Realside combines the investment expertise developed over 20 years, and in excess of $2b in completed transactions, with the expertise of principals previously originating and undertaking private market investments within institutional firms as well as family offices.
The principals of Realside have been working together for many years and were previously responsible for the successful development of two multi-billion dollar investment firms; Atrium Investment Management and Primewest.
Realside continues to have an ongoing relationship with Atrium and together with its’ major shareholder, Quadrant Private Equity, Realside receives invaluable ongoing commercial support. Realside aligns itself with best in class investment professionals and continues to identify relationships and partnerships in both management and investment.
Realside Adelaide Office Fund – Offer Now Closed Fully Subscribed
Comprises a 50% interest in a $200m portfolio of 4 commercial office buildings. This is a high quality, diversified portfolio of A grade office buildings in Adelaide, purchased off market on a relatively high yield with a long, secure and diversified tenancy profile.
For the Information Memorandum Click Here
The Fund Metrics are summarised as follows:
- $50m equity raise
- 8.4% forecast year 1 cash return to investors, paid quarterly
- Target IRR 11.5% (5 years)
- NTA per unit $0.965
- Initial investment term 5 years
- Weighted average lease expiry profile of 5.7 years by income (as at 1 April 2020)
- 45% leased to the State Government of South Australia and the Commonwealth of Australia. Other Tenants include Nine Network, Viterra, & Kellogg Brown Root
- Acquired below valuation and replacement value.
- Net initial yield (fully leased) 7.26%
- 55% LVR
- There is no stamp duty payable on commercial property transactions in South Australia
- 200 bps yield spread between Adelaide and other key markets such as Sydney and Melbourne
The information applies to Realside Pty Limited (ACN 612 803 175) AFSL 493146 and its related bodies ("Realside Pty Ltd").
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