Natgen Investment Trust KT21

Briefing Paper
Be Part of the Growth of the Toowoomba Region

Natgen has identified a qualified property Investment Snapshot*

investment meeting its stringent Property
Selection Criteria, supported by: Targeted Year 1 Year 2 Year 3
Distribution 8.7% 8.7% 9%
• an independent valuation confirming the purchase price;
Tax Deferred Year 1 Year 2 Year 3
• a favourable independent technical due diligence report; 99% 96% 82%
• a financial feasibility supporting the Targeted Distribution; Property Regional convenience retail centre
Description comprising IGA supermarket, bottle
• independent accountants supporting the tax deferred shop and medical service providers
monthly distributions;
Property Kingsthorpe – an established dormitory
• positive demographic profiling for the district and the Location town servicing the CBD and western
Toowoomba region; and districts of Toowoomba, Queensland
Trust Term 5 - 6 years
• extensive existing and future infrastructure
commitments supporting growth. Capital Profit Acquisition of land for approved
Opportunity extension to the centre in future years
The opportunity now exists for investors to enjoy the Minimum $100,000 (further increments of $50,000)
benefits associated with the ownership of a quality, Investment
income focused commercial real estate asset namely, the Investor Capital $3.5 million (3.5 million Units)
Kingsthorpe Central Shopping Centre. Debt Component $3.3 million (55% LVR)
Weighted Average 11.8 years
The investment objective is to maximise monthly distribution
Lease Expiry
returns to Investors, net of all Trust fees and expenses, over
Investment Managed Investment Scheme (for
the Trust Term, together with maximising any capital growth Vehicle wholesale investors) regulated by ASIC.
generated by operational economies, rental increases and the The Trustee holds AFSL No. 522 835
possible further development of the property.
* Information in this snapshot is subject to confirmation in the Information Memorandum
for the offer.

Lease Profile
By Sector By Tenant

10%

35% 15%
59% 51%
10%

6% 8%
6%

Consumer IGA Pharmacy

Medical Dentist Bottle Shop
Guarantee Medical Centre Guarantee

Kingsthorpe Shopping Centre Tenants Current Lease Term Option

IGA Supermarket & Lotto

Bottle Shop

Chemist

Medical Centre

Dentist

Guarantee
June 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038

1
The Toowoomba Region

Second Largest Inland Gross Regional Product

Capital
City in Australia (after Canberra) $12.2 Billion (2019) of the Darling Downs

Second Largest Regional Dynamic Industries

City in Queensland. (after Townsville) • Agriculture
• Education
• Food manufacturing
• Health and wellbeing
Infrastructure • Freight and logistics hub
• Visitor economy
Pipeline • Construction

$13.1 Billion • Defence and aerospace

Population Economic Growth

Key Industries
169,000 204,000 4.1% per annum • Mining
• Health Care
(2019) (2041) over the last decade
• Agriculture

Toowoomba
From it’s agricultural beginnings, the Toowoomba region has transformed into a diverse and
strong economy, offering a broad range of business investment and employment opportunities.
Underpinned by a significant infrastructure investment in the recent past and going forward, the Toowoomba region is well
placed for significant ongoing growth across its broad economic base.

Much of the growth potential within the region is focussed toward the west of the City of Toowoomba, with major
infrastructure also located in this locality.

Major infrastructure in this locality includes:

L Wellcamp Airport
L Wellcamp Business Park
L InterlinkSQ Intermodal Logistics Hub
L Brisbane – Melbourne Inland Rail
L Pulse Data Centre
L AATLIS Global Agrifood Innovation Precinct
L Qantas Training Academy
L Asterion Medicinal Cannabis Facility
L Witmack Industry Park
L Upgraded Gore Highway
L Gateway to Second Toowoomba Range Crossing

2
Kingsthorpe Central Shopping Centre
Kingsthorpe Central comprises a modern near new
Kingsthorpe
Convenience Retail and Medical complex featuring The locality of Kingsthorpe is a dormitory area,
a complimentary mix of tenants anchored by an IGA approximately 15km from the Toowoomba CBD.
Supermarket plus five (5) supporting tenants including a Whilst it is an historic settlement (with the primary
Bottleshop, Medical Centre, Pharmacy and a Dentist. school opening in 1911), recent years has seen
significant expansion of the local population,
The complex is anchored by an 800m2 IGA Supermarket
with the opening of modern housing estates. The
which is secured on a 20-year lease to 2038 plus 2 x
locality now consists of a mixture of residential and
10 year options to 2058. Kingsthorpe Central Shopping
rural-residential neighbourhoods, with a generally
Centre features excellent access and convenient grade
prosperous ‘middle-Australia’ feel.
level parking for 52 vehicles.
The population predominantly comprises younger
The complex offers a significant future value add
families with a median age of 37* years.
opportunity via an approved staged expansion plan of
currently undeveloped land.

Modern Near New Convenience Retail & Investment Benchmarks

Medical Centre
Comprising six (6) tenancies including an
IGA Supermarket, Bottleshop, Medical Centre, Item Benchmark Achieved Details
Dentist and Pharmacy. Return min.7.5% p.a.  Targeted 3 year
average return
of 8.80% p.a
Long Lease Security & Income Growth growing with rental
The centre features a long lease expiry profile increments
(WALE) of over 11.8 years with solid income Location Strong  Toowoomba is
growth via fixed annual rent increases. regional the second largest
location regional city in
Queensland, with
Attractive Net Lease Structures growth rate that
All tenants are secured on Net Leases outstrips, regional
and pay their proportionate share of Queensland, the
whole of Queensland
recoverable outgoings. and the whole of
Australia.
Dominant Centre Category Convenience  100% of the centre
Kingsthorpe Central is the dominant retail focussed on con-
Convenience Retail and Medical Centre in the sumer staples and
medical services
catchment and provides the only supermarket – both categories
in the immediate area. display low elasticity
of demand
Easily Accessible Gateway Location Weighted 4 years  11.8 years
Average
The Complex occupies a gateway position
Lease Expiry
within Kingsthorpe with easy access and
Investment $5 -10 million  $6 million
good exposure. Size
Trust Term Min. 5 years  5 – 6 years
Substantial Depreciation & Tax Benefits
Due to the near new nature of the complex. Infrastructure In proximity  Several very large
to significant scale infrastructure
present projects are
Value Add Opportunity Via Future Expansion and future transforming the
The property incorporates a significant value infrastructure economic landscape
to underwrite of Toowoomba and
add opportunity via an approved staged
growth the Darling Downs,
future-expansion plan including potential forecasts bringing ongoing,
expansion of the supermarket and the durable benefits to
the region
addition of 3 extra shops.

3
 Property Selection Criteria Analysis
Positive Market Forces  Population movements to regional locations and polarisation of retail spend to local and global
supports the future value of local convenience shopping and local medical services
Favourable Timing  Projected jobs and population growth in the Toowoomba region underpins population growth in
and Execution areas such as Kingsthorpe

Strategic Location  Land use constraints means that most growth in economic activity in Toowoomba region will be to
and Land Use the west of the city, centred around high growth industries and large infrastructure

Recent  • Wellcamp Airport • Industrial and Business Parks

Infrastructure • 2nd Range Crossing • Data Centre Development
Provision • Intermodal Transport Systems / Logistics Hub

Future Infrastructure  • ARTC Inland Rail Project • Global Agrifood Innovation Precinct
Provision • Toowoomba Enterprise Hub

Supportive Land  • DA approved for future expansion

Use Policy • Zoning supports current use

KINGSTHORPE CENTRAL
SHOPPING CENTRE INLAND RAIL
MELBOURNE - BRISBANE

INTERLINKSQ
DALBY 84KM
TOOWOOMBA SECOND
SURAT BASIN 165KM
RANGE CROSSING

WITMACK
AATLIS

PULSE DATA
QANTAS CENTRE
BRISBANE 124KM
WELLCAMP TOOWOOMBA
ASTERION BUSINESS PARK CITY
WELLCAMP
AIRPORT

Natgen – the Trustee How to Invest

National & General Administration Pty Ltd, a member To receive a copy of the full Information Memorandum and
company of the National & General Group, holds Australian Application Pack, either call 1300 100 292 or email
Financial Services Licence no. 522 835. invest@natgen.com.au.

We provide full managed trust services for the life of the Units are limited, and the Offer will close when full
Trust. For further details of Natgen, please visit subscription is reached. You may submit a non-binding
www.natgen.com.au Expression of Interest form to secure priority in allocation of
Units in the Trust. Simply visit www.natgen.com.au/eoi
or scan the following QR code.

This Briefing Paper is not an offer – it is intended

to provide general information regarding a future
offer, to be made by Information Memorandum.
Recipients of this document must not rely on its
contents in making future investment decisions.
All figures contained in this document are
subject to confirmation and correction within the
Information Memorandum and do not constitute
a representation or guarantee of future events
or performance.