APN Industria REIT (“Industria”), managed by APN Funds Management, is a listed Australian Real Estate Investment Trust (AREIT) which owns a workspace focused portfolio of 32 established, high quality industrial and business park assets located across Sydney, Melbourne, Brisbane and Adelaide, which is valued at $824 million. Industria’s portfolio provides tenants with modern, cost effective and practical spaces to meet their business needs.
Industria provides security holders with:
- A portfolio diversified by geography, sector and tenant (by number and by industry);
- A weighted average lease expiry (by area) of 5.8 years;
- Net tangible asset backing of $2.83 per Security as at 31 December 2019, adjusted for acquisitions and placement;
- Potential for distribution and capital growth through contracted fixed and/ or CPI linked rental increases derived from a majority of underlying leases; and
- Access to the people and capabilities of APN Property Group Limited, a specialist real estate investment manager which has managed property investments on behalf of its clients for over 21 years, including a significant part of the Industria portfolio for over seven years.