Australian Unity Investments wins Australian Property Institute NSW Excellence in Property Award for 2013

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Australian Unity Healthcare Property Trust has been named the winner of the 2013 Australian Property Institute NSW Excellence in Property Awards in the Property Trust Industry category.

The Trust is an unlisted property trust that invests in healthcare related property assets with a primary focus on delivering regular income, plus the opportunity for long-term capital growth.

The API Commonwealth Bank of Australia Property Trust Industry Award is made to a listed  or unlisted property trust or property syndicate that shows superior industry performance through such attributes as innovation, financial performance and public accountability.

This is the second award for Australian Unity Investments this month. It was also named the winner of the Professional Planner/Zenith Investment Partners Direct Property Fund Manager of the year award for 2013.

This Award is recognition of the Trust’s reputation for innovation and successful property development,” says Mark Pratt, AUI’s head of property, mortgages and capital markets.

“These respected and prestigious awards recognise outstanding achievement in the property profession and the built and natural environments. Being awarded winner in the Property Trust Industry category is a strong endorsement of our investment approach and our achievements on behalf of our investors.

“Over the past three years, the Trust has launched a series of innovative brownfield developments designed to boost investor returns and respond to increased tenant demands for more space and increased capacity.

“The Trust maintains a pipeline of development projects to grow and enhance the existing properties in its portfolio. In addition, given considerable investor support over the past year, the Trust has built significant capacity for further acquisitions.

“Fundamentally, we believe demand for private healthcare services will continue to grow. Already there is substantial evidence of expanding demand in the sector and the Trust stands ready to capitalise on this for the benefit of its investors.”

Over the past 13 years, the Trust has grown to become one of the largest and highest-rated unlisted property funds in Australia. Today, the Trust has a diversified tenant base and a quality direct portfolio of 24 healthcare properties across Australia, which together with its other assets, are valued $485.5 million (30 September 2013).

AUI has been managing property funds for 14 years, and is a leader in property management. It manages a range of diversified property funds, covering healthcare, retail, industrial, commercial and office property and has over $1.7 billion in property assets under management (as a 30 September 2013).

Australian Unity Investments is the funds management arm of Australian Unity – a national healthcare, financial services and retirement living organisation. A mutual organisation operating for over 170 years, Australian Unity provides services to some 600,000 Australians, including 320,000 members.

The property funds management business has over $1.7 billion in funds under management (as at 30 September 2013). Australian Unity Investments’ unlisted property funds and syndicates own more than 50 properties in the healthcare, retail, industrial and office sectors, in Victoria, New South Wales, Queensland, ACT, Western Australia and South Australia.

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For more information please contact:

Mark Pratt

Head of Property, Mortgages & Capital Markets

Phone: 03 8682 4448

18 October 2013