Pioneer Capital Fund North Wyong
Owner of Storage King North Wyong, NSW
The Fund acquired a purpose built two level self storage facility on completion of construction in December 2015. The store opened for trading in late December 2015 and is licensed as Storage King North Wyong.
In October 2020, the Fund acquired a second self storage facility within walking distance at 33 Amsterdam Circuit which added a further 1,000 square metres of Net Lettable Area.
Within 2 years of the facility opening, the Fund returned 50% of equity to investors and commenced income distributions paid quarterly in arrears.
The Fund is fully subscribed and no longer issuing units.