Eildon Capital Group (ASX:EDC) - Managing Director, Mark Avery
Managing Director, Mark Avery
Source: EDC
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  • 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.

EDC by the numbers
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