Castlerock Services Australia Fund

2008
year established
$
62m
total asset value
7
properties
95% occupancy
13.5% minimum investment

Fund summary

The Castlerock Services Australia Fund was launched in 2008 with the objective of building a portfolio of Commonwealth Government (Centrelink) leased assets located throughout Australia to provide investors with a stable and growing income stream, and long term capital growth.

Key Features
  • Attractive distribution yield with tax advantages
  • Rental income underpinned by the Commonwealth Government
  • Quality, highly specified, environmentally sustainable assets
  • Property Location diversification throughout Australia
  • Highly experienced management team of Government-leased assets
  • Track Record - 10 years of growing quarterly distributions

Fund Overview

Fund Type
Unlisted Unit Trust
Investments
Commonwealth Government leased assets
Debt Strategy
Less than 50%
Investors
Wholesale & Sophisticated
Minimum investment
$100,000
Distribution Frequency
Quarterly
Performance to date
13.5% IRR
Current Distribution Rate
4.0 cents per unit
Current Unit Price
$0.81
How to apply

Contact us to register interest

Investment Overview

Total Asset Value
$62 million
No. of Assets
7
Total Net Lettable Area
9,773sqm
Tenant Profile
Commonwealth Government
Occupancy
100%
Property Locations
VIC, NSW, QLD, WA, SA, TAS

Existing Investors

Please Log-in to access the following information:

  • Quarterly Updates
  • Distribution Statements
  • Tax Statements
  • Financial Reports

Prospective Investors

The fund will open again when a new property investment is secure. To register your interest Contact us

Fund directors

  • Carl Colour

    Carl Rooke

    Independent Chairman

    Carl is a former National Chairman of Horwath Australia and currently acts as a consultant to BDO Chartered Accountants. Carl commenced his career in Chartered Accounting in 1970 and established his own firm in 1974. Carl is a Director on a number of large private company boards and is a Fellow of the Institute of Chartered Accountants and the Institute of Company Directors. Carl has a history of successful business practice with over 30 years' experience in management, accounting and finance.

  • Hank Colour

    Hank Bronts

    Executive Director

    Hank has been successfully providing property development and asset management services in the government sector space since 1990. During his career, Hank has delivered and managed more than 30 buildings, advising on equity and debt finance, project feasibility, site selection, planning, design, construction and asset management.

  • Pearce colour

    Pearse Morgan

    Non-Executive Director

    Pearse has gained extensive experience in funds management, property development and investment, having been involved in raising funds for commercial office developments and investments, and ongoing finance and accounting roles since 1990. Pearse is a Fellow of the Institute of Chartered Accountants, and a member of the Institute of Company Directors.

  • Jason Colour

    Jason Bronts

    Executive Director

    Jason brings experience in funds management, property development and property finance, having worked for Macquarie Bank in Sydney, KordaMentha in Melbourne, Legal & General Investment Management in London and more recently with Castlerock. Jason holds bachelor’s degrees in Commerce and Engineering

  • Vince colour

    Vince Peluso

    Non-Executive Director

    Vince has 46 years’ experience in the financial services sector and is a retired director of RGM Financial Group where he specialised in financial planning and compliance since 2001. Prior to RGM Vince was employed by Westpac for 28 years in management positions within corporate and commercial finance.

  • Peter Colour

    Peter Ryan

    Non-Executive Director

    Peter was a long-serving Member for Gippsland South, representing the electorate for 22 years. During this time Peter served as Leader of the Victorian Nationals for 15 years, and from 2010 to 2014 was the Deputy Premier of Victoria. Peter has a deep knowledge of corporate and political governance based on 20 years in legal practice prior to a career in politics and is a highly skilled negotiator and trained and qualified mediator.

  • Carl BW
  • Hank BW
  • Pearce BW
  • Jason BW
  • Vince BW
  • Peter BW

Properties

Boronia

Boronia


  • Property address
    3 William Street, Boronia, Victoria, 3155
  • NABERS rating
    5
  • Site area
    2,330m2
  • Tenants
    Department of Human Services
    (1,094m2)
Brunswick

Brunswick


  • Property address
    172 Moreland Road, Brunswick, Victoria, 3056
  • NABERS rating
    5
  • Site area
    3,291m2
  • Tenants
    Department of Human Services
    (4,218m2)
Carnarvon

Carnarvon


  • Property address
    76 Robinson Street, Carnarvon, Western Australia, 6701
  • NABERS rating
    4.5
  • Site area
    1,510m2
  • Tenants
    Department of Human Services
    (680m2)
Glenorchy

Glenorchy


  • Property address
    451 - 455 Main Road, Glenorchy, Tasmania, 7010
  • NABERS rating
    5
  • Site area
    2,373m2
  • Tenants
    Department of Human Services
    (799m2)
    Tasmanian Electoral Commission
    (336m2)
Goodwindi

Goondiwindi


  • Property address
    31 Marshall Street, Goondiwindi, Queensland, 4390
  • NABERS rating
    5
  • Site area
    1,226m2
  • Tenants
    Department of Human Services
    (600m2)
Port Pirie

Port Pirie


  • Property address
    49-57 Gertrude Street, Port Pirie, South Australia, 5540
  • NABERS rating
    5.5
  • Site area
    1,324m2
  • Tenants
    Department of Human Services
    (950m2)
Warragul

Warragul


  • Property address
    42 Queen Street, Warragul, Victoria, 3820
  • NABERS rating
    4.5
  • Site area
    1,717m2
  • Tenants
    Department of Human Services
    (792m2)

Disclaimer

This information has been prepared by Castlerock Investment Management Limited ACN 125 737 091 AFSL 318368 (CFM) for information purposes only and does not take into account your individual objectives, financial situation or needs. This website is not an offer to sell or a recommendation to purchase units in the Trust. Before investing you should read the Information Memorandum in full and consider you own objectives, financial situation and needs including obtaining independent financial, taxation and legal advice before making any decision about whether to acquire units in the Trust.