About the Fund

Properties located in Australian metropolitan and CBD markets

The focus of the Fund is to own Australian office properties in metropolitan and CBD markets, complemented by a targeted and diversified portfolio of Australian real estate assets.

The Fund’s property portfolio is diversified across metropolitan and CBD markets in Sydney, Adelaide, Melbourne, Brisbane and Canberra, and was valued at $572.5 million at 31 December 2021.

View property portfolio
64 Northbourne Ave, Canberra, ACT

Fund snapshot as at 31 December 2021

91,254 sqm
Net Lettable Area
96.9%

portfolio occupancy*

2.1 years

*As at 31 December 2021 by Net Lettable Area
Weighted Average Lease Expiry#

5.8%

#As at 31 December 2021 by Gross Property Income.
Weighted Average cap rate**

Our Investment Strategy

The Fund's objective is to provide unit holders with sustainable income returns via quarterly distributions and the potential for capital growth over the long term by investing in a diversified portfolio of Australian properties. The Fund's strategy is to:

  • focus predominately on owning Australian office properties in metropolitan and CBD markets, complemented by a targeted and diversified portfolio of Australian real estate assets
  • deliver investors sustainable and growing income returns via quarterly distributions
  • maximise returns to unitholders through value-add initiatives including developments, asset repositioning strategies, divestments and acquisitions;
  • target inclusion in additional ASX and global indices; and
  • maintain a capital structure with target gearing below 40%, and
  • construct a portfolio that maintains diversification of geography, tenants and lease expiry profile through investments in existing properties and potential future acquisitions.
2 Eden Park Drive, Macquarie Park, NSW

* As at 30 June 2021 by Net Lettable Area
# As at 30 June 2021 by Gross Property Income.
** By Book Value

Important information

The Fund is issued by Australian Unity Investment Real Estate Limited (AUIREL) which is owned by Australian Unity Keppel Capital Pty Ltd ABN 67 637 410 505, a joint venture company owned equally by subsidiaries of Australian Unity Limited ABN 23 087 648 888 and Keppel Capital Holdings Pte Ltd CRN 201302079N, the asset management arm of Singapore based Keppel Corporation Limited CRN 196800351N. The information on this website is general information only and is not based on the financial objectives, situations or needs of any particular investor. Past performance is not a reliable indicator of future performance.