The Multiplex Acumen Prime Property Fund1 ARSN 110 096 663 ("MAPPF"), an open-ended unit trust to be listed on ASX, seeks to provide investors with the opportunity to invest in a high quality portfolio of property assets.
Features
Asset class
Property
Responsible Entity & Issuer
Multiplex Capital Limited ACN 094 936 866
Fund Manager
Multiplex Investment Funds Pty Ltd
Assets
50% of Ernst & Young Centre & 50 Goulburn Street,Sydney
25% of Southern Cross Tower, Melbourne
100% of Defence Plaza, Melbourne
100% of American Express Building, Sydney*
Portfolio of investments in listed
property trusts valued at approximately $63m
* expected to be completed by 31 December 2007
Forecast cash distributions on First Instalment2
Allotment Date to 30 June 2007 7.75% p.a.
Year ending 30 June 2008 8.00% pa.
Tax deferred distributions2
100% during forecast period
Pre-completion guarantee
Provided by ANZ and NAB which protects investors from development risk in relation to the construction of the American Express Building.
Investment in the Fund by Multiplex entities
Multiplex Property Trust has between 20.1% and 30.1% of equity in MAPPF.
Multiplex Acumen Property Fund shall have 9.9% of the equity in MAPPF
Liquidity
ASX listed
Risks
The financial performance of the Fund is not guaranteed. Investors should ensure that they read the Product Disclosure Statement and are fully aware of the risks associated with this investment
1ANZ acts as joint lead manager and underwriter in relation to the Offer. Any such services provided by ANZ will be described in the PDS.
2These forecasts are based on a number of assumptions and are subject to various risks.
Please refer to the Product Disclosure Statement for full details.
Facts
Offer
$1.00 per Unit payable in two instalments
First Instalment of $0.60 per Unit, payable on Application; and
Final Instalment of $0.40 per Unit, to be paid on 15 June 2011*.
* The date for payment of the Final Instalment may be accelerated in limited circumstances.
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