Dexus Community Infrastructure Fund
Positive community impact with stable, long-term returns
Dexus Community Infrastructure Fund (CommIF) provides wholesale investors with the opportunity for stable, long-term returns through investment in an unlisted portfolio of predominantly Public Private Partnership (PPP) social infrastructure assets in Australia and New Zealand. CommIF focuses on social infrastructure assets in health, education, corrections, community services, recreational facilities and similar social infrastructure sectors, where income is primarily derived from long-term, CPI-linked concession arrangements with government or high-credit quality counterparties.
CommIF assets typically comprise operational (brownfield) social infrastructure projects with stable, availability-based cash flows generated from long-term concession arrangements where the investment team can adopt a hands-on role in managing each asset during the period of ownership.
Availability-based revenues and high-credit quality counterparties provide stable, long-term "annuity style" income returns.
Exposure to defensive characteristics
Assets possessing revenue streams that are not highly correlated to macro economic conditions and/or asset usage.
Specialised PPP management team
Specialised PPP/large infrastructure practitioners with experience managing complex community projects and stakeholders.
Strong pipeline and
A consistent pipeline of investment opportunities with limited competition for secondary market (brownfield) assets.
Perth Stadium, Perth
A stadium with a capacity of 60,000 seats, catering to a range of sporting, entertainment and concert events.
Darwin Convention Centre, Darwin
The first PPP to be delivered in the Northern Territory, forming part of a 25ha, mixed-use waterfront development adjacent to the CBD.
NZ Carparks, Auckland
A portfolio of over 4,400 hospital car park spaces located at both Greenlane Clinical Centre and Auckland City Hospital in Auckland.
Royal North Shore Hospital, Sydney
The state's largest health PPP asset, Royal North Shore is a tertiary referral hospital and trauma centre with 750 beds.
Royal Adelaide Hospital, South Australia
One of the most advanced medical facilities globally, this hospital has 800 beds, 40 operating theatres and automatically guided vehicles.
What are the risks?
Risks specific to the fund include or are associated with providing adequate facilities management to maintain asset availability and revenue payments, and debt refinance margins. The fund assets carry no base interest rate risk. Please refer to the fund’s Information Memorandum and the Derivative Risk Statement for more information (which can be obtained by contacting us).
Dexus Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (DCFM), is the responsible entity (Responsible Entity) of Dexus Community Infrastructure Fund (Fund).
Investors should consider the Information Memorandum (IM) available from Dexus Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (DCFM) for the Dexus Community Infrastructure Fund (Fund) before making any decision regarding the Fund. The IM contains important information about investing in the Fund and it is important investors read the IM before making a decision about whether to acquire, continue to hold or dispose of units in the Fund. DCFM is the responsible entity of the Fund and the issuer of units in the Fund. Neither DCFM, Dexus, nor any other company in the Dexus 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, DCFM and Dexus make no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. 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.
DCFM is a member of a group owned by Dexus Funds Management Limited as responsible entity of Dexus Property Trust and Dexus Operations Trust (Dexus).