Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Australian Unity property fund added to new platforms

6 June 2018
| By Staff |
image
image image
expand image

Australian Unity has announced that its Diversified Property Fund is now available on Netwealth’s Super and Investment Wealth Accelerator Plus platforms.

The fund, which owns eight properties across the office, retail and industrial sectors, offers strategy placed with a focus on delivering consistent income distributions.

In 2010, Australian Unity took over the fund’s management and it currently forecasts distribution range for the fund for the year to 31 March, 2019 of 6.5 to 6.9 per cent.

According to FE Analytics, the fund’s performance for the one year to 31 March, was 16.22 per cent.

The occupancy of the fund’s portfolio was 98.9 per cent by income and its weighted average lease expiry was 3.82 years by base rental income at 31 March.

Fund manager Nikki Panagopoulos, said that the fund, which owns properties in new South Wales, Queensland, Victoria and Western Australia,  had a number of new property development projects underway.

“These developments are targeted to improve tenant amenities, increase lettable area and build on the quality of the existing property portfolio which is designed to improve investor returns,” he said.

“For example, in April approval for the next stage of a significant development at Busselton Central Shopping Centre in Western Australia, was cemented which will see the addition of a new Coles on a 15 year lease, as well as speciality retailers.”

The chart below from FE Analytics shows the performance of the fund relative to it’s sector.

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

5 days 2 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 weeks 2 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND