Join our daily newsletter At The Bell to receive exclusive market insights
- Eildon Capital Group (EDC) advises $31.8 million has been raised for its new EAM Caboolture Property Fund, which just acquired Caboolture Shopping Village
- Eildon Asset Management, as trustee for the Eildon Asset Management Trust, completed the raise for the new, unlisted, seven-year, fixed-term direct property fund
- EDC says the shopping centre the fund acquired has a value of $55.8 million, has a Coles and Chemist Warehouse attached, while distributions are forecast to reach 7 per cent
- The real estate investment group’s Assets Under Management (AUM) is now $320 million while the distribution for quarter-end is 2 cents per stapled security
- Shares in Eildon Capital Group (EDC) opened Thursday trading at $1.04 each
Eildon Capital Group (EDC) advises $31.8 million has been raised for its new EAM Caboolture Property Fund, which just acquired a new shopping centre.
Eildon Asset Management, as trustee for the Eildon Asset Management Trust, completed the raise for the new, unlisted, seven-year, fixed-term direct property fund.
EAM Caboolture Property Fund bought the Caboolture Shopping Village in Queensland, with the facility valued at roughly $55.8 million.
The shopping centre has a Coles attached and tenants such as Chemist Warehouse, KFC and PETstock.
Additionally, the forecast lease expiry for the centres is 10 years with distributions forecast to reach 7 per cent per annum once it’s complete.
Following the acquisition of the Caboolture Shopping Village, EDC’s Assets Under Management (AUM) now totals $320 million.
The real estate investment group also revealed the distribution for the December quarter-end is 2 cents per stapled security.
Shares in Eildon Capital Group (EDC) opened Thursday’s trading session at $1.04 each.
