The Fund was established in August 2002 by Glenmont Properties Limited to acquire and hold a portfolio of industrial properties. In accordance with the Fund's Product Disclosure Statement issued in January 2008, the term of the Fund is for an 80 year period; however a compulsory liquidity event must be considered in December 2012 and every 10 years thereafter.

In order to provide liquidity and avoid avoid the significant negative impacts to NTA stemming from a wind up of the Fund, 360 Capital proposed to list the Fund on the ASX. Members voting in favour of listing on 8 November 2012 and the Fund began trading on 13 December 2012.