Investa Diversified Office Fund (IDOF)
Important Information
IDOF Notification of Suspension click here.
Fund at a Glance
We are currently updating the Investa Diversified Office Fund Product Disclosure Statement (PDS). Please accept our apologies for any inconvenience this may cause. We will provide an updated PDS as soon as it becomes available.
| Minimum intial investment |
$10,000 |
| Minimum additional investment |
$1,000 or $100 per month with our savings plan |
| Minimum withdrawal |
$1,000 |
| Withdrawal requests |
Weekly (note: Terms and Conditions apply) |
| Investments can be made |
Applications are suspended until an updated PDS is available |
| Distributions |
Paid quarterly – 8 weeks after quarter end. IDOF also offers a Dividend reinvestment plan (DRP). |
Fund Overview
The Group's flagship retail fund, Investa Diversified Office Fund (IDOF), is an established open-ended commercial real estate fund which holds interests in quality office buildings in most of Australia's major centres. IDOF will seek to acquire further property interests over time.
IDOF has assets under management of $546 million making it one of the larger and geographically diversified unlisted property trusts available to Australian retail investors. Since inception, annualised distributions from IDOF have been 8.25 cents per unit in FY 2006 and 8.3 cents per unit in FY 2007. The distribution for September and December 2007 quarters was 2.3 cents per unit and, should the same amount be paid for the March and June quarters, this will be equal to an annual distribution of 9.2 cents per unit for the financial year 2007/08.
IDOF's portfolio has a tenancy profile which includes blue chip companies such as Telstra and GE Capital and various Commonwealth and State Government departments.
Investment Objectives
Our aim is to optimise distribution returns and provide capital growth. No particular return is forecast or guaranteed. However, in order for us to earn the performance-based component of our fee, IDOF must provide a Total Return of at least 10% p.a. after fees and expenses, assessed over a 5 year period. The total return of IDOF since inception in May 2005 is 23.03% per annum.
IDOF Fund Performance
IDOF has performed strongly since its inception as shown in the table below.
| Performance to 29 February 2008* |
Total Return |
Capital Growth Return |
Distribution Return |
|
| 1 Year pa |
23.02% |
15.73% |
7.29% |
| 2 Years pa |
27.29% |
20.12% |
7.17% |
| Since Inception from 1 June 2005 pa |
22.18% |
14.28% |
7.90% |
* Please note: The returns are calculated after provision for ongoing fees and assumes all income is reinvested and in accordance with IFSA Standard No 6. The effect of any entry and exit fees has been taken into account. You should also note that past performance is not a reliable indicator of future performance, and future performance is not guaranteed.
Socially Responsible Investment
IFML has been certified by the Responsible Investment Association Australasia (RIAA) according to strict disclosure practices under the SRI Certification Program. The SRI Certification signifies that an investment product or service takes environmental, social, ethical and governance considerations into account along with financial returns. IDOF is suitable for investors seeking to make a socially responsible property investment.
| Property |
Suburb |
State |
NLA |
Classification |
|
| 468 St Kilda Road |
Melbourne |
VIC |
10,923m2 |
Office |
| 30 Pirie Street |
Adelaide |
SA |
24,757m2 |
Office |
| 80 Stirling Street |
Perth |
WA |
19,775m2 |
Office |
| 310 Pitt Street |
Sydney |
NSW |
29,159m2 |
Office |
| Centennial Plaza |
Sydney |
NSW |
53,845m2 |
Office |
| 45 Charlotte Street |
Brisbane |
QLD |
325 Bays |
Strata titled car park |
| 32 Philip Street |
Parramatta |
NSW |
6,759m2 |
Office |
| 64 Northbourne Avenue |
Canberra |
ACT |
6,520m2 |
Office |
| 115 Grenfell Street |
Adelaide |
SA |
13,903m2 |
Office |
| 241 Adelaide Street |
Brisbane |
QLD |
10,816m2 |
Office |
| 60 Martin Place |
Sydney |
NSW |
27,855m2 |
Office |
| 369 Royal Parade |
Melbourne |
VIC |
8,750m2 |
Office |
| 10 Valentine Avenue |
Parramatta |
NSW |
15,995m2 |
Office |
For more information, please contact Alex Keen, Business Development Associate on (02) 8226 9462 or akeen@investa.com.au
IDOF Forms & Documents
IDOF Forms
- Adviser Transaction Authority Form - click here (PDF,21KB)
- Direct Debit Request Form - click here (PDF,50KB)
- Standard Transfer Form - click here (PDF,199KB)
- Address Change Notification Form - click here (PDF,247KB)
- TFN or ABN Notification Form - click here (PDF,288KB)
- Reinvestment Plan Application or Variation Form - click here (PDF,247KB)
- Change in Annual Report Communication - click here (PDF,238KB)
- Request for Direct Credit of Payments - click here (PDF,232KB)
- Anti Money Laundering - click here (PDF, 406KB)
IDOF Documents
Information as at 29 February 2008
Disclaimer: This release may contain forward looking statements. Such forward looking statements are not guarantees of future market conditions, results or performance. The forward looking statements are subject to risks, uncertainties and other factors which may cause actual events to differ from the forward looking statements on this release. Those risks, uncertainties and other factors include, but are not limited to, general economic and business conditions; trends and business conditions in property markets in Australia competition; changes in Investa's strategies, plans and operations; governmental regulation; changes in interest rates and other risks and uncertainties. Investa disclaims any intention or obligation to update or revise any forward looking statements in this document, whether as a result of new information, future events or otherwise. ARSN 113 369 627 APIR CODE IPL0001AU.