Core Property has reviewed the "Australian Unity Diversified Property Fund"
The Fund is an open-ended unlisted fund, with a diversified portfolio of 8 properties across retail, office and industrial, supported by investments in listed and unlisted property trusts and cash.
The current portfolio is valued at $343.3M with 90.1% in Direct Properties, 6.2% in a listed A-REIT, 1.1% in an unlisted property fund and 2.6% in cash.
Over the next few years, the Fund will also be looking at major development opportunities at it's existing properties.
Forecast distributions are 6.8% p.a. for FY19, and the Fund has a quarterly Withdrawal Facility.
Core Property has reviewed the Fund and issued a RECOMMENDED rating.