QLD (18,252 sqm)
MPG BW Trust 2
An investment in a standalone 14,228 sqm Bunnings Warehouse located in Bundamba, QLD.
MPG KM Trust
An investment in a standalone 7,037sqm Kmart store with 1,089 sqm of complimentary specialty retail tenants located in Port Macquarie, NSW.
MPG BW Newstead Trust
An investment in a standalone 16,704sqm Bunnings Warehouse property located in Newstead, QLD.
MPG Hardware Trust 2
An investment in a standalone 9,512sqm Bunnings Warehouse property located in Kingston, TAS.
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Unit Application Price: $1.00 per unit (initial application price)
Minimum investment: Minimum investment of $500,000 or $50,000 for Professional and Sophisticated Investors with an approved Accountants Certificate with units at an initial application price of $1.00 per unit.
Forecast Yield: 6.00%* (for initial $1.00 investors)
Distribution Frequency: Monthly
Investment Term: The Trust has a defined exit strategy at the end of the initial 5 year term and intends to operate a Limited Withdrawal Facility on a quarterly basis under which investors may request partial unit redemptions of up to 5% of Issued Units per quarter (20% per annum). This facility is operated at the sole discretion of MPG and is subject to liquidity.
Target Gearing: The Trust does not intend to have any borrowings at the Trust level however the underlying investments that the Trust invests in may have some gearing with at least 50% being hedged.
*Disclaimer: Please see the Information Memorandum for important information on all financial forecasts (which are not guaranteed to occur).
An investment in the MPG Property Income Trust (the Trust) may only proceed on an application form attached to Information Memorandum (IM) dated 1 September 2023 issued by MPG Funds Management Ltd (MPG) AFSL No 227 114. This brochure is general product advice only and has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. In deciding whether to invest in the Trust you should consider and carefully read the Information Memorandum, which is available on our website www.mpgfm.com.au. Please also consider seeking the advice of a licensed financial adviser before making an investment decision. Your investment may be subject to investment risk. Neither MPG nor any member of the MPG Group guarantees the return on your investment, or the gain or repayment of capital. Your investment does not represent deposits or other liabilities of the MPG Group.