About the Fund

Nine office properties located in Australian metropolitan and CBD markets

The Fund invests in Australian office property and related assets. 

The Fund’s property portfolio is diversified across metropolitan and CBD markets in Sydney, Adelaide, Melbourne, Brisbane and Canberra, and was valued at $669.65 million at 30 June 2020.

View property portfolio
64 Northbourne Ave, Canberra, ACT

Fund snapshot as of 30 June 2020

Net Lettable Area 107,614

portfolio occupancy*

111 tenants
2.9 years WALE

Weighted Average Lease Expiry#

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 office properties. The Fund's strategy is to:

  • Focus predominately on owning Australian office properties in metropolitan and CBD markets
  • Grow net property income and enhance capital values through active asset management
  • Deliver investors sustainable and growing income returns via quarterly distributions
  • 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, North Ryde, NSW

* As at 30 June 2020 by Net Lettable Area

# As at 30 June 2020 by Gross Property Income. Excludes The Brisbane Club tenancy at 241 Adelaide St, Brisbane with approximately 43-year term as this would distort the WALE.

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.