Clarence Property is excited to announce that we will be at AgQuip 2023!
AgQuip will be held from 22 – 24 August 2023, in Gunnedah, NSW, and is Australia’s largest Agricultural Event!
We invite you to visit our team at our stand located at C-13A. Come along to AgQuip 2023 and:
AgQuip is located at 143 Black Jack Road, Gunnedah, NSW.
This development opportunity of five premium lots ranging in size from 1,283sqm* to 2,482sqm* all with dual frontages only metres from the pristine, high-growth and amenity-rich Casuarina Beach, in Northern New South Wales.
These final sites in the masterplanned Casuarina Town Centre precinct, anchored by Coles supermarket and other convenience retail, along with a childcare centre, Casuarina Health & Medical centre, and The Commons retail and dining, are within a 20-minute drive of the Gold Coast International Airport, and approximately 5-minute drive to the soon to be completed $723M Tweed Valley Hospital (opening early 2024).
Expressions of interest close Wednesday 16 August 2023 – For further details please contact our agents:
From 6 to 8 June 2023, our Investor Relations team headed out to Toowoomba Qld for FarmFest 2023.
As one of Australia’s premier agricultural events, FarmFest provided us with an exceptional platform meet and reconnect with our Investors and locals from the area.
The event spanned over several days, attracting farmers, manufacturers, suppliers, and enthusiasts from all corners of Australia. Our team was well-prepared to engage with attendees, equipped with a comprehensive understanding of our diverse property portfolio and a genuine passion for supporting the agricultural community.
Moreover, FarmFest offered an excellent platform for networking and forging valuable connections within the agricultural industry. We had the privilege of meeting renowned experts, researchers, and fellow exhibitors who inspired us with their knowledge and experiences.
Attending FarmFest 2023 was a fantastic experience for our team. It not only allowed us to showcase Clarence Property and the Clarence Property Diversified Fund, but also provided a unique opportunity to learn, collaborate, and contribute to the vibrant agricultural community.
We are planning to attend AgQuip, in Gunnedah, NSW from 22 to 24 August 2023! We hope to see you there.
Clarence Property and our Property Management Team are pleased to announce that our building The Rocket in Robina, Queensland recently achieved a WiredScore Gold rating for its high-quality digital connectivity and infrastructure.
The WiredScore certification recognizes, assesses, and promotes top digitally connected businesses across the globe, providing a rating for office buildings based on their digital connectivity and innovation.
Achieving a gold rating signifies that The Rocket possesses exceptional digital capabilities, meeting the demands of modern businesses and ensuring seamless connectivity for its tenants.
The Rocket’s gold-rated WiredScore is a testament to Clarence Property’s unwavering commitment to providing state-of-the-art amenities and services for its occupants.
This accolade solidifies The Rocket’s position as a prime destination for forward-thinking companies seeking a technologically advanced workspace. With its gold-rated WiredScore, The Rocket stands out as a beacon of connectivity and digital excellence in the realm of commercial properties.
As reliance on technology in the workplace grows, digital connectivity has become increasingly essential to businesses. Working in our WiredScore Gold certified property – The Rocket, ensures that our Tenants have access to fiber connectivity as well as choice of internet service providers to support diverse connections and ensures measures are in place to reduce the risk of connectivity loss and interruption.
Read more here Homepage – WiredScore
Clarence Property is proud to announce the approval of our Wallum residential subdivision at Brunswick Heads from the Northern Regional Planning Panel.
This ecologically led subdivision will feature 123 flat fully serviced residential lots, 3 medium density lots and public reserves amongst 18ha of land to be preserved and enhanced for conservation purposes.
This approval could not have been achieved without the collaborative and positive engagement with the Byron Shire Council and we look forward to continuing this approach throughout development.
‘Wallum’ will encompass a thoughtfully designed residential development that embraces sustainability, open spaces, and a strong sense of community. The approval highlights Clarence Property’s commitment to creating developments that enhance their surroundings while providing residents with an exceptional lifestyle.
From 11 to 13 May 2023, our Investor Relations team headed out to Casino NSW for Primex 2023.
Held in Casino, NSW, the annual Norco Primex event is one of Australia’s largest primary industry events. With over 1,000 products and services aimed at farming professionals.
It was a pleasure meeting and reconnecting with our Investors, locals and one wombat!
Whilst at Primex, some members of our team attended Sourdough Business Women’s inaugural ‘Women in Business breakfast’. It was a fantastic showcase of the experience of three local female producers. Clarence Property is lucky to be a part of such innovative communities around regional NSW.
The week was a huge success, and Clarence Property will certainly be back for Primex 2024.
We are also looking forward to attending:
· FarmFest 2023, from 6 – 8 June 2023, in Toowoomba, Qld
· AgQuip 2023, from 22 – 25 August 2023, in Gunnedah, NSW
Last month, our Clarence Property Team had the opportunity to complete a Defensive Driver Training Program with The Drive Team.
The full-day course took the team through theory around awareness and attitudes on the road, then we put our newly learned driving techniques to the test with some hands-on training at the purpose-built Driver Training facility at RACQ Facility Mount Cotton.
As the team does a lot of driving to and from work and to properties, learning how to keep both yourself, and others safe on the road is such an important skill to have and our Clarence Property Team loved this experience!
If you’re wanting to learn more about defensive driving courses, get in touch with David at @thedriveteam for an awesome learning experience.
Clarence Property sponsors Kids In Capes 2023 calendar.
Clarence Property is proud to be one of the sponsors of the 2023 Kids in Capes Calendar
Kids in Capes is a wonderful opportunity to support local children and their families in need through the Grafton Base Children’s Ward!
LAST CHANCE to place an order for this amazing cause. Simply head on over to @kidsincapes and message their friendly team.
2021/22 IN REVIEW
The CPDF group’s audit for the year-ended 30 June 2022 has been completed, and the consolidated financial statements lodged with ASIC.
You can access a copy of the audited accounts at https://clarenceproperty.com.au/forms-and-reports/
The year was a successful one financially for the Fund, despite the lingering impacts of COVID and the extended period of wet weather which caused flood damage to a couple of the Fund’s properties. Highlights were:
There’s been a noticeable change in the mood of property markets over the last few months, and we remain cautious.
The year to date has been tough with floods, continuing wet weather, a fire, builders unable to finish jobs, unavailability of key materials (e.g. concrete pipes) and under-resourced local Councils all having an impact on our operations. Despite this we are still managing well and would like to think some better luck will come our way over the next year.
On the positive side the business of renting out properties is in good shape, with record low arrears and vacancy rates. Additionally, although interest rates have climbed, we do have approximately 40% of our debt locked at low rates for the next few years. And with gearing at around 37% we have plenty of capacity to absorb any unexpected issues. So, the job ahead is to keep the commercial buildings as well leased as possible, and to advance each land development as fast as practicable.
As reported in our August update, part of the Fund’s large format retail centre at Underwood in Brisbane was impacted by fire in late August. The affected building has now been demolished, and design work is under way for the replacement building. We have started receiving rent compensation from our insurer and are in discussions with the intending purchaser to find a commercial way forward to complete “Zone”, Underwood, QLD the sale.
We recently accepted an attractive offer to sell Ormeau Marketplace. The sale, for $34.0m against a book value of $31.5m (and against the December 2019 cost of $29.0m), settled in September and transacted on a yield of 5.25%.
Just a reminder that new or top-up investments in CPDF remain available. The current issue price is $1.10 per unit, and we are forecasting a gross return this year of 7.1 cents per unit (6.45%) made up of 6.1 cents per unit p.a. cash, paid monthly, and a forecast franking credit of 1.0 cent per unit.
Please read the PDS and Target Market Determination, both of which are available on our website www.clarenceproperty.com.au
Thank you for taking time to read this update. If you have any questions, please contact our investor relations team on: 1300 382 362 or firstname.lastname@example.org
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