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MPF Diversified Property Fund No.2 re-opened for new investment

Friday, 24th May 2019

We are pleased to announce that our sister company, Mair Property Funds, has recently re-opened investment in the MPF Diversified Property Fund No.2 following the acquisition of two further assets.

Created to acquire a diverse portfolio of commercial property assets across different industries, the fund already holds a number of high-performing properties, including a First Choice Liquor in the suburban area of Falcon in WA, a new warehouse facility in the industrial precinct of Crestmead in Brisbane, and a medical laboratory in Virginia, Queensland.

The two new assets acquired into the fund include a purpose-built office and logistics warehouse facility located in Henderson WA, and a quality designed  industrial building located in the highly regarded industrial zone in Welshpool WA.

Tenanted respectively by leading marine, offshore and logistics group SINWA and Capital S.M.A.R.T Repairs, both assets hold excellent lease covenants, and are well position to further diversify and strengthen the fund’s existing tenancy structure.

With the new assets providing exposure to two different industries as well as expected long-term tenancies, the MPF team are confident these additions will provide investors with strong income security and add to the long-term potential of the trust.

The properties take the fund’s asset value up to $28.4 million, with MPF’s long-term strategy being to build a well-balanced and diversified portfolio up to a total value of circa $60 million.

With MPF Diversified Property Fund No.2 already forming one of MPF’s most popular trusts, the team are anticipating high levels of interest during the raising and are expecting units to be committed quickly.

If you are interested in learning more about this exciting investment opportunity, find out more at http://www.mair.com.au/diversified/