PFA Diversified Property Trust
The PFA Diversified Property Trust (PFA) is a diversified property trust across geographic location, property sector, tenant profile and lease expiry within Australia. Direct property sectors include commercial, retail, hotel and industrial. The Trust was established in 2003.
ARSN 097 860 690
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): $0.89 (unaudited)
- NTA as at 30 June 2011: $0.95 (audited)
- NTA as at 30 June 2010: $0.9945 (audited)
- Fund size: $540,058,000
- 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
2 February 2012
Further to the below update, contracts were exchanged for the sale of Citigate Perth in December 2011 and settlement is expected in late February 2012 following the completion of the liquor license transfer process. A further update will be provided upon settlement.
23 November 2011
We are pleased to report the Citigate Melbourne Hotel settled for $31,000,000 on 22 November 2011.
19 October 2011
Citigate Hotels (Melbourne and Perth)
Consistent with the strategy to restructure the Trust’s portfolio to commercial properties, both Citigate Hotels have been extensively marketed for sale.
On 28 September 2011 a contract for $31 million was exchanged on the Citigate Melbourne Hotel. It is expected this contract will settle in November 2011.
An exclusive due diligence period has been entered into with a potential purchaser for the Citigate Hotel Perth and it is hoped contracts will be exchanged in November 2011.
McDowell Street, Welshpool, WA
The property at 33 McDowell Street, Welshpool, WA was sold for $9.5 million. The sale settled on 21 July 2011 and proceeds were used to reduce debt.