Multiplex Prime Property Fund (Fund) is a Unit Trust listed on the ASX (ASX code: MAFCB), which owns an impressive portfolio of CBD office assets in Sydney and Melbourne.
Key Features:
- A portfolio of A-grade property assets (see below).
- Diversified tenancy profile including the Victorian State Government, the Commonwealth Government of Australia, American Express and Ernst & Young.
Key Information - As at 30 June 2010
|
| Listing date: |
15 September 2006 |
| Close date: |
Open ended |
| Fund size: |
$716.0 million |
| Distributions: |
Quarterly |
| NTA per unit: |
0.42 cents per unit |
| ASX code: |
MAFCB |
| Portfolio Occupancy: |
100% |
| Portfolio weighted average lease term: |
6.2 years |
| Portfolio weighted average capitalisation rate |
7.27% |
| Value of direct property portfolio: |
$585.0 million |
| Assets: |
Ernst & Young Centre and 50 Goulburn Street, Sydney
(50% interest valued at $262.5 million)
Southern Cross Tower, Melbourne
(25% interest valued at $137.5 million)
Defence Plaza, Melbourne
(100% interest valued at $58.0 million)
American Express Building, Sydney
(100% interest valued at $127.0 million)
Portfolio of investments in Listed Property Trusts
(market value approximately $5.2 million) |
| Fund gearing (including Partly Paid Facility)*: |
80.6% at 30 June 2010 covenant testing date (covenant 85%)
|
| Interest Rate: |
98.8% hedged at a base rate of 5.68% (excluding margin) until June 2011 |
| Debt Duration: |
2 years with expiry December 2011 (both Term & Partly Paid Facilities) |
* The Fund is in compliance with all debt covenants as at 30 June 2010.
Important Notice:
Past performance is no indication of likely future performance. All figures are unaudited unless otherwise indicated.