The Retail Property Fund is an open-ended unlisted property fund focusing on retail related property investments. It was formed on 28 February 2009 by combining six existing property trusts.
The Fund has a diversified tenant base which includes many of Australia’s most successful and best known brands on long-term leases, covering a broad range of retailing including supermarkets, department stores, specialty shops, homemaker outlets, hardware and service stations. Click here for more information on the properties.
The Fund predominantly comprises Australian direct retail property assets. Unlisted retail property trusts may also be used where appropriate to achieve the target level of exposure to suitable properties. Retail sector Australian-REITs (previously known as listed property trusts) may be used to enhance geographic and sectoral diversification and in conjunction with cash, to support ongoing liquidity and cash flow management.
The Fund typically holds 70-95% of its assets in direct property and unlisted direct property investments. The Australian-REIT exposure will typically be small and may range between 0% - 20% of the Fund’s assets. The balance of the Fund’s assets is held in cash and similar investments.