CONSTRUCTION COMPLETE – LET UP PHASE COMMENCED
42.7%*
Upper Coomera
- Residential population growth
- Business population growth
- Visibility & proximity of supply
- Self storage development
- 6 - 7 years investment term
- $500,000 minimum investment
*Subject to confirmation in the Information Memorandum
42.7%*
Upper Coomera
*Subject to confirmation in the Information Memorandum
- Residential population growth
- Business population growth
- Visibility & proximity of supply
- Self storage development
- 6 - 7 years investment term
- $500,000 minimum investment
Natgen Development Trust UC22
Location
Upper Coomera, Qld
Property Location
8 Ellis Way, Upper Coomera. In the rapidly expanding northern Gold Coast growth corridor visible from the M1
$33,300,000
Completion Value
Development Project
A 4 level self storage facility which will consist of a high-specification state-of-the-art self-storage building and surrounding facilities. The building will house excess of 8000m2 of self storage units.
+ 70%*
Unit Price Growth
Unit Price
*As of June 2025, the unit price has been independently revalued from $1.00 to $1.70, reflecting a significant outperformance of 70% compared with a 16.4% projection within the Information Memorandum (IM) for this stage of the project.
Trust Overview
Construction is now complete of the large-scale self-storage facility. UC22 is in a prime location, adjacent to the M1 motorway – one of the busiest roads in the country, and one of the fastest growing locations in Queensland.
Natgen Development Trust UC22 was established in 2022 to construct, lease-up, and operate a premium self-storage facility located at the northern end of the Gold Coast at Upper Coomera, Queensland.
The investment strategy is to deliver strong capital growth and income returns to investors, with a planned exit via trade sale to private equity or an owner-operator.
Performance
With development now complete, the Trustee has refinanced the construction debt, transitioning to an operating-phase debt facility.
As part of this process an independent valuation (as at practical completion) was completed, indicating a significant uplift in the asset value – and therefore the value of units in the Trust.
As of June 2025, the unit price has been revalued from $1.00 to $1.70, reflecting a significant outperformance of 70% compared with a 16.4% projection within the Information Memorandum (IM) for this stage of the project. This can be seen in the chart.
The key points of benefit have been exceptional site optimisation, careful cost control, as well as an improvement in the valuations of self-storage assets.
The facility has further projections of $2.10 at full lease-up, representing a 110% uplift, compared with the IM target of 42.7% – an excellent outcome for investors.
Outlook
The self-storage facility opened in August 2025, following the final installation of elevators.
Distributions to investors are expected to commence shortly after the facility begins generating income, with an average annual return of 6% during the two-year lease-up phase. Early market indicators suggest that the lease-up trajectory remains consistent with forecasts.
The potential for a Stage 2 expansion offers further upside, though this is not yet included in current projections.
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