News and Announcements
Acure Funds Management Ltd Closes Their Offer Oversubscribed
- Published October 09, 2014 2:25PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Acure Funds Management Ltd is pleased to announce that Outback Unit Trust settled on the purchase of 55% of the units in the Apartment 66 Unit Trust (Outback Newman) and OTC Carnarvon Unit Trust (Outback Carnarvon) after the completion of an oversubscribed offer. Acure Funds Management Ltd as trustee for the Unit Trusts look forward to delivering quarterly distributions to all unit holders.
As part of the roll out of a network of the BP supported Outback Travel Centres(OTC) in the Northwest of Western Australia, the Vendors and 45% Owner, have commenced construction of a new Outback Travel Centre in Karratha.
Acure Funds Management Ltd have commenced putting together an Information Memorandum(IM) to acquire 51% of the Karratha property.
Below is a Summary of the recently settled transaction.
- Purchasing 55% of the properties that operate as Outback Travel Centre Carnarvon and Newman for $10.45m in equity
- Current Vendors are retaining 45% – $8.55m
- Total valuation of properties – $26.25m
- First year Forecast Distribution – 14.1% payable quarterly
- Average (7yr) Distribution – 15.8% pa payable quarterly
- Projected IRR – 17.4%
- First year loan to value ratio (LVR) – 35%
- Weighted Average Lease Expiry – 14.6 years
If you would like to register your interest in Acure Funds Ltd management please click here.
Company Updates
Built on discipline, not complexity: inside an ASX equities income strategy
Haydn Froggatt and Zac Brabin have decades of derivatives experience between them and access to almost any strategy in the market. They use two of the simplest structures available, and wrote 202 positions with them last year. Published by Fairway Capital Management. Based on an interview with co-founders Haydn Froggatt and Zac Brabin. Two traders, […]
BlackRock has named the next Economy. What this latest paper means for Private Market Investors.
BlackRock has put a name on something the smart money has been circling for two years. Its digital assets research team calls it the machine-native economy. The thesis fits in one line. AI is machine-native intelligence. Digital assets are machine-native money. Both are built on the same architecture, and they are converging into a single […]
Where’s the beef? Blackstone just answered the AI question.
In 1984, a fast food ad asked a question that became a catchphrase. Where’s the beef? Jon Gray, President of Blackstone, used that line this month in front of global LPs. It is the question every capital allocator is asking about AI. Trillions of dollars are going into chips, data centres and power. That is […]
Backed By Leading Investment Groups and Family Offices
