News and Announcements
STARIN Offers Incentive of Distribution During Construction
- Published February 24, 2016 2:24PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
24th February 2016
As the project has come to an important stage with the start of the construction and the announcement of the anticipated DA approval in March, investment in the Fund at this stage will be beneficial for investors regarding accelerated capital growth.
Starin is offering investors the incentive of distribution during construction if they invest now. The details are:
- Distribution during construction: Tax-Deferred Distribution of 5% per annum on unit price of $0.38 on 30/06/2016. Subsequent Tax-Deferred Distribution at determined unit price.
- Anticipated capital growth of 50% at completion.
- Anticipated annual return of 12% during operations.
- Raising $10 million.
- Closing date: 30/05/2016 or earlier.
Disclaimer: Forecasts are subject to assumptions and risks as set out in the Information Memorandum (IM). Past performance is not an indicator for future performance.
ABOUT STARIN
STARIN Group is a specialist funds manager that actively engages in prime commercial property within the thriving hospitality and health care sectors. STARIN’s focus is on delivering projects that bring exceptional returns to its investors. We believe in building the tools to reach new heights in innovation to achieve the most outstanding results. STARIN has an established history of delivering successful projects from concept through to completion. These projects have ranged in size from large guest housing in Brookvale, a major development in the commercial epicentre of Macquarie Park and more recently the introduction of a new innovative Aged Care System that will respond to the needs of the growing ageing population.