Introduction

The Cromwell Property Fund (CPF) is a diversified, open-ended, unlisted property fund and aims to provide tax deferred1, monthly distributions from a $472 million and growing Australian property portfolio.

In FY08, the CPF delivered:


  • 100% tax deferred distributions 
  • 8% pa monthly distributions

Investment Strategy

The Fund contains 11 properties across 5 States and Territories and will acquire additional assets which we believe will allow the Fund to continue to provide investors with stable monthly distributions, tax deferred1 income and, wherever possible, also create an opportunity to deliver capital growth potential.4

Features

  • Attractive monthly distributions

    Since its commencement, the CPF has distributed not less than an annualised 8 cents per unit.2

  • Up to 100% tax deferred1

    Up to 100% of distributions may be tax deferred.
    Deferred tax may be reduced in future by capital gains tax discounts or other individual investor circumstances.

  • Blue chip tenants

    63 tenants with 86% of gross rental income coming from Government or blue chip tenants and a 4.4 year weighted average lease term.3

  • Investment Diversity

    The CPF contains 11 non-residential properties across 5 Australian States and Territories valued at $472 million.3

  • Daily unit pricing

    To better reflect the value of investors’ holdings.

  • Limited monthly withdrawal facility

    This allows investors to exit the Fund on a monthly basis subject to the facility limits.

  • Ability to reinvest distributions to compound growth

  • Potential for capital growth4

How to Apply

 

  • Minimum application $10,000, then in multiples of $1,000 unless agreed otherwise with Cromwell. 
  • Applications must be made on an application form from the Product Disclosure Statement (PDS) dated 12 October 2007. 
  • Cheques should be made payable to Trust Company Limited ACF CPF Applications. 
  • Direct deposits can be made to: Trust Company Limited ACF CPF Applications A/C BSB: 034 002 Account: 337892 Account held with Westpac, Queen Street, Brisbane. If making a direct deposit please advise our Investment Administration team via email to invest@cromwell.com.au

 

Platform Availability

 
Currently available on BT Wrap, Macquarie Wrap, Netwealth, Avanteos and Oasis. For further details please contact your provider.
 

Latest News

Quarterly Property Revaluations

16/09/2008

Approximately 25% of properties (by value) held by the Cromwell Property Fund were independently revalued in the quarter ending 30 September 2008, in line with the Product Disclosure Statement dated 12 October 2007.

Partial Withdrawals

16/09/2008

Cromwell advises that withdrawal requests for the Cromwell Property Fund made from August 2008 will be paid as partial withdrawals in line with section 8.5 of the Fund’s Product Disclosure Statement dated 12 October 2007.

Cromwell Property Fund Quarterly Revaluation Increase

16/07/2008

For the quarter ending 30 June 2008 the Fund revalued 321 Exhibition Street, Melbourne, with a valuation increase from $123.5 million to $125 million. The valuation result is an excellent outcome for the Fund in the current volatile market.

Featured Properties

Lovett Tower

Lovett Tower
Owner:
Cromwell Property Fund
Sector:
Commercial
Address:
13 Keltie Street, Woden, ACT  
Acquisition Date:
21/12/2006  
Value:
$77.0m

Located at Woden in the ACT, Lovett Tower is nearly 100% leased to the Federal Government’s Department of Veteran Affairs until 2016. The asset is an excellent fit for the Cromwell Property Fund portfolio, and with 22 levels of office accommodation, Lovett Tower is also Canberra’s tallest building.

 

experienced Fund Manager


Cromwell is an Australian owned property investment company with a proven track record of developing high quality, high yielding investment products.

With investor returns relying on the continued occupancy and improvement of the portfolio, Cromwell is committed to internal property management for its $1.7 billion assets under management.

Notes


1. The proportion of distributions that are tax deferred is dependent on a number of factors (for example building amortisation and depreciation of plant and equipment) and will vary from year to year. Deferred tax may be payable, in whole or in part, on the sale, transfer or redemption of units in the CPF (ARSN 119 080 410).
2. Past performance is not an indication of future performance.
3. Figures at 30 June 2008.
4. Capital growth is not guaranteed.


Units in the CPF are issued by Cromwell Property Securities Limited (ABN 11 079 147 809, AFSL 238052). Application for units can only be made on the application form in the Product Disclosure Statement (PDS) which can be obtained by contacting Cromwell Investor Services on 1800 334 533 or from the Product Documents link at the top of this page. This information has been prepared without taking into account your objectives, financial situation or needs. Therefore, in deciding whether to acquire or continue to hold an investment in CPF, you should consider the PDS and assess, with (or without) your financial or taxation advisor, whether the product fits your objectives, financial situation or needs.

Cromwell Property Fund

Issue Price: $0.8725
Withdrawal Price: N/A
as at 20 November 2008




Advisor Information

Specific Information for Advisors


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This content has been prepared without taking account of your objectives, financial situation or needs. In deciding whether to acquire or continue to hold an investment you should consider the Product Disclosure Statement (PDS) available from Cromwell and assess, with (or without) your financial adviser, whether products fit your objectives, financial situation or needs.