Trust Investments Property Fund
The Trust Investments Property Fund (“Property Fund”) contributes data to the MSCI/IPD New Zealand commercial property return database. The performance index produced reflects the returns from 422 commercial properties within New Zealand. The value of the properties equates to $13.7 billion of commercial property.
The index includes contributors from the property companies listed on the NZ Stock Exchange. The analysis is undertaken at property level which removes variances caused by such items as debt leverage and ownership structures.
The 31 March 2017 results have been released, with the Trust Investments Property Fund achieving the top property portfolio performance ranking for 1 year and 2nd for 3 years.
Trust Investment’s General Manager Property, Patrick O’Reilly responded to the ranking by say; “A key contributor to the out-performance was the completion of The Warehouse’s South Island Distribution Centre at the IZone Industrial Park and it's subsequent 50% sale. The Property Fund has benefited from the great outcome of the project while with the partial sale it reduces the Property Funds over-exposure to a single tenant, in a single location.”
Under the Financial Markets Conduct Act this communication may be deemed to be an advertisement for an offer of units. Trust Investments Management Limited is the issuer of the units to be issued under the offer to which this advertisement relates. A product disclosure statement for the offer, which sets out the terms and conditions of the offer, is available, and can be obtained at