Asset 20 (Braeside, Victoria) – Sales and Marketing Update

1 November 2013

As stipulated in our web update of 23 July 2013 (below), Asset 20 is a 29-hectare industrial estate situated in Braeside, Victoria, which consists of six lots averaging approximately 4.8 hectares. Lot U (approximately 5 hectares) was subdivided into 34 retail sub-lots in June 2012 and has been the subject of a comprehensive sales and marketing campaign.

All remaining lots comprising Lot U are subject to unconditional contracts of sale, as summarised below:

Lot No. Area (Sqm) Deposit Status Expected Settlement Date
13 1,279 10% Exchanged 27 January 2014
14 1,243 10% Exchanged 27 January 2014
15 1,184 10% Exchanged 27 January 2014
16 1,102 10% Exchanged 27 January 2014
17 1,051 10% Exchanged 27 January 2014
18 1,242 10% Exchanged 27 January 2014
19 2,808 10% Exchanged 15 November 2013
20 2,106 10% Exchanged 15 November 2013
21 1,686 10% Exchanged 15 November 2013
22 1,499 10% Exchanged 15 November 2013

The marketing of the estate is being undertaken by the receiver and manager appointed by the Fund in accordance their statutory obligations to ascertain and obtain market value. The prices achieved to date are in line with valuations obtained by the receiver and manager from time to time and reflect the fair market value of these lots.

A summary of the position in relation to Lot U is as follows:

Status No. Sale Price ($) Area (Sqm) Area (Ha)
Settled 24 8,334,528 34,835 3.48
Exchanged 10 2,987,820 15,200 1.52
Total 34 11,322,348 50,035 5.00

Marketing of the development super-lots (Q, W, X, Y and Z) will commence in early November through a public ‘Expressions of Interest’ campaign closing on 11 December 2013. The campaign will be led by Savills and will feature advertisements in leading print and internet media outlets, including The Age, Property Review Weekly and realcommercial.com.au.

A summary of super-lots Q, W, X, Y and Z is as follows:

Lot No. Area (Sqm) Area (Ha)
Q 24,010 2.40
W 41,680 4.17
X 69,650 6.97
Y 41,790 4.18
Z 55,720 5.57
Total 232,850 23.29

Examples of the marketing collateral to be published in the press and distributed via email and hardcopy brochures can be viewed by clicking on the links below.

Should you have any enquiries, please call Balmain Trilogy Client Services on 1800 194 500 or email contact@balmaintrilogy.com.au

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