Primewest Property Income Fund
Primewest have added a new dimension to our investment offering with our first open-ended, unlisted fund, open to retail investors – Primewest Property Income Fund (PPIF or the Fund).
The Fund has been established to provide investors with a more flexible investment product where Investors can, subject to liquidity, participate in a limited monthly withdrawal facility should they wish to redeem their investment. Investors are also offered the opportunity to regularly add to their investment by acquiring additional ordinary units in the Fund.
It is also intended to provide investors with monthly income with the potential for capital growth. PPIF aims to achieve this by investing in a diversified and growing portfolio of commercial property assets located in Australia. PPIF may invest in a property directly, or indirectly, via investing in other property funds. It is also intended for PPIF to invest a portion of its assets in liquid investments, such as interests in A-REITs.
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Monthly Distributions
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Target Gearing 35-50%
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Target WALE 5-years
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Reinvestment Plan Yes
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Minimum Investment $10,000
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Unit price 1.0000
The Fund will maintain a small exposure to cash, listed real estate trusts and other cash like products to provide investors with the opportunity to redeem units through a limited liquidity facility each month, whereby a nominated percentage of the Fund’s net asset value will be made available to fund redemptions.
Monthly Income
The Fund aims to provide investors with monthly income
Growth
The Fund aims to achieve long term capital growth
Diversity
The Fund intends to acquire a diverse national portfolio of quality office, industrial & logistics, healthcare, social infrastructure and retail assets
Liquidity
The Fund intends to provide for limited withdrawals at designated intervals, subject to Fund liquidity
Seed Assets
Primewest is pleased to confirm three quality Childcare seed assets for PPIF. The seed assets are now under unconditional contracts following a comprehensive due diligence process. We are extremely satisfied with the quality of the seed Childcare Portfolio.
These assets are:
- In QLD, SA and WA
- Have 15 – 20 year leases
- Are operated by ASX Listed or reputable privately owned operators with substantial national operations
- Are brand new builds currently under development, or recently refurbished to a very high standard
- Have between 87 and 122 childcare spaces available
*IMPORTANT NOTICE
*Primewest Management Ltd ABN 63 091 415 833 (Primewest Management) is the responsible entity of the Primewest Property Income Fund ARSN 645 597 404 (Fund). Before making an investment in relation to the Fund, it is important you read the Product Disclosure Statement (PDS) dated 5 February 2021. The PDS is issued by Primewest Management and is available from www.primewest.biz/propertyincomefund or by calling (08) 9321 7133. Applications for units in the Fund can only be made on the application form accompanying the PDS.
The information included on this website has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision, you should consider the PDS and consult your financial adviser or other professional advisers to determine whether the Fund suits your objectives, financial situations or needs.
If you acquire units in the Fund, then Primewest Management and its related parties may receive fees from the Fund. Those fees are disclosed in the PDS.
Any investment, including an investment in the Fund, is subject to risk. If a risk eventuates, then it may result in reduced distributions and/or a loss of some or all of your capital invested. The PDS includes further examples of some of the key risks of an investment in the Fund.
Past performance is not indicative of future performance. Any forward-looking statements on this website are provided as a general guide only and subject to the risks and assumptions set out in the PDS. Neither capital growth, distributions or tax consequences are guaranteed.
Units in the Fund are issued at a unit price determined in accordance with Primewest Management’s unit pricing policy (Policy). The Policy has been prepared in accordance with the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) Unit Pricing: Guide to Good Practice.
The Core Property rating (assigned in March 2021) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.