Although under our two year property valuation cycle with the banks none of the Trust's properties were due for valuation in June, it was nevertheless thought prudent to have a number of the properties valued for the 30 June 2010 audited financial statements. Following is a summary of all the Trust's properties, comparing the latest valuation to the 30 June 2009 valuation. 

As a result of the likely unit value of $1.00 at 30/6/10, the decision has been made to reduce the price at which distributions are reinvested to $0.75 per unit (currently $1.00 per unit). This represents a discount of 25% from the current unit value which is encouragement for investors to participate in the Distribution Reinvestment Plan (DRP). The reduced buy in price will apply to units reinvested from 1 July 2010.

Any unit holders who would like to take advantage of this discount need to complete and return the DRP form to us. To download the distribution reinvestment form please click here >>