Dexus Wholesale Shopping Centre Fund
A portfolio of high-quality shopping centres
The objective of Dexus Wholesale Shopping Centre Fund (DWSF) 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-add 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 aims to enhance returns through active asset, capital and development management.
This fund is only available to Institutional Investors.
A sustainable income stream
The portfolio has excellent tenant retention and a high occupancy rate for consistent income.
Positioned for capital growth
Assets are well positioned for capital growth due to high income, population growth and development opportunity.
Active property, development and capital management optimise returns via an integrated model.
Bayfair Shopping Centre, Mount Maunganui
A single-level, regional shopping centre with a comprehensive retail mix.
Indooroopilly Shopping Centre, Indooroopilly
The regional centre for Brisbane's western suburbs, anchored by department stores, mini-majors, supermarkets and 280 specialty stores.
Macquarie Centre, North Ryde
A premium shopping destination with more than 360 specialty stores and two major department stores over four levels.
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 Derivative Risk Statement (which can be obtained by contacting us) 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 advisers before deciding to invest in the fund.
The fund's risk level is based on the estimated number of negative annual returns for the fund over any 20 year period and is not a complete assessment of the risks of investing in the fund. For instance, it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the fund, you should read the fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment timeframe.
Dexus Funds Management Limited as responsible entity of Dexus Property Trust and Dexus Operations Trust (Dexus) recently acquired the responsible entity AMP Capital Funds Management Limited (Responsible Entity) of Dexus Wholesale Shopping Centre Fund (Fund). Following the acquisition, Dexus intends to change the legal name of the Responsible Entity to Dexus Capital Funds Management Limited. Dexus has registered the proposed name of the Fund and Responsible Entity with the Australian Securities and Investments Commission. Subject to regulatory filings and approvals, the change of name is expected to be completed in 2023.
AMP Capital Investors Limited (Investment Manager) remains the investment manager of the Fund. Dexus has also recently entered into a conditional agreement to acquire the Investment Manager, with completion of the acquisition expected to occur following receipt of a required regulatory consent.
Dexus Falcon Pty Limited is licensed to use the AMP Capital trade marks by AMP Limited. AMP Limited announced the sale of AMP Capital’s real estate and domestic infrastructure equity business to Dexus Funds Management Ltd on 27 April 2022. Dexus Falcon Pty Limited and its products and services are not affiliated with, guaranteed by or endorsed by AMP Limited.
AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM), is the responsible entity of the Dexus Wholesale 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) (AMPCI) for the Fund. Dexus Funds Management Limited as responsible entity of Dexus Property Trust and Dexus Operations Trust (Dexus) recently acquired AMPCFM. 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 AMPCI, AMPCFM 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, neither AMPCI, AMPCFM nor any other Dexus group company makes any 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. AMPCI 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.
AMP Capital Investors Limited (“Investment Manager”) remains the investment manager of the Fund. Dexus has also recently entered into a conditional agreement to acquire the Investment Manager, with completion of the acquisition expected to occur following receipt of a required regulatory consent.