Specialist fund manager Trilogy Funds has introduced a new offering giving investors access to Brisbane-based commercial property.
The Trilogy Central Trust is looking to provide investors a yield of 8 per cent per year and has launched the managed fund with the purchase of the Tower Central building that incorporates the Ipswich post office and clock tower.
The new fund is expected to facilitate the continued interest shown from SMSF trustees in Trilogy’s commercial property trusts to date.
According to the manager SMSF trustees are favouring its commercial property trusts in their search for higher income returns and diversification benefits.
Trilogy Funds managing director Philip Ryan said the targeted 8 per cent yield per year is “in stark contrast to other asset classes delivering lower returns, which we know from our investors has them searching for yield.”
Ryan cited the tenancy of the building acquired by the Trilogy Central Trust as another real benefit.
“The office has a number of tenants including Australia Post and Bendigo Bank which holds 70 per cent of the net lettable area,” he said.
“The location of the asset is also advantageous, with Ipswich being Queensland’s fastest growing city.
“Ipswich is also an SEQ employment hub and the commitment of businesses like Bendigo Bank to the area are serving to underpin this growth and attract investment.”
The new offering has a minimum investment amount of $20,000 and adds to Trilogy’s two other property trusts with assets in the Melbourne office market.
