Newmark Property REIT

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Newmark Property REIT (‘NPR’) will be formed by stapling together units of the Newmark Hardware Trust (‘Hardware Trust’) and the Newmark Capital (Chadstone) Property Trust (‘Chadstone Trust’). Newmark REIT Management Limited (‘RE’) has lodged a listing application for NPR with ASX and has lodged a Product Disclosure Statement (‘PDS’) for a fully underwritten offer of stapled securities seeking to raise $128.3 million (‘Offer’). The Offer is underwritten by Credit Suisse (Australia) Limited, E&P Corporate Advisory Pty Limited, MA Moelis Australia Advisory Pty Ltd and Morgan Stanley Australia Securities Limited. The PDS and Target Market Determination are available below for potential investors located in Australia.

It is anticipated NPR will commence trading on ASX on a conditional and deferred settlement basis on 6 December 2021.

This page contains information about NPR’s Corporate Governance arrangements and information about the Offer.

Aiming to deliver consistent and growing income distributions, Newmark Property REIT offers investors access to well-located, high-quality Australian hardware and large-format retail properties leased mainly to Wesfarmers subsidiary, Bunnings.

The portfolio comprises assets held in two established unlisted property trusts:

  • Newmark Hardware Trust
  • Newmark Capital (Chadstone) Property Trust

Properties

Geographically diversified, the portfolio offers exposure to properties along Australia’s eastern seaboard in strong metropolitan and urban centres with growing populations.

Victoria

Preston

64 – 74 Bell Street, Preston

  • New freestanding Bunnings Warehouse under construction scheduled to complete in 2022.
  • Located 800m south of Northland Shopping Centre (regional) and 9km north-east of Melbourne CBD with prominent main road frontage to Bell Street.
  • Multi-level store with undercroft car parking.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 12.0 years
GLA 18,612sqm
Total site area 20,528sqm

Chadstone

675 Warrigal Road, Chadstone

  • Large-format retail centre, Chadstone Homeplus+ Homemaker Centre, that commenced trading in 2011.
  • Anchored by Bunnings Warehouse and eight other tenancies including The Good Guys, Freedom and Barbeques Galore
  • Located under 2kms from Chadstone Shopping Centre (super regional) and 17kms south east of Melbourne CBD with prominent main road exposure to Warrigal Road and immediate access to Monash Freeway.
Occupancy, by gross passing income at 30 September 2021 93.0%
WALE, by gross passing income at 30 September 2021 4.9 years
GLA 19,574 sqm
Total site area 15,176 sqm

Warragul

Corner Queen Street and Hazel Drive, Warragul

  • Newly completed, large-format retail centre that commenced trading in 2020, comprising a freestanding Bunnings Warehouse and Kmart, and seven other retailers including Adairs, The Reject Shop, MyCar, Repco and Early Settler.
  • Located approximately 100kms south east of Melbourne CBD in a growing urban centre with access to the Princes Highway.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 7.8 years
GLA 25,777sqm
Total site area 57,230sqm

Melton

Corner Melton Highway and 64 High Street, Melton

  • Freestanding Bunnings Warehouse that completed construction and commenced trading in 2021.
  • Located 42kms west of Melbourne CBD at the junction of a highway (the Western Highway) and a major road (Keilor-Melton Road).
  • Surrounding development includes a proposed large-format retail centre immediately north of the property.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 11.9 years
GLA 18,134sqm
Total site area 40,020sqm

New South Wales

Lake Haven

Corner Chelmsford Road and Pacific Highway, Charmhaven

  • Freestanding, new-format Bunnings Warehouse that completed construction and commenced trading in 2019.
  • Located within the immediate proximity of the Lake Haven Centre (sub regional) that serves a wide catchment area.
  • Located on the NSW Central Coast approximately 106kms north of Sydney CBD.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 9.7 years
GLA 16,341sqm
Total site area 23,780sqm

Eastgardens

140 – 148 Denison Street, Hillsdale

  • Freestanding, new-format Bunnings Warehouse that completed construction and commenced trading in 2017.
  • Serves a large catchment in Sydney’s affluent eastern suburbs with major barriers to entry.
  • Located 11kms south of Sydney CBD.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 7.7 years
GLA 14,920sqm
Total site area 22,600sqm

Queensland

Maroochydore

70 – 98 Dalton Drive, Maroochydore

  • Freestanding, new-format Bunnings Warehouse that completed construction and commenced trading in 2015.
  • Prominently located approximately 100kms north of Brisbane CBD and adjoining the Maroochydore Homemaker Centre, Sunshine Plaza (super regional) and proposed Maroochydore CBD development.
  • Includes an additional five large-format retail tenancies in a freestanding building.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 5.6 years
GLA 17,963sqm
Total site area 32,580sqm

Tasmania

Launceston

Corner Lindsay and Goderich Streets, North Launceston

  • Freestanding, modern-format Bunnings Warehouse that completed construction and commenced trading in 2014.
  • Located adjacent to the Launceston CBD with prominent main road exposure to the East Tamar Highway.
  • Includes an additional three large-format retail tenancies in a freestanding building, including JB Hi-Fi, Officeworks and Petstock
Occupancy, by gross passing income at 30 September 2021 100.0%
WALEby gross passing income at 30 September 2021 4.2 years
GLA 22,328sqm
Total site area 50,749sqm

Corporate Governance

Updated Information on the Offer

Refer to the PDS for all information about the Offer


Contact

INVESTOR RELATIONS

For information about the management, property portfolio and performance of Newmark Property REIT.

 +61 3 9066 3966


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OFFER INFORMATION

Within Australia: 1300 737 760

Outside Australia:
+61 2 9290 9600
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This webpage has been prepared by Newmark REIT Management Limited (ACN 644 715 382) (AFSL 526 690) (Responsible Entity) as responsible entity of each of Newmark Hardware Trust (ARSN 161 274 111) and Newmark Capital (Chadstone) Property Trust (ARSN 648 280 219) (collectively, Newmark Property REIT).  Stapled Securities in Newmark Property REIT will be issued by the Responsible Entity. This webpage is for information purposes only, is not personal financial product advice and is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein. The Responsible Entity has not considered the investment objectives, financial circumstances or particular needs of any particular recipient. You should consider your own financial situation, objectives and needs and, if necessary, obtain professional advice in relation to this information. Past performance is not a reliable indicator of future performance. You should read the Product Disclosure Statement dated 16 November 2021 (as updated or replaced) before making an investment decision relating to Newmark Property REIT. The Responsible Entity has made a target market determination (TMD) for Newmark Property REIT which is available on this webpage. No representation or warranty, express or implied, is made as to the accuracy, completeness or correctness of this webpage or as to the reasonableness of any assumption, contained in this webpage. This webpage contains certain forward-looking statements. Due care and attention have been used in the preparation of any forward-looking statements, which involve known and unknown risks, uncertainties and assumptions which are beyond the control of the Responsible Entity and its directors, and are not guarantees of future performance. Actual results may differ materially from the anticipated results and neither the Responsible Entity nor any other person gives any representation, assurance or guarantee (express or implied) that the occurrence of these results will actually occur.

Newmark Capital

Level 17, 644 Chapel Street
South Yarra VIC 3141
Email: [email protected]
Phone: (03) 9820 3344
Fax Number: (03) 9066 3999



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