Investa Diversified Office Fund
Investa Diversified Office Fund (“IDOF”):
- is an established real estate fund which holds interests in office buildings in most of Australia’s major centres
- borrows to invest and fund capital expenditure
- aims to optimise distribution returns and provide capital growth
- is the first retail property fund to receive certification from the Responsible Investment Association Australasia (RIAA). Further reading below:
For more detailed information on RIAA’s Certification Program.
For more specific information on Investa’s Responsible Investment Methodology.
Further details about Investa’s approach and achievements in Sustainability can be found in our Sustainability section.
Fund Snapshot
| Item |
Position at 30 June 2010 |
| Fund size (total assets) |
$361.70m |
| Minimum initial investment |
$10,000 |
| Unit pricing |
Weekly |
| Withdrawals |
Suspended |
| Distributions |
Suspended |
| DRP |
Suspended |
| Management fee |
0.70% p.a. |
| MER (ex performance fee) |
0.86% p.a. |
| Indirect cost ratio |
2.12% p.a. |
| Commission to advisers |
Up to 4% |
| Total borrowings drawn |
$203.35m |
| Gearing ratio |
56.2% |
| Interest cover |
0.97x |
| Debt maturity date |
March 2011 |
| Number of investors |
2,810 |
| APIR Code |
IPL0001AU |