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Over $700m in WAPF: Australia’s largest direct property portfolio


AMP Capital announces the acquisition of Stud Park Shopping Centre in Victoria for $154 million.

The addition of the sub-regional shopping centre takes the value of the Wholesale Australian Property Fund (WAPF) to over $700 million, making it Australia’s largest direct property portfolio.

In this video, fund manager Christopher Davitt discusses the underlying reasons for acquiring Stud Park Shopping Centre and how this asset compares to others in the Wholesale Australian Property Fund. He also provides insights on the commercial property market and what the acquisition means for SMSF investors.

About Stud Park Shopping Centre

Stud Park Shopping Centre is an established centre situated in Rowville, approximately 30 km south-east of Melbourne’s CBD. Rowville is a large and established suburb comprising a diverse mix of residential, community, industrial and business park uses. The Centre is an approximate 26,000 square metre single level sub-regional shopping centre. Major anchor tenants include Woolworths, Coles and Kmart in addition to 58 specialty tenants and a council library. With over 1,500 car spaces, the buildings sit on approximately 11 hectares of land.

About the Wholesale Australian Property Fund

The Wholesale Australian Property Fund (WAPF) allows SMSF investors to access a diversified portfolio of quality Australian office, retail and industrial properties. Established in 1985, WAPF has 13 properties valued at approximately $700 million and aims to provide stable returns, made up primarily of income with some long-term capital growth. It targets assets which have high occupancy rates and stable income streams underpinned by leases to long-term, secure commercial tenants. Find out about how you can invest in a diversified portfolio of quality Australian commercial properties.

About the author
Christopher is the Fund Manager for the Wholesale Australian Property Fund. Christopher joined AMP Capital in March 2010 as a Portfolio Manager with responsibility for investing a $500m global mandate to invest in unlisted property funds. In September 2010, he became the portfolio manager of AMP Life’s $1.7 billion property portfolio.
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