The First Light Property Fund will consist of three outstanding properties in its portfolio (upon settlement of 57 Forge Road), providing diversification through 6 premium tenants on long term leases and regular rental increases. We intend to grow by acquiring further commercial and industrial properties.
Our intention is to continue to add to our portfolio of properties, thereby diversifying investment risk across multiple properties, sectors and tenants. We believe that this is a conservative investment structure enabling us to better manage the requirements of our tenants and providing our shareholders with superior security.
Our strategy is to provide the closest alternative to direct property ownership as possible, targeting total shareholder returns through capital growth and regular distributions. Being a PIE fund, shareholders receive the same income, tax deductions and capital gains as if they owned the properties direct, including depreciation deductions which reduces their tax.
FLPFL intends to grow by acquiring further commercial and industrial properties. Existing shareholders will be offered the first opportunity to reinvest on a pari passu basis.
