• Basil Property Trust was launched in April 2015 as a
Private REIT and a follow-on program to Securus Data Property Fund
after
the successful REIT IPO exit.
• The Fund thesis was designed to aggregate a portfolio
of
income-generating properties in the Asia Pacific region to create
steady
dividend income, while seeking value uplift through asset
improvements.
• AEPiM successfully raised US$200 million, which was
invested in 3 properties – Starhub Green (Singapore), 41 George
Street
(Brisbane), and 45 Pirie Street (Adelaide).
• Over the last 5 years, fund investors received more
than
8%
dividend payments per annum. The Fund is presently in divestment
mode
and has recently disposed its Singapore and Adelaide investments.
• A plan is currently under review for some of Basil’s
fund
investors to recycle their 67 Ubi Avenue 1 and 45 Pirie Street equity commitment into a
new
Private REIT initiative to be led by A3 Capital.