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Rebate Offer
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N/A
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Minimum Initial Investment
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$1,000
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Expected Close Date
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CLOSED
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| Product Disclosure Statement |  Download Product Disclosure Statement (PDS) |  Request Product Disclosure Statement (PDS) |
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The Australian Unity Diversified Property Fund (formerly the Westpac Diversified Property Fund) is an open unlisted property fund focusing on industrial, office and retail property investments. This is a well managed, neatly structured and at its core a diverse and high-quality group of office, industrial and retail properties across Australia. The Fund’s objective is to create a diversified portfolio of income-producing properties and property securities.
The Fund seeks to deliver a Total Return which is in line with or exceeds the Total Return Benchmark Index. The Fund will also aim to provide a stable income stream that is at least 1% p.a. above the average Commonwealth Government 10-year bond yield calculated on a rolling basis over the previous 5-year period.
$27.5 million worth of securities at a discount
Australian Unity has made $27.5 million worth of securities available under a Public Offer. Securities under the Public Offer are offered at a special 7.5% discount to the security price that would otherwise apply at the time of application.
The Fund's tenant base is well diversified and includes many of Australia's most recognised brands, covering a broad range of property sectors including office, retail and industrial.
This diversification aims to provide stable income through periods of change in the economic environment and in any individual property. This also allows the Fund's debt and future liquidity to be actively managed.
The Fund's investment strategy is to acquire, manage and grow an underlying property portfolio of industrial, office and retail properties in Australia and New Zealand. Where appropriate, the Fund may also invest in Australian-REITS and unlisted property trusts.
At 31 December 2010, the Fund has demonstrated strong foundations:
- $372.9 million in direct property across office, industrial and retail properties
- Secure tenants with a long average lease profile (Weighted Average Lease Expiry was 7.42 years, 99.8% occupancy)
- Consistent and stable income, courtesy of long-term tenants and quality properties
The Fund produced a 7.60%¥ total return for the year to 31 December 2010. This highlights the Fund's strength and quality.
Key benefits
- Aims to deliver a consistent income as well as capital growth.
- Provides access to high quality property investments without the obligations of direct property ownership.
- Existing investors can increase their stake at a discount.
- 7.5% discount to the Retail Security price.
| Fee Disclosure | | There are no entry fees or trailing commissions in the Australian Unity Diversified Property Fund. |
| Download Product Disclosure Statement (PDS) | | Request Product Disclosure Statement (PDS) |  Webcast update - Diversified Property Fund |
¥ Past performance is not a reliable indicator of future performance.
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