Trident Funds Management are pleased to announce the recent settlement of 344 New Cleveland Rd, Tingalpa.
The asset is in a core industrial TradeCoast location with a strong lease covenant. Ferra Group boast secure 30+ year Government Contracts throughout the Defence and Civil Aviation industries. Targeted specifically to improve diversification to Trident Funds Management’s portfolio, the asset’s long WALE and triple-net lease structure on a 20 Year initial lease term will support long-term stable income for the fund’s investors.
The facility is a purpose built, premium-grade manufacturing premises, which includes high-tech temperature-controlled laboratories and significant infrastructure for assembly lines of high-tech equipment. Within a rapidly expanding defence industry the asset class has seen significant support from the Federal Government announcing a $3 billion injection into defence services. Hosting contracts with global Aerospace customers such as Boeing, Trident are excited to see the future growth of the Ferra group.
Ferra Group is a globally integrated manufacturer of precision part and assemblies for the aerospace and defence sector. Ferra is a subsidiary of Accurus Aerospace Corporation, a US-headquartered leading Tier II supplier of metallic parts, kits, assemblies and processing services to the global aerospace and defence industry. Accurus Aerospace Corporation has an annual turnover of more than US $200M
For more information contact Luke Healy