The Steelmakers' Trust
On 31 January 2019, the Emu Plains Property Trust acquired a second property tenanted by BlueScope Steel in South Granville, Sydney. The trust subsequently changed its name to The Steelmakers' Trust. The Trust continues to own a property located Emu Plains (the "Emu Plains Property"), which has excellent access to the M4 Motorway (details of which can be found here). In addition, the Trust acquired a general industrial site in South Granville (the "Granville Property") on 1 February 2019.
In July 2022, following the sale of the property, the Trust will be wound up with a final unit value of approximately $4,385 and IRR to investors of approximately 47.19%.
Units were issued for $1,570 and upon liquidation, will have returned approximately $5,183 per unit to investors.
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 in accordance with the valuation policy using the latest valuation for mortgagee purposes. The properties were sold as part of a portfolio sale on 21 December 2021. for $115.5 million. The Directors have adopted this property value in determining their estimate of 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 Steelmakers’ Property Trust acquired the property on 31 January 2019, the Actual and Forecast Income Distribution Yields for the financial year ending 30 June 2019 are annualised.
3. The Forecast Income Distribution Yield are as forecast in the Information Memorandum dated 20 November 2018.
IMPORTANT NOTICE: Past performance is not an indicator of future performance.