GDI No. 38 Diversified Property Trust was established following the opportunistic acquisition of a unique portfolio of six industrial properties and one office property, all leased to UGL Limited, a wholly owned subsidiary of CIMIC Group Limited* for ten (10) years. Established in June, 2014, this diverse portfolio offered GDI the opportunity to sell down the assets individually and in a timely manner, based on demand, location, and ability to add value where required.
*CIMIC Group Limited, founded in Australia in 1949, is one of the world’s leading international contractors and the world’s largest contract miner. CIMIC, previously known as Leighton Holdings, was listed on the Australian Stock Exchange in 1962. (Source: http://www.cimic.com.au/our-business/profile)
For more detailed information on the fund click here
Five of the assets have now been sold, and information on the remaining two properties in the fund can be found here: