APN 541 St Kilda Road Fund

Jun 2013

The APN 541 St Kilda Road Fund presented an opportunity to invest in a well leased, high quality office building in one of Australia’s leading non-CBD office markets.

The single asset, closed end unlisted property fund is currently distributing an annual yield of 9.00%¹pa, paid monthly and aims to deliver income and capital growth.

The building is 97% occupied and 94% leased to SEEK Limited, an ASX 100 company and a leading provider of online employment advertising. SEEK is a strong tenant having first established their global head quarters at 541 St Kilda Road in 2007 and has invested heavily in a customised workspace fitout.

Since settlement was completed on 10 May 2013, the property increased in value by $1 million above the purchase price (as at 30 June 2013) which translates into an increase in Net Tangible Asset (NTA) value of approximately 5 cents per unit. The property was purchased at an historically low relative price, strongly positioning the asset for capital growth.

For a comprehensive overview of the Fund please view the webinar below.

*Initial forecast distribution yield calculated for the year ending 30 June 2014. The forecast yield is subject to various assumptions and property, financing and other general risks as set out in the Product Disclosure Statement (PDS). Any forecast distributions are not guaranteed. Please refer to the PDS for further details. The PDS can be downloaded from www.apngroup.com.au or a hard copy can be obtained free of charge by contacting 1800 996 456.

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