Cannon Hill Office Trust - Open for Investment
Brisbane-based fund manager Trilogy Funds has entered into an agreement to acquire a 3,502 sqm commercial development in Cannon Hill’s Southgate Corporate Park for $22.65 million.
The fully leased complex at 38 Southgate Avenue is being offered to the market as an unlisted, single asset property trust.
Trilogy Funds managing director, Philip Ryan, said: “There has been a lot of competition in Brisbane’s commercial property market, however we have found there are still opportunities to achieve strong returns with high-quality assets. Indeed, this Trust aims to pay investors a forecast monthly net rate equal to 7.25% pa for the period from settlement (expected early August) until end of June 2018 and the year that follows ending June 2019.”