Peet Income Property Fund (PIPF)
Industrial and commercial property is the focus of our Peet Income Property Fund. With a diverse range of properties located throughout Australia, PIPF provides investors with income producing investment opportunities.
The Peet Income Property Fund currently manages a portfolio of buildings worth more than $60 million situated in Brisbane (QLD), Canning Vale and Naval Base (WA) and Tullamarine (VIC).
The Fund is forecast to provide distribution yields of 8.25% per annum, payable quarterly and a tax deferred component of 100% for the year ended 30 June 2008.
PIPF Product Disclosure Statement
Due to the successful completion of the current capital raising no further applications under the PDS dated 17 July 2006 are being accepted. A new PDS relecting revised pricing may be issued in future. Intending applicants are invited to contact us to register their interest in receiving the new PDS.
The Peet Income Property Fund invests in properties across the office and industrial sectors. The Fund currently manages a portfolio of buildings worth more than $60 million situated in Brisbane (QLD), Canning Vale and Naval Base (WA) and Tullamarine (VIC), and was forecast to provide distribution yields of 8.25% per annum, payable quarterly and a tax deferred component of 100% for the year ended 30 June 2007.
Key features of PIPF
- A portfolio of 10 non-CBD commercial and industrial properties.
- Fund property owned as at 2007 increased by approximately 15% upon independent revaluation as at 30 June 2008.
- More than 600 Unitholders as at 30 June 2008.
- Distribution for 2007/08 was forecast to be 9.16 cents per Unit (8.25% p.a. on a Unit Price of $1.11), 100% tax deferred.
- Independent revaluation of fund properties undertaken in the 2007/08 financial year showed a $7 million increase in value on the previous year.
- Distributions paid quarterly.
View the PIPF Portfolio