Acacia Self Storage Fund
Industrial Property
Register InterestAustralia: The Offer is made to, and may only be accepted by, persons classified as sophisticated investors or professional investors as defined under the Australian Corporations Act 2001 ("the Act"), or any person in respect of whom the Offer does not require disclosure under Chapter 6D of the Act. If you are not a sophisticated investor or professional investor for the purposes of section 708 of the Act, any application that you make to acquire shares in the company may not be accepted. You must provide a certificate certifying that you are a sophisticated investor or professional investor for the purposes of section 708 of the Act before any such application will be considered.
New Zealand: The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more. If you fall within Schedule 1, clause 3 of the FMCA as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
The Acacia Self Storage Fund (The Fund) is an unlisted wholesale unit trust offering wholesale investors exposure to two complementary self-storage investments in Victoria. Acacia develop and hold Self Storage Assets in Victoria, Australia.
The Fund will acquire a 50% interest in the Acacia Pakenham Self Storage Fund (the operational asset) and provide a preferred equity facility for the ready-to-build 417-unit self-storage development at 83–89 Murradoc Road, Drysdale on the Bellarine Peninsula.
- The Pakenham asset is a completed 292-unit self-storage facility located in Melbourne's fast-growing south-east corridor, currently ~ 75% occupied and progressing through lease-up.
- The Drysdale investment is a $2,100,000 preferred equity loan funding a 417-unit ready-to-build development on the Bellarine Peninsula, secured by a second mortgage and personal guarantees from the Sponsors.
Investors are exposed to both assets through a single subscription, with the Pakenham investment offering growth potential via equity participation and the Drysdale facility providing a fixed 15% per annum coupon over 15 months. The Fund holds no borrowing at its level; however, both underlying assets are leveraged with senior debt capped at 65% loan-to-value ratio (LVR) for Pakenham and 68% LVR for Drysdale.
The Fund targets a net IRR above 15% per annum and an equity multiple of 1.38x over the investment term.
- The Pakenham asset targets a 15.25% IRR over 36 to 48 months.
- The Drysdale investment; provides a fixed 15% coupon over 15 months.
The blended base case return is approximately 16.1%, with the target return set conservatively below this estimate.
Distributions are expected quarterly, commencing around Q4 2027, primarily from the Pakenham asset as it progresses through lease-up. The Drysdale loan accrues returns and repays principal at maturity, so it does not generate periodic income during the term. Capital is expected to be returned progressively: distributions from Pakenham from late 2027, and realisation of Pakenham units between months 36 and 48. Repayment of Drysdale principal and accrued return around month 15.
For more information or to discuss with the Manager of this offer please register your interest below.
