Macquarie Direct Property Fund is managed by Macquarie Direct Property Management Limited.
How we manage Macquarie Direct Property Fund
The Manager adds value to to the Fund through our extensive experience and access to resources throughout the Macquarie Group. We are responsible for the overall activities and strategy of the Fund, as well as coordinating operations and managing investments. Because underlying property performance drives earnings, we also work closely with the asset management team to ensure property business plans deliver income expectations.
In addition we are responsible for:
capital management, and raising debt and equity for acquisitions
managing financial risks through currency and interest rate hedging
investor and adviser communications
accounting, treasury, tax management and reporting.
The management team is led by:
Richard Stacker Chief Executive Officer
Portfolio and asset management
The asset managers work closely with customers with a view to developing strong relationships across the portfolio, helping us to retain customers and boost occupancies for Macquarie Direct Property Fund.
Asset management services in Australia are coordinated by Macquarie Asset Services Limited (MASL). This team works with the Fund's management team to develop and execute business plans for each property, including strategies for leasing, capital expenditure, holding or selling assets, refurbishment, rental growth, maintenance and management contracts.
Other services MASL provides include:
engineering expertise to oversee tenancy fitouts, capital expenditure, refurbishment and development activity
due diligence services for acquisitions and disposals
environmental sustainability and regulatory compliance of properties.
This information has been prepared by Macquarie Direct Property Management Limited ABN 56 073 623 784 (MDPML), a wholly owned subsidiary of Macquarie Group Limited ABN 94 122 169 279 (Macquarie Group) and the responsible entity of Macquarie Direct Property Fund (MDPF or Fund) for general information purposes only, without taking into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should consider whether you should obtain financial, legal and/or taxation advice.
Units in MDPF are issued by MDPML. Potential investors should consider the Product Disclosure Statement (PDS) for MDPF when making an investment decision in relation to units in MDPF. To obtain a copy of the MDPF PDS, call us on 1300 652 790 (local call cost).
MDPML does not receive fees in respect of the general financial product advice it may provide, however it will receive fees for operating MDPF which, in accordance with the MDPF constitution, are calculated by reference to the value of the assets and the performance of MDPF. Macquarie Investment Management Limited is entitled to fees for acting as manager of the listed property securities portfolio. Entities within the Macquarie Group may also receive fees for managing the assets of, and providing resources to MDPF. For more detail on fees, see the MDPF PDS. To contact us, call 1300 652 790 (local call cost).
Past performance is not a reliable indicator of future performance. Investors should consult the MDPF PDS for full details of any forecasts detailed and the assumptions upon which these forecasts are based. Investors should be aware that these are forecasts and may be affected by the accuracy of assumptions, risks and other uncertainties as set out in the MDPF PDS, which may cause the actual returns to differ.
Macquarie Direct Property Management Limited ABN 56 073 623 784 (MDPML) is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and MDPML's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL provides a limited $5 million guarantee to the Australian Securities and Investments Commission in respect of MDPML's Corporations Act obligations as a responsible entity of managed investment schemes. Neither MBL nor any other Macquarie Group entity otherwise provides assurances in respect of the obligations of MDPML.
