Australian Unity has purchased Westpac Funds Management, the responsible entity of a $400 million Diversified Property
Fund. The fund has been renamed the Australian Unity Diversified Property Fund. The acquisition has increased Australian
Unity’s property portfolio to $1.7 billion (as at 1 Oct 2010), an incredible achievement given the challenges the property
sector has faced over the last three years.
The Diversified Property Fund will expand Australian Unity’s property portfolio, diversify the product range it offers
investors and increase its scale in the property sector. It is a quality unlisted property fund with a portfolio of impressive
properties and a long list of well-known tenants.
Australian Unity’s aim is to continue to provide unit holders with consistent income as well as the potential for capital
growth and to return a measure of liquidity to the fund through patient asset and capital management.
Westpac took into account Australian Unity’s track record as a property fund manager and the proposed extension of the
debt facility term, as well as Australian Unity’s plans for the fund.
Retirement Village fund
Australian Unity Investments has launched a new unlisted property fund for institutional investors, the Australian Unity
Retirement Village Property Fund.
The fund involves Australian Unity Investments and Australian Unity Retirement Living bringing together their combined
expertise. It will buy well-established retirement villages that meet strict criteria, including the age of the site, resident
profile and location.
The purchased villages will be operated by Australian Unity, giving residents access to the benefits of our long-established
wellbeing philosophy in the delivery of services and activities.
Recent studies have shown a growing interest by older Australians in retirement villages, particularly those offering a
range of services and facilities such as workshops, gyms, adult education programs and social activities. Approximately six
percent of Australians aged over 65 will live in retirement villages by 2016, up from five percent in 2009, and increasing
to 7.2 percent by 2026*.
*Source: Retirement Living Australia (Colliers International market indicators report), 2009.
Australian Unity Investments Managed Funds Performance as at 30 September 2010*
*Returns are calculated after fees and expenses and assumes the reinvestment of distributions. Past performance is not a
reliable indicator of future performance. †Performance is calculated without distribution accrual with the exception of quarter
end. The information on pages 10-11 has been prepared by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS
Licence No 234454; Australian Unity Property Limited ABN 58 079 538 499, AFS No 234455; Australian Unity Finance Limited ABN
35 11 646 070, and Lifeplan Australia Friendly Society Limited ABN 78 087 649 492, AFS Licence No 237989. It contains general
information only and does not take into account your individual objectives, personal circumstances, financial situation or needs.
While every care has been taken in the preparation of this information, we reserve the right to make corrections. You should
seek your own financial advice from a financial services licensee or an authorised representative and you should read the relevant,
current Product Disclosure Statement (PDS) or disclosure document before deciding whether to acquire or to continue to hold a
product. You can obtain a copy of the current PDS by visiting australianunityinvestments.com.au