Our most established fund aims to optimise total returns with a low-risk portfolio of Commonwealth Government (Services Australia) leased assets beyond Australia’s CBDs.
Castlerock Services Australia Fund
Capitalising on an opportunity to develop and acquire quality social infrastructure in prime beyond-CBD locations, the Castlerock Services Australia Fund was launched in 2008. The fund’s objective was to build a strong and stable portfolio of Commonwealth Government-leased assets (occupied by Services Australia), providing investors with a stable, long-term income streams and opportunities for capital growth.
Total fund size1
$
057
million
Number of assets1
06
Occupancy1
9797
%
Fund status
Closed
Current distribution rate2,3
5.415.41
%
IRR since inception1,3
13.213.2
%
WALE1
5.255.25
years
Average NABERS rating1
5.55.5
stars
- As at 31 December 2024.
- Yield of 5.41% is based on an annualised distribution rate of 4.0 cents per unit and a unit price of $0.74.
- Past performance is not a reliable indicator of future performance.Actual returns may differ from the forecast.Distributions will be paid if declared by the Responsible Entity and are subject to the Responsible Entity’s discretion. The payment of distributions on a quarterly basis (or at all) is not promised or guaranteed.
Fund Overview
Fund Type
Open ended unlisted Unit Trust
Investments
Assets leased by Services Australia
Debt Strategy
LVR between 30% - 50%
Investors
Wholesale
Minimum Investment
$50,000
Distribution Frequency
Quarterly
Current Distribution Rate
4.0 cents per unit
Current Unit Price1
$0.74
- Unit price as at 31 December 2024.
The information on this page is a summary only of certain features of an investment in the Fund, and the information provided may be subject to or qualified by certain matters which may be material or significant. You should read the Product Disclosure Statement issued for the Fund carefully and obtain professional investment advice before making any investment decisions. Any information or representation not contained or taken to be contained in the Product Disclosure Statement should not be relied on.
Castlerock’s clearly defined government-based investment approach delivers value and performance to investors.
Castlerock’s investment strategy is backed by over 20 years’ of experience. With the Castlerock Services Australia Fund, we solely focus on properties leased by Services Australia (formerly Centrelink). We develop, manage, and lease the high-quality social infrastructure they require in ideally suited locations, while our full-circle approach caters to their needs at every touchpoint. This targeted strategy drives excellent retention and delivers consistent quarterly returns.
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With industry, legal, and financial expertise, our board ensures strong governance and diligent oversight.
Our Board Members help ensure Castlerock’s operations stay aligned with our strategic goals. Guided by our core values—creating positive experiences, driving value for all, and seeking continuous improvement—they focus on sustainable practices, building strong connections with stakeholders, and delivering positive outcomes for investors and communities.
Our Properties
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Properties within the Castlerock Services Australia Fund
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Our Board Members
With industry, legal, and financial expertise, our board ensures strong governance and diligent oversight.
I was attracted to Castlerock’s ethos of investing in fully government tenanted, office real estate in strong growth areas of regional Australia. The impressive dividend returns have been consistent over the years and continue to be so.
—MH, Bulleen, Castlerock investor since 2013
Frequently Asked Questions
$0.74. As at 31 December 2024.
5.41% 1,2
- Yield of 5.41% is based on an annualised distribution rate of 4.0 cents per unit and a unit price of $0.74.
- Past performance is not a reliable indicator of future performance. Actual returns may differ from the forecast. Distributions will be paid if declared by the Responsible Entity and are subject to the Responsible Entity’s discretion. The payment of distributions on a quarterly basis (or at all) is not promised or guaranteed.
13.1%
Quarterly¹
1. Distributions will be paid if declared by the Responsible Entity and are subject to the Responsible Entity’s discretion. The payment of distributions on a quarterly basis (or at all) is not promised or guaranteed.
Long-term: 5 to 10 years
Access information via the online Investor Portal or contact Castlerock at +61 3 8639 9100.
You can update your details, view your holdings, and download statements using the online Investor Portal.
Contact Castlerock at +61 3 8639 9100 or email investor@castlerockproperty.com.au.
Full financial report: 30 September
Email: investor@castlerockproperty.com.au
Phone: +61 3 8639 9100
Yes. Distributions can be reinvested or paid via EFT into your bank account.
The Responsible Entity offers Annual Limited Withdrawal Offers and 5-Yearly Periodic Exit Opportunities¹
1. In exceptional circumstances, the Responsible Entity may suspend 5-Yearly Periodic Exit Opportunities or Annual Limited Withdrawal Offers.The ability to withdraw your investment in whole or in part is therefore not guaranteed.
Each asset is valued at least once a year or on significant events. Castlerock does not use the same valuer more than 3 times in a row for diversity.
CSAF is currently closed.