Overview

Our office real estate fund offers investors exposure to high quality assets across the principal office markets in Australia and New Zealand. With a focus on quality property and strong lease covenants, the Fund aims to provide strong risk-adjusted performance, with income and capital growth over the long-term.

Our real estate portfolio management team focuses on building a selection of assets that is well placed in terms of occupancy and lease expiry, and applies an active asset management and leasing strategy.

The fund has 14 properties under management with a total fund size of over A$2.5 billion*.

The fund’s key characteristics include:

• low volatility
• diversity
• underpinned by strength in income

*as at 31 March 2011

Key benefits

The key benefits of our office fund include:

• access to an established portfolio of office properties diversified by geographic location and lease expiry profile – as at 31 March 2010, the portfolio contains 14 premium office properties, primarily in the Sydney and Melbourne CBD
• the potential for a consistent and sustainable income stream – the portfolio has an excellent tenant retention and high occupancy rate of 97.1% (as at 31 March 2011)
• the potential for capital growth – Australian office markets have solid fundamentals and there is a limited supply of premium grade assets in Sydney and Melbourne
• a sound risk-adjusted return – the diversification of the fund and the stability of the income stream mitigates against risk
• access to AMP Capital's expertise and experience in sourcing and managing office property assets – with over 45 years of experience AMP Capital is one of the largest institutional real estate managers in the Asia Pacific region

Fund investment team

• Henry Elliott, Fund Manager
• Dimitri Soulos, Fund Analyst
• Chris Judd, Head of Property Funds Management

Henry Elliott

Fund Manager

Henry Elliot has over 25 years of experience in the property industry, both in Australia and the UK, and has been managing this fund since its inception in May 2004. Mr Elliot joined AMP Capital in 1999 and managed the Property Transactions team before managing the AMP Statutory Fund No 1 property portfolio.

Dimitri Soulos

Fund Analyst

Dimitri Soulos is the Fund Analyst for the fund, supporting the Fund Manager in the implementation of the Fund’s investment strategies. Mr Soulos holds a Bachelor of Property Economics from the University of Technology.

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Chris Judd

Head of Property Funds Management

Chris Judd is the Head of Property Funds Management, where he is responsible for overseeing AMP Capital’s various real estate funds and the Property Portfolio Service to ensure delivery of investment performance and strategic growth goals. Mr Judd brings more than 22 years’ experience in the real estate industry to the role, having broad real estate funds and capital markets experience.