Hub24 has added Australian Unity’s Diversified Property Fund to its Investor Directed Portfolio Service platform.
The fund “aims to deliver consistent income distributions with the potential for capital growth”, an Australian Unity spokesperson said.
Fund manager Nikki Panagopoulos said, “The fund’s strategy is to continue to add value to its existing portfolio, with an active development pipeline underway across a number of properties.
“This includes redeveloping the Dog Swamp shopping centre in Western Australia and adding a new format ALDI supermarket, and food and beverage entertainment precinct.”
The diversification of assets in the fund, which owns eight retail, office and industrial properties in various states across Australia, would provide investors with consistent income distributions during economic flux, Ms Panagopoulos said.
“We know that many retailers continue to experience tough trading conditions and the entrance of disruptors to the market, such as Amazon, is another wildcard for the sector,” she said.
“The fund’s investments in neighbourhood shopping centres, which are underpinned by supermarkets and non-discretionary convenience retailers, are key to its consistent income returns.”
The corporate regulator has issued a consultation on its new breach reporting reforms for licensees, saying the new rules will correct “prolonged an...
Financial services minister Jane Hume has conceded the implementation of the FASEA reforms has had a devastating effect on the business environment fo...
Two-fifths (42 per cent) of people who aren’t currently advised have indicated they will be more likely to see an adviser now than before the pandem...
Get notifications in real time and stay up to date with content that matters to you.
