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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) |
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The Australian Unity Retail Property Fund is an open unlisted property fund investing primarily in retail property including shopping centres, homemaker outlets, and service stations.
The Fund has a well diversified tenant base which includes many of Australia’s most successful and best known brands including Coles, Target, Bunnings Warehouse, Kmart, Woolworths and Caltex.
The Retail Property Fund aims to provide investors with a steady level of income as well as capital growth over the medium to long term. It also aims to outperform the benchmark - Property Council/IPD Australian Retail property index.
$38 million capital raising
The Fund is seeking to raise $38 million primarily to purchase the fully developed expansion of the Waurn Ponds Shopping Centre to create a combined 35,000+m² regional shopping centre. This capital raising will be used to acquire the completed development adjacent to this subregional shopping centre.
Under the Public Offer, $38 million worth of Retail Securities will be made available to the public at a 10% discount to the Retail Security price that would otherwise apply at the time of application.
17% approximate total forecast return for 1 year#
Please ensure you read the important information about forecast returns at the bottom of this page.
The Waurn Ponds Shopping Centre is one of the Fund’s most important assets, it is located at the intersection of Princes Highway and Pioneer Road, seven kilometres from the Geelong central business area. The region’s steady population growth and the continued residential land sub divisions close to the Centre are predicted to have a positive impact on retailer performance.
Waurn Ponds has already received gold in the Design and Development category for Asian Shopping Centre ward. It has also been awarded the Ernst & Young Joe Curlewis Property Trust Industry Award, which recognises innovation, financial performance and professionalism in the property trust industry.
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.
- Capital raising aims to further enhance the quality of the Fund's assets.
- 10% discount to the Retail Security price.
- Managed by specialist asset managers with the support of the Australian Unity Group.
The Public Offer will close on 1 August 2011 or when the target amount has been raised.
| Fee Disclosure | | 2020 DIRECTINVEST may receive a trailing commission of up to 0.40% pa. This trailing commission is paid by the fund manager and is NOT an additional charge to the investor. |
| Download Product Disclosure Statement (PDS) |
Important information
This investment product is issued by Australian Unity Property Limited ABN 58 079 538 499, AFS Licence No. 234455 in its capacity as Responsible Entity. This information is intended only to provide a broad summary of this financial product and does not take into account the financial objectives, situation or needs of any particular investor. In deciding whether to acquire, hold or dispose of the product, you should refer to the Product Disclosure Statement dated 28 October 2010 and the Supplementary Product Disclosure Statement dated 23 May 2011 to consider whether this product is appropriate for you. The information provided here was current at the time of publication only (1 April 2011), and we recommend that you access our website for further information. A copy of the PDS and SPDS is available at www.australianunityinvestments.com.au/rpf or by calling our Adviser Infoline on 1800 649 033.
Important information about forecast returns
#Returns are forecasts for new securities from 31 March 2011 and made on the basis that sufficient funding to purchase the fully developed expansion of the Waurn Ponds Shopping Centre is received. The future forecast returns are not guaranteed, and are provided only to indicate current projections for the Fund. Since the forecasts are based upon a range of objective assumptions, including external economic and market factors over which we have no control, your investment decision should assess the impact to you if the returns for the Fund should be less. In addition, the range and type of properties held by the Fund has meant that a number of assumptions about significant matters have to be relied upon when producing forecasts. These include the capitalisation rates for property valuations, continuation of leasing commitments and property income, capital expenditure requirements, the cost of debt, and the manner of development of the Waurn Ponds Shopping Centre. We emphasise that investment decisions should be made independently of the forecast returns, past performance, distribution rate, or the ratings given by a ratings agency, for the Fund, since these can vary, and are current only to the date of this publication. In addition, ratings need to be assessed in the context of the full report issued by the ratings agency.
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