Affinity Consulting Group

Investments

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Premier Diversified Property Fund : Affinity Consulting Group  
Premier Diversified Property Fund

Premier Diversified Property Fund

Price:

        

Price date:

  

This is a low risk fund, designed to generate capital growth through the acquisition and management of a high quality portfolio of UK long leased commercial property with "blue chip" tenants. Available in sterling US dollars & euros.

Objective: The fund is designed to generate capital growth through the acquisition and management of a high quality portfolio of UK leased commercial property assets. All properties will have long leases (minimum 10 years unexpired) and be let to financially strong tenants on modern lease terms. The current strategy is to concentrate away from the South East and look for modern high specification buildings in the office, retail, retail warehouse and warehouse sectors. The aim is to produce steady, low volatile, performance and the targeted Annual Returns net of all on-going charges over a 5 year period are: Sterling fund 8-10% & Euro fund 7-9%. The fund invests in sterling but hedges to dollars and euros.

Strategy:

  • Purchase a diversified portfolio of modern high specification commercial property investments away from the south east of the UK in the office, retail, retail warehouse and warehouse sectors.
  • These are rented to "blue chip" tenants on long modern leases over 10 years with upward only rent reviews.
  • There is no property speculation or purchase of vacant properties.
  • The fund does not invest in property company shares.

Current assets: Existing and new property acquisitions will soon bring the property portfolio to over GBP 180m.

Length of Leases:

Percentage

Over 15 years unexpired

3%

Over 10 years unexpired

57%

Below 10 years unexpired

40%

Below 5 years unexpired

0%

Total

100%

As at October 2006

Security & Corporate Structure:

Custodians:

Royal Bank of Scotland Trustee Services (Guernsey) Limited - regulated in Guernsey

Auditors:

Ernst & Young - regulated in the IOM

Administrators:

Abacus Financial Services - regulated in the IOM Trustee of the Exempt Unit Trust: Capital Trust Co Ltd - regulated in the UK

Charging Structure:

Management Fee

1.5%

Bid/Offer Spread

Nil

Redemption Fee

9% reducing by 0.45% per quarter
Year 1: 9.0% to 7.2%
Year 2: 7.2% to 5.4%;
Year 3: 5.4% to 3.6%,
Year 4: 3.6% to 1.8%;
Year 5: 1.8% to 0%

Up to 7.5% per annum of the investment value may be withdrawn in the first 5 years without penalty.

Other Details:

Withdrawal Feature: 

7.5% p.a. of Net Asset Value (Free of Charge)

Currency: 

Sterling, Euro

Minimum Entry: 

11,000 (or Euro Equivalent)

Dealing: 

Monthly

This fund may go down in value as well as increase. This risk is reduced the longer the investment is held. Past performance is no guarantee of future performance.