News and Announcements
APN Convenience Retail Property Fund Update
- Published January 21, 2016 4:06PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
21st January 2016, ASX Announcement
In light of Monday’s announcement by Woolworths Limited in respect of the Masters business, APN is providing an update to the market on the APN Convenience Retail Property Fund (the Fund).
As previously advised to the market, the Fund is currently being established and includes a property agreed to be leased to Masters which is currently on APN Property Group Limited’s balance sheet.
APN is committed to the Fund and its investment strategy. The Fund is founded on quality, long term cash rental income streams from non-discretionary retail tenants.
In the current low rate environment, APN believes this strategy is very well suited to deliver attractive risk-adjusted returns, including high monthly income yields to investors. We believe this product is ideal for self managed superannuation funds and other investors seeking commercial property investments with strong and regular income returns.
To read the full announcement, please click here.
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