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MacarthurCook Industrial Property Fund (MIFS) is a pure property fund listed on the ASX on 5 December 2007. MIFS was originally established in December 2003 as an unlisted property trust, and since inception it has achieved some significant results, including 13.21% p.a. return to investors and has more than doubled in total assets under management.
The existing portfolio consists of 14 industrial properties across five Australian states, and is very well diversified by international and Australian tenant use and business operations.
The Fund’s immediate-term aim is to expand its’ international exposure into the Asian and European industrial real estate markets. MIFS will initially make an investment in the Asian industrial real estate market through MacarthurCook Industrial REIT (MI-REIT), which is listed on the Singapore Exchange Securities Trading Limited (SGX-ST). Additionally, MIFS will acquire direct industrial property in Europe, which will be managed at an asset level by a property manager located in Europe.
MIFS is well placed to take advantage of opportunities as they arise in Asia and Europe, and will suit investors who prefer the liquidity that listed property trusts offer, providing total return through quarterly income distributions and capital growth.
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