Rockbank, VIC

Future industrial development site

The Security Property comprises 66.4ha of englobo land and has been identified in the Western Growth Corridor Plan, as including 27.5ha of 'Urban Growth Zone' land for future industrial use.

The Security Property is surrounded by existing planned and under construction residential and industrial estates. Of particular note is the Dexus Industrial Estate to the west of the Security Property which is anchored by an Amazon distribution facility.

The Borrower Group is one of the largest developers of industrial land in Melbourne. The Group has been established for over 50 years.

The Group have a substantial development and investment portfolio and have successfully completed multiple industrial developments with a total value well in excess of $1bn.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner.

• The Loan was advanced at a Loan to Value Ratio of 61%.
• The Target Return is 9.45% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several guarantees and a General Security Agreement over the Borrower.
• Interest for the Term of the Loan has been lodged on deposit with the Manager.
• The Loan Term is 11 months, subject to early or late repayment, from 19 April 2024 to 13 March 2025.

Investment Details

• Target Return

  9.45% net

• Loan to Value Ratio

  61%

• Term

  9 Months

Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.

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