Iof has a unique origin and evolution, at its core it consists of a stapled security between the prime credit property trust pcp arsn 089 849 196 and armstrong jones office fund ajo arsn 090 242 229. Add this topic to your myft digest for news straight to your inbox. Combining our specialist expertise in development, property, asset and funds management, we enhance the value of australian workplaces for our tenants, investors and communities. Use the pitchbook platform to explore the full profile. Investa office fund iof was an asx listed real estate investment trust managed by investa that was delisted in december 2018. The stake was acquired as part of a full sell down by cromwell of its 60.
Investa property group enabling australian work life to. The company insiders interest are more aligned with external shareholders in this case. It is usually better to buy companies with large insider ownership. Investa property group investa today announces that it has acquired 59. Investa office fund iof is an externally managed asxlisted real estate investment trust areit included in the asx100 index. Join the hotcopper asx share market forum today for free. Iofs principal activity is being an owner of investment grade office buildings receiving rental income from a tenant register comprising predominantly government and blue chip tenants. Stockland nominated icpf as the buyer and under their partnership it manages the retail aspect of the building while investa has carriage of the office tower. After receiving the takeover proposal in early may 2018, the group, which operates some of the most high profile office buildings in australia, has agreed to blackstones terms. The office tower was purchased from existing owners oxford investa property partners oipp and the investa commercial property fund that both had a 50% interest in the building. The building in king street is a 25storey office tower and the glasshouse shopping centre is a threelevel retail centre on pitt street mall. The fund is externally managed by investa office management pt ltd.
Dexus is a major australian property owner, developer, and manager. New developments our landmark, premium grade, commercial office development at 60 martin place is renewing sydneys most desirable workplace address. The funds portfolio is diversified across metropolitan and cbd markets in sydney, adelaide, melbourne, brisbane. The book is also valuable for the experienced investor, touching on a broad range of topics, with interesting perspective for the reader, especially following the cataclysmic events of 2008. The fund offers investors exposure to a welllocated office portfolio, with income returns underpinned by leases to investmentgrade tenants and access to the property management expertise of australian unity real estate investment. The vote to approve the proposal was held on 31 may 2017. Iofs principal activity is being an owner of investment grade office buildings receiving rental income from a tenant register comprising predominantly government and.
Investa office fund earnings estimates and actuals by quarter the chart below shows up to four years of a companys earnings history. Reo is focused on providing strategic oversight and an endtoend service offering across the operating platform, with a focus on consistency in service standards and delivery, systems, processes, reporting and people. Investa listed funds management limited, the responsible entity of investa office fund asx. With over a thousand businesses alone listed on the australian stock exchange and multiples more internationally, finding the diamonds in the rough can be difficult, timeconsuming and overwhelming. Investa office fund acquires securities asx news by kalkine. The funds focus for fy includes divesting of offshore interests, extending the diversity and tenor of debt, maintaining a disciplined approach to capital expenditure, and driving property returns through leveraging the investa platform. Cromwell has thrown down the gauntlet over the future of the investa office fund. Oxford investa property partners stock research in summary. Covering ten asx listed property stocks reits including dexus property group dxs, commonwealth property office fund cpa, investa property fund iof, fkp property group fkp. Oxford investa property partners oipp is the owner of a portfolio of high quality commercial office assets managed by investa. Nov 30, 2015 one site is the fund s 151 clarence street, sydney. Mimmmid analysis investa money market fund bloomberg markets. Sale of 628 bourke st at premium to book value investa. Afterpay and touchcorp merged in june 2017 to form afterpay touch group.
It consists of armstrong jones office fund and prime credit property trust trusts. Icpf aims to achieve strong total returns by implementing a low risk investment approach, focusing on premiumgrade offices in major australian cbd markets. The portfolio is mid to highquality office, with 14% premium grade, 64% a grade, and 21% b grade. Investa office fund has shrugged off constant takeover speculation by posting a solid result, boosted by what are considered to be the best leasing market conditions ever experienced along the eastern seaboard.
Investa provides an integrated management service to iof incorporating asset, portfolio and capital management. Iof, announced a proposal to acquire a 50% shareholding on a joint venture basis in investa office management pty limited. Information on acquisition, funding, investors, and executives for investa office fund. The principal activity of the trusts is to own investment grade office buildings, generating rental and other property income. Key personnel we outline the investa office funds key personnel by position type and title. The iof performance and periodic statements can be found here. Janus henderson is a global asset management group headquartered in the city of london, united kingdom. Afterpay limited abbreviated as afterpay or apt formally known as afterpay touch group limited is an australian financial technology company operating in the united states, united kingdom, australia and new zealand. Macquarie private wealth investa office fund 27 august 2012 2 fig 1 iof fy12 result delivers on earnings and gunning for growth the good the not so good the interesting fy12 result marginally ahead of forecast.
Nov 02, 2018 oxford investa property partners stock research in summary. A highlevel overview of investa office funds registered business details, a company synopsis, history and background, as well as investa office funds main brands and products. Real estate operations reo is investa s overarching real estate management platform, providing endtoend services to the funds. The dark blue line represents the companys actual earnings per share. In less than a year, the investment was in trouble. Mr ekins, whose fund has a small investment in investa office fund, said the reality is that the funds management is being torn apart. The panel has made a declaration of unacceptable circumstances annexure a and final orders annexure b on an application dated 21 march 2016 in relation to the affairs of investa office fund iof. The investa office fund stock patterns are available in a variety of time frames for both long and short term investments. It offers a range of financial products to individuals, intermediary advisors and institutional investors globally under the trade name janus henderson investors. The dividend payout ratio of investa office fund is 23. Fund of funds investing is a mustread for those new to hedge funds, providing a strong primer on the fund of hedge funds investment model. Iof is a leading owner of investment grade office buildings in core australian cbd locations. Hotcopper has news, discussion, prices and market data on investa office fund. Money market fund a mutual fund with a larger portion of assets allocated in money market instruments.
Oct 04, 2017 investa property group investa today announces that it has acquired 59. Investa office fund premium company report australia. Oxford properties and investa sell premium melbourne cbd. This is the historical insider ownership of investa office fund.
View igfuf business summary and other industry information. Michael scott general manager piccadilly office complex. Writing research notes on material asx announcements, the day they occur. Investa office fund stock price today markets insider. The asx groups activities span primary and secondary market services, including capital formation and hedging, trading and price discovery australian securities exchange central counter party risk transfer asx clearing corporation. Historical information regarding iof distributions, reporting and presentations up to financial year 2019 can be accessed via the links below. Investa office fund is an externally managed real estate investment trust. Investa office fund share candlestick chart iof investing. Mimmmid analysis investa money market fund bloomberg. Gain a trading edge with the auto pattern recognition feature and gain an insight into what the patterns mean.
Us private equity group blackstone is under pressure to raise its 3. The funds objective is to provide a stable and optimal investment return. About investa money market fund investa money market fund is an openend fund incorporated in singapore. Investa office fund does not have a long track record of dividend growth. The sale is accretive to nta and will reflect a 12% premium to forecast book value. The investa office fund takeover battle has again roared into life with the trust finally unveiling its plan to take a stake in its 10 billion management company as well as record valuations which. By mike taylor a contest of wills has developed over the future of the investa office fund iof between cromwell property group and investa listed funds management. The best dividend stock screens the australian dividend. The fund s portfolio is diversified across metropolitan and cbd markets in sydney, adelaide, melbourne, brisbane. The company is an owner of investment grade office buildings.
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