Ovest Industrial Fund No. 1

Realside Property Pty Ltd is pleased to present the opportunity to invest in Ovest Industrial Fund No. 1 (Fund).

The Fund aims to acquire a portfolio of Western Australian industrial assets totalling c.$100m. The Fund will gain its exposure through the acquisition of both completed buildings and vacant land which is zoned for industrial development. Vacant land development assets will be “developed to own” and generate income on completion and be held by the Fund over the term of investment. The Fund will secure lease pre-commitments prior to commencing development.

This opportunity has been created via a collaboration between Realside Property Pty Ltd (Realside) and Hero Properties Pty Ltd (Hero). This partnership brings together the development and asset management expertise of Hero and the investment management expertise of Realside, creating an investment management platform named Ovest Industrial Pty Ltd or “Ovest”.

Ovest will be an integrated industrial property developer, asset manager and investment manager for the Fund.

The Fund will:

• Invest in both completed and development stage industrial assets in Western Australia.
• Provide a predictable return profile over time and superior risk-adjusted returns.
• Acquire both completed and development stage assets (vacant land). Vacant land development assets will be “developed to own” and generate income on completion.
• Source tenant pre-commitments which will underpin the developments.
• Completed assets may require refurbishment to reposition and re-tenant with higher rental yield.
• Provide a value increase upon completion of construction on development stage assets and on completion of refurbishment of completed assets.