Reopening for investment in early 2022
The APIL Essential Retail Income Fund is our third multi property investment fund. The aim of the Fund is to acquire multiple properties to a portfolio target size of $100.0m.
The Fund intends to acquire property from multiple Australian cities, providing diversification by geographic location and exposure to alternate property markets. APIL’s investment strategy is to acquire properties with high tenant appeal where in the event of vacancy, it is likely to be re-tenanted within a normal market period.
The Fund’s first asset, Woolworths Coolbellup Village Shopping Centre, is a strategically located neighbourhood shopping centre in Perth’s south metropolitan area and in close proximity to Fremantle. The recently constructed centre is anchored by Woolworths on a 15 year lease with six additional tenants including a pharmacy, fast food options and personal grooming services.
The second acquisition is an 15 Dwyer Turn, Joondalup WA. Conveniently located adjacent to the busy Lakeside Joondalup Shopping Centre and tenanted by Officeworks, The Reject Shop and four specialty stores this property occupies a 9,800sqm site.
The Fund has been “Recommended*” by independent property rating agency Core Property. Please click here to view the report.
*The Core Property rating (assigned in November 2021) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.