Commercial property investment fund launched
Momentum Wealth’s partner company, Mair Property Funds, has launched its latest investment fund, the MPF Retail Fund.
The aim of the fund is to provide investors with strong and secure investment returns from a quality selection of commercial retail centres with solid income returns and high potential for capital growth.
The first asset that MPF has secured (under contract) for the fund is a quality shopping centre in one of the fastest growing areas of South East Queensland.
The property is in a prominent location on a major arterial route in an area with a strong demographic profile and is less than 1 kilometre from the Petrie University precinct.
Key tenants in the property include McDonalds, IGA and a medical centre and the fund offers projected distributions of 7.5% per annum paid quarterly.
The fund is open to retail investors with a minimum investment of $50,000.
The launch of the MPF Retail Fund comes on the back of the success of MPF’s MPS Diversified Property Trust.
Earlier this year, MPF purchased its third asset for the MPS Diversified Property Trust. The capital raising for the third asset was strongly supported by investors and closed oversubscribed.
If you’d like to find out more about the MPF Retail fund please call David Ellwood on 9321 5566 or email firstname.lastname@example.org