Direct Property Fund

Overview of Fund


The DPF is an unlisted property trust investing primarily in Centro Australian property syndicates and funds. It offers a very well diversified portfolio with exposure to over 740 shopping centres.

The objective of the DPF is to provide investors with attractive tax advantaged income and capital returns from the direct property market, primarily through exposure to shopping centres located in Australia.

The DPF has delivered:

  • An annual total return of -23.6% for the year ended 31 December 2009; and
  • Average total returns of 3.0% p.a. since inception in June 2002.

Benefits

  • Direct property investment;
  • Significant property diversification;
  • Quarterly distributions;
  • Tax advantaged returns; and
  • Exposure to the retail property sector;

Features

  • Experienced manager;
  • Retail property focus - substantial food-based (i.e. non-discretionary) expenditure;
  • Daily unit pricing; and
  • Substantially invested in Centro direct property syndicates and funds.

Risks
The risks associated with the Fund are those that would typically apply to an investment product of this sort, investing predominantly in real property. Those risks are detailed in Section 6 of the PDS.

What Else Should I Know?

  • APIR Code MCS0011AU;
  • Registered managed investment scheme.

How do I Invest?
Investment in the DPF is currently suspended. For more information please refer to the news item dated 17 December 2007 - 'DPF DPFI Fund Suspension' and subsequent announcements.

Past performance is not a reliable indicator of future performance. All performance figures are calculated net of fees using withdrawal unit prices and assume reinvestment of income distributions.

This document should be used for general information only and is not to be taken as containing any securities advice or recommendation.


 

Date Title Size
04 Feb 2010 Centro Direct Property Fund (DPF) – Non Resident Custodian Withholding Tax Information pdf 25k
19 Jan 2010 Centro DPF DPFI December Quarter Distribution pdf 22k
23 Oct 2009 Centro DPF Non-resident WHT Summary pdf 25k
05 Oct 2009 Centro DPF DPFI September Qtr Distribution pdf 22k
04 Aug 2009 Centro Direct Property Fund (DPF) – Non Resident Custodian Withholding Tax pdf 25k