The Balmain AQUA Income Trust and the Balmain AQUA High Income Trust are diversified income trusts, deriving income primarily from loans secured by mortgages over properties used for commercial, industrial, retail, residential (non consumer credit code) and social infrastructure purposes, as well as from Mortgage Backed Securities.
These Trusts are managed by Balmain AQUA Pty Limited a subsidiary of Balmain NB Commercial Mortgages Limited.
Balmain AQUA is an investment manager of commercial mortgage investments and responsible for managing the investments of both Trusts (formerly the Mirvac AQUA Income and High Income Funds) in line with their investment strategies and benchmarks.
Balmain was a founding shareholder of the Trusts in partnership with the Mirvac Group. Following unit holder meetings in April 2010 Balmain acquired Mirvac’s 50% shareholding in the Fund Manager Mirvac AQUA Pty Ltd and changed its name to Balmain AQUA. Mirvac Funds Management Limited retired as Responsible Entity (RE) and was replaced by The Trust Company (RE Services) Limited an independent and professional RE and a wholly owned subsidiary of The Trust Company Limited.
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Snapshot as at 24 January 2020
Balmain Base Rates are our indicative base rates for commercial property lending. A lending margin is added to these rates depending on the nature and term of the transaction.