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Fortius Grenfell Car Park Trust

Key Features

7.0% p.a.

forecast distributions from years 2-5

8% - 10% IRR^

Repositioning & Remixing Strategies
^Pre-performance Fee

506

Parking Bays

Potential Development

Upside (STCA)

Overview

This represents a rare opportunity to acquire one of, if not the most successful, multi-deck car parks in the Adelaide CBD – adjacent and integrated with Rundle Place (one of Adelaide’s best retail centres) and connecting through to Rundle Mall, Adelaide’s premier retail and lifestyle shopping precinct and one of Australia’s busiest pedestrian malls.

The multi-deck car park (506 car spaces over 7 levels) is consistently performing well, currently operated by Secure Parking, and Fortius forecast we shall provide Investors with steady income and projected distributions averaging 7.0%* per annum over the Investment Term of 5 Years.

The car park is accessible from Grenfell Street and adjoins Adelaide’s premier office tower 80 Grenfell Street, currently home to Bendigo and Adelaide Bank and Elders Rural Bank. The car park customer base is drawn from the shopper accessing Rundle Place and Rundle Mall, the CBD office worker and the tourism population (domestic tourism far exceeding the international participation). Rundle Place offers the only full-line supermarket in the Adelaide CBD and South Australia’s only Apple Store.

Primarily this investment offering is focussed on secure income generation, but additionally offers significant value-add potential for future redevelopment on a major land holding (subject to Council approvals) considered separately outside our proposed Investment Period.

How to Invest

  • 1.Read our Information Memorandum (IM)

    Before investing please ensure you have read our Information Memorandum. This is available by request from Fortius investors@fortius.com.au.
  • 2.Online Application Form

    Follow the link below that will lead to our online application with Boardroom. Please complete your application based on your investor type. For more information on what details you will need for this application any payment methods, please see our FAQs.
  • 3.Sign and Return

    After you have printed and completed your online application, please return your executed signature verification document and any other additional AML or documentation required to Fortius or Boardroom.
  • 4.Complete

    Once funds your investment funds have been cleared into the nominated trust account, your application is complete. You will receive a confirmation email directly from Boardroom confirming your application is ready for Unit Allocation upon Settlement date. Should you have any questions please refer to our FAQs or contact us on:
    investors@fortius.com.au
    +61 2 9231 0399

Invest Now!

If you’re ready to invest, please click the link below and complete your online application based on your Investor type.

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FAQ's

You will receive confirmation of your application completion via email from Boardroom. This is sent once all required supporting documentation, signatures and funds have been supplied. However, the number of units allocated will only occur after the settlement of the Property. This date will be indicated on correspondence from Boardroom.

The investment is available to ‘Wholesale Investors’ only, with minimum investment being $100,000.

Before you begin your online application we recommend having the following information ready:

  • email address
  • your driver licence, passport or Medicare card (for individual or joint Investors)
  • your company name, ABN and registered office address – refer to your ASIC certificate or https://abr.business.gov.au (for companies)
  • your super fund name, address – refer to your SMSF registration or https://superfundlookup.gov.au (for super funds)

Once complete, you will be emailed your signature specimen page to sign, scan and return by email to Fortius. If you are a trust (investor type) you cannot be e-verified and will need to supply AML documents separately (this will be outlined to you during the online application process).

Payment Methods include either cheque or Electronic Funds Transfer (EFT). The bank details can be found on your Signature Verification Document or from the Trust’s Information Memorandum.

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