Austgrowth Property Syndicate No. 21 (APS 21)
APS 21 consists of a modern, two-level commercial office building located in Cairns in Far North Queensland purchased in February 2004. The building is currently fully-leased as a medical facility.
ARSN 107 016 044
Responsible Entity APGF Management Limited
ACN 090 257 480 AFSL No. 229287
- Financial Statistics as at 30 September 2011
- Net Tangible Assets per unit (NTA): $1.52 (unaudited)
- NTA as at 30 June 2011: $1.52 (audited)
- NTA as at 30 June 2010: $1.52 (audited)
- Approximate Value: $11,100,000
- The NTA does not represent the return an investor will receive on final settlement as it does not consider future performance, distributions, disposal costs or achieved sales price. The NTA should be used as a guide only and is calculated using the latest valuation
16 January 2012
The distribution for the December 2011 quarter has been paid at the new higher rate as outlined in the letter to investors dated 13 December 2011.
APGF’s asset management team have secured new lease terms with all tenants and will look to market the property for sale in the second quarter of 2012.
The next update will be provided in the December 2011 Investors’ Report due to be mailed in April 2012.
25 August 2011
APGF Management Limited's asset management team has been working closely with the managing agent and tenants to secure long term lease renewals in order to place the property in the best possible position for sale. It is likely the property will be marketed for sale in the second quarter of 2012.