Core Property has reviewed the Dexus Wholesale Australian Property Fund, an open-ended unlisted property fund with a diversified portfolio of properties in Australia.
The Fund is managed by Dexus Capital Funds Management Limited, a wholly owned subsidiary of Dexus (ASX:DXS) an ASX-listed fund manager with over $53 billion of assets under management. The Fund was established in 1985 and has been managed by Dexus since 2023 following the acquisition of the AMP real estate business.
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The Fund is open-ended and investors may purchase units on a daily basis.
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The Fund invests in a well diversified portfolio of properties in the industrial, retail, office and alternatives sectors, valued at $1.9 billion.
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The Fund targets a regular distribution income and has a track record of consistently paying distributions over a 40-year period.
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Full liquidity is available and the Manager currently expects to fill all redemption requests within 12 months on an ongoing basis.
The Fund is open to retail investors with a minimum investment of $10,000.
Core Property has reaffirmed the rating of the Fund as RECOMMENDED.
The latest unit price and Fund details can be found on the Fund’s website at:
https://www.dexus.com/investor-centre/unlisted-funds/dexus-wholesale-australian-property-fund-dwapf