Providing investors with a stable and growing income stream – and long term capital growth – with our flagship portfolio of Commonwealth and State Government-leased assets.
Castlerock Government Property Fund
Established in 2014, our flagship fund, the Castlerock Government Property Fund, is an unlisted fund that’s strategically focused on owning and developing assets leased by State and Federal Governments. It provides stable income distributions, with the potential for long-term capital growth, demonstrating the strength of our government-centric investment strategy.
Total Fund size1
$
0596
million
Number of assets
1414
Occupancy
9999
%
Minimum investment
$
50,00050,000
Current distribution rate2,3
7.857.85
%
IRR since inception3
10.110.1
%
WALE (by area)4
5.85.8
years
Average NABERS rating
5.55.5
stars
- Includes assets currently under development.
- Based on distribution rate of 9.9 cents per unit and a unit price of $1.26. The distribution rate specified is a projection only and is subject to a number of assumptions, and risks contained in the PDS and it's achievement is not promised or guaranteed.
- Past performance is not a reliable indicator of future performance.
- Includes the agreement of lease for the asset in Townsville which is currently under development. Lease does not commence until the building reaches practical completion.
Fund Overview
Fund Type
Open ended unlisted Unit Trust
Investments
Commonwealth & State Government leased assets
Debt Strategy
LVR between 30% - 50%
Investors
Wholesale & Retail
Tax Defferred Forecast
50% FY25
Distribution Frequency
Quarterly
Current Distribution Rate
9.9 cents per unit
Current Unit Price
$1.26
Consistently growing distributions back to investors, the CGPF fund continues to perform.
With a low-risk investment approach focused on quality, government-leased assets in thoughtfully-located areas beyond Australia’s CBDs, the Castlerock Government Property Fund delivers consistent and predictable returns.
Independent Research
The Castlerock Government Property Fund has received a Recommended rating from Core Property Research and a Favourable rating from SQM Research. The Fund has also won the Core Property Research Unlisted Fund of the Year in 2019 and 2024
Our Properties
Filter by Fund:
Properties within the Castlerock Government Property Fund
- No Results Message Here
Our Board Members
With industry, legal, and financial expertise, our board ensures strong governance and diligent oversight.
I was attracted to Castlerock’s ethos of investing in fully government tenanted, office real estate in strong growth areas of regional Australia. The impressive dividend returns have been consistent over the years and continue to be so.
—MH, Bulleen, Castlerock investor since 2013
Frequently Asked Questions
$1.26
7.85%
Quarterly
$50K for new investors
$10K for existing investors
Read the PDS and TMD in full. If appropriate for you, complete the application form online at www.invest.castlerockproperty.com.au
Long-term: 5 to 10 years
Access information via the online Investor Portal or contact Castlerock at +61 3 8639 9100.
You can update your details, view your holdings, and download statements using the online Investor Portal.
Contact Castlerock at +61 3 8639 9100 or email investor@castlerockproperty.com.au.
Full financial report: 1 October
Email: investor@castlerockproperty.com.au
Phone: +61 3 8639 9100
Yes. Distributions can be reinvested
The Responsible Entity offers Annual Limited Withdrawal Offers and 5-Yearly Periodic Exit Opportunities.
Each asset is valued at least once a year or on significant events. Castlerock does not use the same Valuation firm more than 3 times in a row for diversity.
CGPF units are issued on the first day of each month and CGPF remains open.