News and Announcements
Insights into EG Private Wealth’s new investment opportunity
- Published May 07, 2021 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
EG Long WALE Property Trust No. 2 provides investors the opportunity to acquire two (2) Long WALE industrial assets with strong income distributions and potential for further upside on exit.
EG has successfully negotiated (off-market) lease extensions on both assets to strong covenants, adding value to the assets prior to exchange, mitigating any short-term leasing risks at an attractive acquisition price to allow for strong risk-adjusted returns in the long term.
The proposed syndicate provides for the acquisition of the following two assets:
- Bibra Lake, Western Australia
- Oakleigh South, Victoria
Key Highlights
- $30.4 million combined acquisition price
- Geographical diversification of assets in VIC (APPROX. 82.5%) and WA (APPROX. 17.5%)
- 10-year WALE on both assets
- 6.90%P.A. first-year distribution forecast paid quarterly
- 7.00%P.A. average distribution over the 5-year forecast hold period
- 5-year forecast IRR 11.25%P.A
Click here to read all the details about EG Private Wealth’s new investment opportunity.
About EG Private Wealth
EG grows the wealth of our private investors through commercial property syndication opportunities. Achieving consistent, above-average returns and capital security, EG takes a personalised and aligned approach to every opportunity.
As a team, we have invested over $250 million of private wealth in the property sector, achieving an average 27.8% IRR. The team you meet at the outset is the team who you will work with throughout the lifecycle of your investment, providing you with hands on, personalised service at every stage.
EG is committed to utilizing property technology to uncover new opportunities and to enhance returns for investors. Our proprietary risk assessment model clearly measures and prices real estate risks, providing a disciplined, data-led approach to decision making.
Our investors include sophisticated wholesale investors, trusts, SMSFs and companies who want investments that deliver strong yields and potential for capital growth in the medium to long term.
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