Fund Snapshot
as at 31 March 2012
- FUM
- $1.6 billion
- Number of Investments
- 12
- Min. Initial Investment
- $5 million
- Occupancy
- 96.3%
- WALE
- 4.6 years
- NABERS energy rating (portfolio average)
- 3.9 stars
Register For Updates Back Investa Commercial Property Fund (ICPF)
Investa Commercial Property Fund (“ICPF” or “Fund”):
- is a core property fund which holds a diversified portfolio of prime grade commercial office assets located across the major east coast Australian commercial office markets
- is the world’s only accredited Socially Responsible Investment (SRI) wholesale property fund
- offers access to value enhancement opportunities
- has a total return target of 9% p.a.
- leverages Investa’s key skills as one of Australia’s largest owners of commercial property
- is a open-end wholesale fund with a two yearly limited liquidity facility
- is a signatory to the UN principles of Responsible Investment
ICPF provides an opportunity to invest in a portfolio of high quality Australian commercial office assets across major east coast Australian office markets. The Fund has a total return focus and currently holds interests in twelve prime grade office assets.
The Fund has an allocation of up to 20% of gross assets to value-add opportunities.
ICPF CAPITAL RAISE
On 23 March 2012, ICPF announced its intention to exercise its pre-emptive rights to buy up to a further 25% interest in Deutsche Bank Place at 126 Phillip Street, Sydney, one of Australia’s premier CBD office properties.
The acquisition follows an active period for ICPF, which raised A$175 million during 2011 from both domestic and overseas investors and acquired an interest in one of Melbourne’s leading office buildings, 120 Collins Street, Melbourne, and increased its interest in 400 George Street, Sydney.
For the latest media release on ICPF, please click here
For further information on investment opportunities within ICPF, please click here
The Fund aims to achieve above median manager performance over a rolling three year period as measured by the Mercer Unlisted Property Fund Index. The Fund also seeks to provide a total return of 9% p.a. after fees.
Returns to 31 March 2012
| Since inception | 2 year return | 1 year return | 6 month return | Target return | |
| Gross total return | 9.01% | 7.94% | 9.74% | 3.04% | n/a |
| Net total return* | 7.99% | 7.21% | 9.00% | 2.69% | 9.00% |
* net return is after management fees
Mercer/IPD Index Performance
(Click on charts for larger view)
As the world’s only accredited Socially Responsible Wholesale Fund, ICPF had to meet the strict disclosure requirements of the world’s only SRI Certification Program which was launched in Australia in 2005 by the Responsible Investment Association Australasia (RIAA).
Investa Funds Management has been certified by RIAA according to the strict disclosure practices required under the Responsible Investment Certification Program. Investa had to demonstrate how our funds apply a systematic methodology for taking environmental, social, ethical and labour standards into account in the selection and management of buildings. See www.responsibleinvestment.org for details.
ICPF’s sustainability objectives are:
- To continually enhance the sustainable nature of the portfolio. Achievements since FY2004 include:
- 13.2% in electricity use
- 51.3% in natural gas use
- 26.2% in water consumption
- NABERS* energy rating increased from 2.75 to 3.8 stars
- ICPF’s commitment to sustainability encompasses:
- A dedicated sustainability, safety and environment team;
- Being a signatory to the UN principles of Responsible Investment
- Being the first property fund to receive certification from the Responsible Investment Association Australasia (RIAA).
For more detailed information on RIAA’s Certification Program click here.
Further details about Investa’s approach and achievements in Sustainability can be found in our Sustainability section.
* National Australian Built Environment Rating System
Investa Wholesale Funds Management Limited (IWFML) is the responsible entity for ICPF and IEF and operates under the Australian Financial Services Licence (AFSL) 401858. Investa is committed to an enhanced governance framework that provides unitholders with a high level of transparency and oversight. Key to the governance framework includes maintaining a Board with a majority of independent directors including an independent chairman.
Further information on the IWFML Board members can be found here.
The documents that related to ICPF’s corporate governance, including relevant charters, policies and code of conduct are as follows:
| IWFML Board of Directors Charter |
| IWFML Audit and Compliance Committee Charter |
| Valuation Policy |
| Complaints Policy |
| Code of Conduct |
| Risk Management Charter |
Fund snapshot as at 31 March 2012
- Total Portfolio Area
- 402,604m²
- Unit Pricing
- Monthly
- Distributions
- Quarterly
Fund Manager
- Name:
- Peter Menegazzo
- Phone:
- +61 2 8226 9367
- Email:
- Send email