September, 2023

New acquisition at 3 Moloney Drive, Wodonga.

The RF Corval Property Fund has acquired 3 Maloney Dr, Wodonga.

Situated on a vast 55,470sqm parcel,the property boasts a cutting-edge 7,935sqm industrial facility. RF Corval has secured a 20 year lease for this high specification space, now home to innovative AgTech company New Edge Microbials (NEM) Group. RF Corval is a strong supporter of agricultuel-backed real estate investments given the infrastructure-like characteristics they offer. This endorsement is underpinned by a sustained focus  on food security and Australia’s reputation as an innovator in sustainable production. The transaction settled on 27 September, with the lease commencing the same day. 
The transaction was negotiated off-market and the asset has been acquired at a yield of 7.75%. This combined with the 20-year triple net lease structure will provide strong cashflow to support an attractive return profile for investors in the Property Fund.

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