Monday, March 6, 2017

Mirae Asset Management, 1400 billion "Building Canberra, Australia 'real estate fund market contest



[Korea goyounghun financial newspaper reporter] Mirae Asset said the recruits' Mirae Asset Maps Australia real estate IPO fund that invests in Federal Ministry of Education building, located in Canberra, Australia said Monday. Last year, the first year following the real estate IPO funds of Mirae Asset Las Daly real estate funds.

Fund-scale recruitment can sign up through the KB Kookmin Bank, Daewoo, Mirae Asset, Shinhan Bank, Woori Bank branch to a 141 billion won, coming 17th.

The maturity is 5 years and 6 months from the inception closed structure can not repurchase the middle. Within 90 days after it is set on the Korea Exchange it traded for investors to provide liquidity and hwangeumseong.

Investment is located in a crowded into a 12-storey building completed in the Australian capital of Canberra Civic center area 2010 agencies. Close to major business and commercial facilities, excellent accessibility to, and was given the highest rating in the friendly Canberra.

Australian Ministry leased the entire building is an S & P AAA rating granted based on Commonwealth of Australia's highest decision-making in educational institutions affiliated organizations. Gotta work for building facilities and commercial facilities 100% long-term contract to lease up to 5 April 2025, and it is possible to exercise an option to extend to five years.

Rents are fixed to rise by 3.35% a year is expected to be able to secure stable rental income. Through next year once the market assessment is adjustable from 5% the previous rent.

The Fund does not conduct hwanheji revenue is linked to the Australian dollar may result in gain or loss upon sale of real estate sold. Dividends are expected to be paid every half-year end in June 2017. Mirae Asset Global Investments overseas property investment, even while leading the domestic office buildings started to invest in the nation's first real estate fund launched in 2004 has seen a positive move.

Mirae Asset Global real estate sector choechanghun president "is leading to the popularization of Mirae Asset Management Alternative Investments" and "We MAS leverages its global network, discovering the world's blue-chip assets beyond the country can be an investment solution on the low interest rate era, actively I will, "he said.



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