Placer Property  
 
     
   
 
 
     
 
NewActon East Property Fund

Introduction
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NewActon East is a modern eight level mixed use building comprising a small retail area, major office component, 32 residential apartments on the upper levels and 176 car parking spaces.

The Fund was launched is September 2014 and has acquired the commercial part of NewActon East, which includes the ground floor office and retail areas, the four level office space occupied by the ACCC, plus 115 car parking spaces, together totalling 7,503 square meters of gross lettable area. The residential component of NewActon East is not part of the Property and is not being acquired by the Fund.

The Property is located at 21-23 Marcus Clarke Street, Canberra, Australian Capital Territory. The Property is situated in the NewActon precinct, which is located at the south western zone of the Canberra CBD and is three kilometres from Parliament House.



Fund at a glance
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Responsible entity Placer Property Limited
Custodian Perpetual Corporate Trust Limited
Trust structure Fixed term unlisted property trust
Trust term Ending on or around 30 June 20211
Property asset NewActon East, 21-23 Marcus Clarke Street, Canberra ACT
Property purchase price $45.01 million
Valuation $50.75 million at June 2017
Revaluation policy Independently revalued at 30 June each year
WALE (by income) 5.86 years at 31 December 2017
Major tenants Australian Competition and Consumer Commission  (ACCC) –
78% of property income
Colliers International – 10% of property income
Occupancy 100% as at 31 December 2017
Distribution Forecast 8.7% in FY2018
Issued units 26.5 million
NTA per unit $1.06 at June 2017
Trust borrowings $22.5 million
Loan expiry 30 June 2021
LVR 44% at 31 December 20172
ICR 3.7 times at 31 December 20172
Distributions Quarterly
Withdrawal rights The trust is a fixed term investment with no ongoing liquidity
APIR code PLL0002AU
1. See section 2.4 of the PDS
2. Debt facility covenant

 



Fund Accounts
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Date Fund Account
31 December 2017 Financial Statements < VIEW PDF >
30 June 2017 Financial Statements < VIEW PDF >
31 December 2016 Financial Statements < VIEW PDF >
30 June 2016 Financial Statements < VIEW PDF >
31 December 2015 Financial Statements < VIEW PDF >
30 June 2015 Financial Statements < VIEW PDF >


Tax Information
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Financial Year 2015 2016 2017
COMPONENTS      
Tax Deferred 100% 77.81% 67.23%
Taxable 0% 22.19% 32.77%
TOTAL 100% 100% 100%


Distributions
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Financial Year Distribution – Ordinary Units cents per unit
20151
Quarter ended Date paid Cents per unit1
31 Dec 2014 9 Feb 2015 1.95342
31 Mar 2015 8 May 2015 1.91096
30 Jun 20152 7 Aug 2015 1.93219



Total   5.79657




1. Ordinary Units received a pro rata distribution at a rate of 7.75% per annum from the unit allotment date in FY 2015 and 8.60% in FY 2016.
2. The June 2015 quarter distribution was paid in FY 2016.
2016
Quarter ended Date paid Cents per unit
30 Sep 2015 9 Nov 2015 2.16939
31 Dec 2015 8 Feb 2016 2.16939
31 Mar 2016 9 May 2016 2.13061
30 Jun 2016 8 Aug 2016 2.13061



Total   8.60000



2017
Quarter ended Date paid Cents per unit
30 Sep 2016 8 Nov 2016 2.19288
31 Dec 2016 8 Feb 2017 2.19288
31 Mar 2017 8 May 2017 2.15712
30 Jun 2017 8 Aug 2017 2.15712



Total   8.70000



2018
Quarter ended Date paid Cents per unit
30 Sep 2017 8 Nov 2017 2.19288
31 Dec 2017 8 Feb 2018 2.19288



Total   4.38576



 



RG 46 Disclosures
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31 December 2017 < VIEW PDF >
30 June 2017 < VIEW PDF >
31 December 2016 < VIEW PDF >
30 June 2016 < VIEW PDF >
31 December 2015 < VIEW PDF >
30 June 2015 < VIEW PDF >


Communications & Media
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  • NewActon East Property Fund, Financial Report
    19 March 2018 < view >
  • Update on Twenty-One Cafe and Grocery Store
    16 March 2018 < view >
  • Investor Newsletter
    1 October 2016 < view >
  • NewActon East Valuation and Distribution Increase
    13 July 2016 < view >
  • Investor Newsletter
    1 May 2016 < view >
  • Investor Newsletter
    1 September 2015 < view >
  • NewActon East FY16 Distribution Forecast Increase to 8.60%
    10 June 2015 < view >
  • Now on HUB24 Platform
    1 May 2015 < view >
  • First Close Date Confirmed
    30 March 2015 < view >
  • Investor Newsletter
    1 March 2015 < view >
  • First Distribution Payment
    10 February 2015 < view >
  • Now 100% Leased
    11 November 2014 < view >


PDS
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NewActon East PDS 24 September 2014 < VIEW PDF >
  Photo Gallery
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NewActon East

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  Specialist Property Fund Manager – Identifying Value & Building Wealth
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