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Opus Capital Growth Fund No. 1
Date: 20/08/2008
Opus Capital Limited, the Responsible Entity (RE), is seeking to raise a further $51.1 million in equity to expand the Opus Capital Growth Fund No.1. The RE has indicated an initial 6 year investment period which may be extended in line with unitholder preferences (75% by unitholder value). In an expected case scenario, at the top marginal tax rate of 46.5%, PIR estimates an after tax IRR of 7.40% over the 6 year investment period.
EntRE Fund
Date: 02/05/2008
Real Estate Capital Partners Managed Investments Limited (ReCap) is seeking equity for the EntRE Fund. The Fund’s portfolio provides investors with the opportunity to invest in a diversified range of property investments and securities with the aim of providing both stable income returns and capital growth, with benchmark returns for the annual distribution from cashflow of 1% above the average 90 day Bank Bill yield (financial year basis) and a total annual return above the rolling five year Mercer Unlisted Property Funds Index as at 30 June each year.
Westlawn Property Trust
Date: 15/04/2008
Clarence Property Corporation Limited (CPCL) is seeking further equity of $12.52 million (to reach $31.2 million as sought under PDS No.3) to expand the Westlawn Property Trust’s (WPT) portfolio and to retire existing Trust debt. WPT is an unlisted hybrid property trust currently invested directly in retail and commercial properties and indirectly through three unlisted property trusts in the commercial and retail sectors. The Trust’s directly held assets include eight retail centres and seven commercial buildings which are located in northern NSW and southern QLD. WPT also holds an 8.1% interest in the APN National Storage Trust, a 12.83% interest in Wises Farm Development Trust and a 1.2% interest in the Reed Property Trust.
Prime Access Property Fund
Date: 25/03/2008
The Prime Access Property Fund is seeking equity of $35 million to purchase four properties located in South East QLD, NSW and the ACT. The Prime Access Property Fund is an unlisted hybrid property trust that is designed to allow investors to share in either stabilised property returns or development style returns depending on the type of units selected. The purpose of the Trust generally is to grow a property portfolio that will offer the investor an opportunity of investing in properties that are underperforming on their current site. This may mean that properties will either be refurbished or demolished to take advantage of perceived higher and better uses. Investors will have the opportunity of investing in the whole portfolio and/or individual property redevelopments should they desire. The directors have expressed a desire to geographically diversify the Trust further if the right opportunities are present.
Richmond Mortgage Fund
Date: 07/04/2008
Ballina Mortgage Management Limited (Ballina) is the Responsible Entity (RE) for the Richmond Mortgage Fund (Richmond). Formerly known as the Richmond Trust Fund, it commenced business in 1968, with Ballina being issued an AFSL in 2001 in order to operate the Fund under the Managed Investments Act. The nature of the business has not changed since inception and consists of a pooled mortgage fund which invests in a diversified portfolio of registered first mortgage investments managed on behalf of investors by Ballina.
Armytage Strategic Property Fund
Date: 15/07/2008
The Armytage Strategic Property Fund (the Fund) is a diversified property securities fund with exposure to a blend of large and small cap companies in the ASX Real Estate GICS. The Fund is an actively managed vehicle which will attempt to derive value through the identification of value investment opportunities and then invest into those vehicles which it considers is mispriced in the market but which it considers still retains strong underlying fundamentals (essentially a conviction fund). The emphasis of the Fund is to take advantage of strategic or special opportunity investments, particularly given current market conditions.
Alpine Meadows Olive & Walnut Project No.1 - Provisional Investment View
Date: 20/03/2008
Huntley Management Limited (Huntley), the Responsible Entity (RE), is offering investors the opportunity to subscribe for interests in the Alpine Meadows Olive and Walnut Project No. 1 (the Project) to become growers of olives and walnuts and share in any sale proceeds of the commodities produced by the Project. The Project is located in the Snowy Mountain region of NSW between Dalgety and Jindabyne. Investors are offered grove lots made up of 40 olive trees and 20 walnut trees of a mix of varieties. The Project is anticipated to run for a period of approximately 22 years (until 30 June 2030).