QUANTACAST Episode 11 | February 2025

Welcome to the latest episode of the Quantacast! In this edition, our team delves into an exciting new opportunity – a state-of-the-art cold storage transport and logistics facility in Paget, Mackay.

COO Tim MacKinley, CEO Stacey Jones, and Head of Property Investments Chris Carrigan break down the details of this highly sought-after investment, which offers a compelling 5-year average net distribution forecast of 9.00% per annum. Starting at 8.50% net in Year 1 and rising to 9.50% net by Year 5, this opportunity is structured to provide both income security and capital growth.

Situated on a 5,420 sqm site, the facility features a 3,717 sqm building area and is leased to PFD Food Services, a wholly owned subsidiary of Woolworths Group.

The purchase price reflects a significant discount to the estimated replacement cost. To build the same facility today, we expect an economic rent exceeding $350 psm net would need to be achieved, compared to the base rent of $240 psm net. Built in 2011, the property also offers favourable depreciation benefits, resulting in an estimated 100% income tax deferral in Year 1 and over 90% income tax deferral over the trust term.