Ingleburn Property Trust
The Ingleburn Property Trust was established to acquire a property of 39,999 sq.m, located immediately adjacent to the M31 Motorway, less than ten minutes travelling time south of its junction with the M5 and M7 Motorways. Consequently, the site has very good access to Sydney’s major arterial roads in all directions. The Property was acquired vacant. Ingleburn is a well-established industrial area in Sydney's South West. Consequently, the site has very good access to Sydney's major arterial roads in all directions.
Following Pipeclay's acquisition, the property has undergone significant repositioning and reburbishment works, most notable an additional Eastern awning and roller doors, food grade manufacturing finishes, and warehouse climate control.
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Capital Invested: $1,000 (Large Scale), $1,040 (Small Scale)
Capital Returns to date: -
Unit Value in accordance with valuation policy as at 30 June 2023: $1,400
Distribution yields are expressed as a percentage of the subscription price paid for each unit less any capital return.
1. Each 30 June the Directors of Pipeclay Lawson estimate the value of units in the Trust so that Unitholders can meet certain regulatory reporting requirements. These estimates are provided to Unitholders for this purpose only and are conducted in accordance with Pipeclay Lawson's unit valuation policy. The most recent independent valuation of the property was undertaken in February 2022. It valued the property at $62.6 million. After seeking guidance from valuers and or agents the Directors have adopted a property value of $55.5 million in determining their estimate of unit value for 30 June 2023.
2. The Forecast Income Distribution Yields are as forecast in the Information Memorandum dated 21 November 2019.
IMPORTANT NOTICE: Past performance is not an indicator of future performance.