Investors in the Australian Unity Retail Property Trust - Sunshine Homemaker Centre have voted in favour of Australian Unity Investments’ (AUI) proposal to combine a number of trusts and syndicates to establish a $400 million Retail Property Fund.
This follows the endorsement two weeks ago by investors in the Retail Property Trust, the Regional Retail Property Investment, and the East West Property Syndicate who also overwhelmingly supported the proposal.
Mr David Bryant, head of AUI, said that given recent changes to interest rates the proposal, once implemented, is expected to deliver investors a total return of up to14.5% per annum.
He added that the main benefits for investors under the proposal are:
- the ability to access their investment through regular redemption facilities (an attribute not possible under a syndicate structure)
- a significantly more diverse tenant and geographic mix which reduces the risk levels of the investment
- more flexibility in managing and developing the properties.
Further information:
David Bryant
E: dbryant@australianunity.com.au