Chullora Land Trust
The Chullora Land Trust was established to acquire a significant industrial property (35,730 sq.m) adjoining the Chullora Business Park. The site is located 9.5 kilometres south east of the Parramatta CBD, 18 kilometres west of the Sydney CBD and 13 kilometres north-west of Port Botany. The Property has excellent road links with close proximity to both the M4 and M5 Motorways, together with the Hume Highway and Centenary Drive. The site includes a red brick warehouse facility with a gross lettable area of 19,910 sq.m, which is divided into three warehouses, a mezzanine, and an office at the front of the site.
Chullora’s central location makes it ideal for manufacturing and distribution operations. Chullora is consequently home to many companies including Volkswagon, Tip Top Australia, Primo Small Goods, Volvo and Bridgestone. Australian Post also has a major delivery centre adjacent to the McWilliam’s bottling plant.
In July 2022, following the sale of the property, the Trust was wound up with a final unit value of $9,040.81 and IRR to investors of 45.85%.
Units were issued for $1,000 and upon liquidation, had returned $10,611 per unit to investors.
Distribution yields are expressed as a percentage of the subscription price paid for each unit less any capital returns.
1. Each 30 June the Directors of Pipeclay Lawson estimate the value of units in the Trust in accordance with the valuation policy using the latest valuation for mortgagee purposes. The property was sold as part of a portfolio sale on 21 December 2021, for $78 million. The Directors have used this property value in determining their estimate of the unit value for 30 June 2022.
2. The Actual Income Distribution Yield is the Actual Income Distributions divided by the Average Capital Invested during the year. The Chullora Land Trust completed the acquisition of the property on 12 September 2014, the Actual and Forecast Income Distribution Yields for the financial year ending 30 June 2015 are annualised.
3. The Forecast Income Distribution Yield are as forecast in the Information Memorandum dated 12 September 2014.
4. The yield shown for 2017 is the average of the weighted yield paid to November 2016 and then for the balance of the year.
IMPORTANT NOTICE: Past performance is not an indicator of future performance.