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APIL Essential Retail Income Fund

APIL Essential Retail Income Fund

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 was 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.

 

  • Location MULTIPLE
  • Year of purchase 2021
  • Land holding 28,785 SQM (combined)
  • Minimum investment $50,000

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