Core Property has reviewed the Stirling McGraths Hill LFR Fund, the latest offering by Stirling Property Funds. The Fund invests in McGraths Hill Home, a Large Format Retail Centre located in McGraths Hill, NSW.
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The Property is an established Large Format Retail Centre, located approximately 50km northwest of the Sydney CBD, in the northwest growth corridor of Sydney. Anchored by Bunnings and Harvey Norman, as well as national retailers such as BCF, Petbarn, Repco, Beacon Lighting and Good Price Pharmacy, the Centre has a long track record of 100% occupancy.
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The Manager is targeting an average cash distribution of 7.1% p.a. over 4.5 years, with initial distributions of 5.8% p.a. in FY25 increasing to 6.7% p.a. in FY26. Capital growth is expected through targeted rental increases over the Fund term.
The Fund is seeking to raise $31.5M through the issue of 31.5M units at $1.00 per unit. The Offer is available to Sophisticated and Wholesale investors, as well as Retail investors.
Core Property has rated the Fund as RECOMMENDED.