IMPORTANT NOTICE
PEET INCOME PROPERTY FUND IS CURRENTLY CLOSED FOR SUBSCRIPTIONS.
- PIPF Product Disclosure Statement
Owing to the successful completion of the current capital raising, no further applications under the PDS dated 17 July 2006 are being accepted, with effect from 13 June 2007.
A new PDS reflecting revised pricing may be issued in the 2008 financial year. Intending applicants are invited to contact us to register their interest in receiving the new PDS.
- PIPF Property Portfolio
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 $50 million situated in Brisbane (QLD), Darwin (NT), Canning Vale and Naval Base (WA) and Tullamarine (VIC), and 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 2007.
Key Features of the Fund:
- A portfolio of non-CBD commercial and industrial properties.
- Fund property owned as at 2006 increased by 25% upon independent revaluation as at 30 June 2007. See PIPF Fund Update July 2007.
- More than 800 Unitholders as at 30 June 2007.
- Unit Price from July 2006: $1.11 per Unit, with the Unit price from July 2007 expected to show solid growth.
- Distribution for 2006/07 is forecast to be 9.16 cents per Unit (8.25% p.a. on a Unit Price of $1.11), 100% tax deferred.*
- The forecast distribution includes an estimated 1.27 cents per Unit as return of capital. See Section 8 of PDS.
- Distributions paid quarterly.
- Limited liquidity facility provided by Peet of up to $100,000 per calendar quarter.
- Recently acquired property currently under construction in Tullamarine, Victoria (see PIPF Fund Update - March 2007 for details)
PIPF Fund Update - July 2007
PIPF Fund Update - March 2007
PIPF Property Valuations Summary
MIA Independent Research Report
PIPF Discretionary Unit Pricing Policy
* Forecast yield (including any capital return) is based on assumptions which are set out in the Product Disclosure Statement dated 17 July 2006.