About the Group
Fund Overview
APN European Retail Property Group (the Group) is a listed property trust (ASX code
AEZ) which operates under a stapled security structure. The Group is invested in
a portfolio of 34 retail properties as at June 2008 located in seven countries across
Europe. The Group is managed by APN Funds Management Limited (APN FM).
Investment Objectives
APN FM has a clear and focused objective of growing unit holder value, through investment
in European retail properties which offer secure income streams and have the potential
for capital growth.
Following the stapling of AEZ, the Group may also undertake a range of additional
activities including:
- Property development and refurbishment
- Property and asset management
- Commercialisation
- Creating retail property syndicates.
Investment Strategy
The Group’s strategy is to invest in a diversified portfolio of retail properties
throughout Europe. Additional acquisitions for the Group will be assessed by APN
FM according to established investment criteria, including the following:
- properties located through out Europe
- retail properties, from supermarkets to leisure and regional shopping centres
- properties generally in strong demographic regions with high occupancy levels
- acquisitions expected to add value to the Groups’s long term earnings or asset allocation
or a combination of both.
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