Westbridge Total Return Fund

Shorter-term fund focused on
Total Return

Target 10% to 12% IRR*
(Internal Rate of Return) what’s IRR?

We are pleased to open this popular commercial property fund for new investment pending the acquisition of three new assets to expand the Fund’s portfolio.

The Fund is focused on delivering a “Total Return” to investors comprising a mix of monthly income and capital growth.

The fundamental strategy is to purchase properties with potential to add value, and actively reposition them to access rental and capital uplift.

The Fund is looking to secure up to $100 million in assets, with a focus on high-demand sectors including medical, industrial, last mile logistics and neighbourhood retail.

Following the purchase of three assets in South Australia and Queensland, the Fund has now agreed terms to acquire two high-performing healthcare assets in Western Australia and a last mile logistics facility located just 3km from Melbourne’s CBD.

Target Equity Raise: $14.7 million
Minimum Investment: $100,000
Open to wholesale investors (what’s a wholesale investor?)

Assets with value-add potential

Through our comprehensive research and market expertise, we’ve identified significant potential across various commercial sectors where low supply, robust tenant demand and limited new construction are creating favourable conditions for growth.

Our strategy is to identify underperforming assets across these markets and reposition them to maximise their upside potential.

Each property will exhibit strong foundational qualities and meet one or more of the following criteria:

  • Australia-wide assets where there is strong tenant demand and lack of supply;
  • Potential for upgrades or capital improvements to increase income and/or value;
  • Currently under-rented with potential to re-set rents to drive income growth;
  • Properties with a design that is generic and suitable for multiple business occupations;
  • To be acquired at or below replacement cost.

In addition, the Fund’s assets will also offer an income stream through their existing tenancies, enabling the delivery of monthly distributions whilst we focus on executing the value-add strategies.

Target Returns*

The target investment return of the Fund is between 10% and 12% internal rate of return (‘IRR’)*.

This will be delivered through a mix of monthly income distributions and capital growth, driven by the repositioning and resultant targeted value uplift of assets.

Once repositioned, assets may either be re-geared and held for income until Fund expiry or sold down to release equity immediately. These funds may then be re-invested in further property assets, or distributed to investors as special distributions, depending on the opportunities available.

*The target IRR is the targeted return of the Fund once all assets are sold and the fund is wound up. The target IRR includes monthly and any special distributions paid as well as capital returned from asset sales. Special Distributions are subject to Fund Strategies being achieved as outlined in the IM. The target timeframe of the Fund is approximately 4 years from commencement with the intention to sell down the assets of the fund by June 2027 and return funds to investors. The above graph shows percentage returns based on the unit price of $1.08 with the final distribution paid, shown net of Investors initial investment. Target returns are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. The target return range is a target only, not a forecast and it might not be achieved. Please refer to the Information Memorandum for more information, noting the section on financial information and risks before deciding whether or not to invest.

ASSET OVERVIEW

First Choice Liquor & Hampstead Hotel, SA

Settled

A standalone First Choice Liquor Store and full-service bar and Bistro leased to Queensland Venue Co. – a joint venture between Coles Group and Australian Venue Co. The asset was strategically selected to offer a blue-chip income stream to establish the Fund with potential for capital growth through capital and leasing works.

Refrigerated Logistics Facility, QLD

Settled

Providing exposure to Brisbane’s sought-after industrial sector, 160 Benjamin Place is a fully leased refrigerated logistics facility located in the Australian TradeCoast. This sub-market has experienced strong occupier demand due to a market-wide shortage of refrigerated warehouse facilities, supporting opportunities for income and capital uplift.

Sinnamon Park Retail Centre, QLD

Settled

An established neighbourhood retail centre with exposure to a diverse mix of convenience and daily needs retail tenants. Situated 14km from Brisbane’s CBD, the Centre provides significant value-add potential through leasing and capital works, including the re-leasing of a vacant medical tenancy and options for Centre expansion.

Sundew Day Surgery, WA

In Due Diligence

A modern, purpose-built day hospital located in Joondalup, Western Australia. Leased to national healthcare operator, Nexus Hospitals, the facility presents a prime opportunity to purchase a quality medical asset at what we believe to be a softening in the market cycle.

Modern Industrial Facility, VIC

In Due Diligence

A last mile logistics facility strategically located on the high-density fringe of Melbourne’s CBD. The asset comprises a combination of office, warehouse, and sought-after cold storage space, with significant opportunity for value uplift through flexible repositioning opportunities.

Forrest Family Practice, WA

In Due Diligence

A multi-purpose medical asset located in the fast-growing regional centre of Bunbury in Western Australia. The asset offers a blue-chip income stream with a robust WALE of 7.39 years, and is well positioned to capitalise on strong growth fundamentals across WA's medical sector.

Register your interest in the
Westbridge Total Return Fund

Simply complete the form below to register your interest and
receive a copy of the Information Memorandum.

    By returning this EOI form to Westbridge Funds Management, you will receive a copy of the Information Memorandum (IM). A completed EOI form is neither binding on you to subscribe for units, nor does it guarantee a full allocation of units pursuant to the issue of the IM. An allocation of units is subject to completion and receipt of an Application Form as contained in the IM. The Issuer will allot the units subject to availability following closure of the Offer and subsequent scaling (if any).
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