A portfolio of high quality shopping centres with a core holding of super regional shopping centres
The objective of the AMP Capital Shopping Centre Fund (ASCF) is to maintain a core holding of super and major regional shopping centre assets, supplemented by exposure to sub regional and neighbourhood shopping centre assets that provide value adding opportunities.
The risk profile of the Fund is core, with an emphasis on low volatility, underpinned by a diverse and robust income stream. The Fund will look to enhance returns through active asset, capital and development management. ASCF is committed to a high standard of corporate governance and transparency decision making for all investors.
The portfolio has an excellent tenant retention and high occupancy rate.
Assets with characteristics such as high income levels, strong population growth, that dominate the trade area and have development opportunity, are well positioned to provide capital growth.
Active property, development and capital management to add value and optimise returns, via an integrated model.
What are the key risks?
Risks specific to property investments include illiquidity, as well as the risks of investing in property markets. In addition, the risks associated with interest rates, gearing and the cost of debt, derivatives, investment management, co-ownership of assets, fluctuations in rental income, rental demand and fund termination risks.
Prospective investors should refer to the Investment Memorandum and consider factors relating to investment risks. As a result of risk factors, as well as other risks inherent in any investment, an investment in the fund is not appropriate for all investors. There can be no assurance that the fund will meet its investment objective or that investors will receive a return of their capital. Prospective investors should consult with their own advisors before deciding to invest in the fund.
Meet the team
|Product marketing name||AMP Capital Shopping Centre Fund I - Wholesale|
|Investment objective||To provide total returns (income and capital growth) after costs and before fees and tax, above the Fund's performance benchmark over a 3 year rolling average basis.|
|Minimum suggested timeframe||10 years|
|Product inception date||25 Feb 2003|
|Benchmark||Mercer /IPD Australian PPFI Retail Index - Post Fee|
AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM), is the responsible entity of the AMP Capital Shopping Centre Fund (Fund)(ARSN 103 738 834) and the issuer of the units in the Fund. To invest in the Fund, Investors should consider the current information memorandum or other offering or placement memorandum (Offer Document) available from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) (AMP Capital) for the Fund. The Offer Document contains important information about investing in the Fund and it is important that investors read the Offer Document before making a decision about whether to acquire units in the Fund. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this document, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. Actual future results and operations could vary materially from any forecasts, estimates, or opinions. AMP Capital will not necessarily update the recipient of this document if any facts set out in this document subsequently change. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to their objectives, financial situation and needs. This content is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest.