Valad Opportunity Fund No. 11
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A unique and attractive property investment opportunity targeting an IRR of 17% or greater
Valad Commercial Management Limited ("VCML") is pleased to introduce the Valad Opportunity Fund No.11 ("the Fund"), a new unlisted property investment providing investors with a unique opportunity to participate in development and property repositioning style returns from a diversified range of projects located across Australia.
Key Benefits
2 This is not a forecast and should not be relied upon as such. The target return is based on certain assumptions and is subject to investment risks, further details of which are outlined in the PDS.
3 Adjusted NTA reflects the net tangible assets of the Fund at allotment adjusted to reflect the estimated market value of property inventory based on valuations as at 31 March 2007, resulting accrual of performance fees and deferred tax liability.
A unique and attractive investment opportunity
The Fund will provide investors with the opportunity to invest in five development and value adding assets located in New South Wales, Queensland and Victoria. Investors will have the opportunity to gain exposure to the attractive returns available from property development and repositioning activities. Where successful, these returns are generally higher than investors would expect to receive from investing in more traditional property trusts holding passive assets with limited development upside.
Potential for strong returns with diversified property exposure
The Fund will provide investors with exposure to a broad spectrum of property asset classes, including retail, industrial, residential and commercial property sectors that are diversified across a range of geographical locations. The Fund will aim to deliver to investors a target internal rate of return of at least 17%*, pre-tax and post fees and expenses.
* This is not a forecast and should not be relied upon as such. The target return is based on certain assumptions and is subject to investment risks, further details of which are outlined in the PDS.
Benefit from the expert management of Valad
Investors in the Fund will benefit from the expert management and experience of the Valad Property Group, a specialist property investment and funds management group founded in 1995.
Eligible to new and existing investors
Investment in the Valad Opportunity Fund No.11 is open to new and existing investors, individuals, companies and trusts. Prospective investors should read and refer to the Product Disclosure Statement before applying for Units in the Fund.
Details of the offer
| Application price (per Unit) | $1.01 | |
| Amount to be raised | Up to $27.294 million | |
| Minimum Application amount | 20,000 Units (application funds of $20,200) | |
| Target IRR | At least 17%* | |
| Adjusted NTA at Allotment | $0.953 |
Further information
Further information about the Offer can be obtained by downloading the electronic PDS. Alternatively, please contact your investment advisor or contact NAB on 1800 652 669.
DOWNLOAD the ELECTRONIC PDS
Click here to download the electronic PDS
You must read the PDS in connection with the National Privacy Notification and Financial Services Guide.
Click here to download the National Privacy Notification
Click here to download a copy of the Financial Services Guide
Risk factors
Prospective investors are encouraged to read the Product Disclosure Statement carefully and in its entirety before making an investment in the Fund. It is recommended that investors consult their financial advisor before making an investment decision.
Disclaimer
The units in the Valad Opportunity Fund No.11 ARSN 108 693 876 ("the Fund") are not deposits with, or other liabilities of, National Australia Bank Limited ABN 12 004 044 937 ("National") or other companies of the National group. Units in the Fund are issued by Valad Commercial Management Limited ABN 76 101 802 046 ("VCML"), as the responsible entity of the Fund ("Responsible Entity"). National does not guarantee the performance of the Fund or stand behind, in any way, the capital value or performance of the units or the investments made by the Fund. Investment in the units is subject to investment risk, including possible delays in payment and loss of income and principal invested.
Offers of units in the Fund are made in the PDS and units in the Fund can only be acquired on the application form included in, or a ccompanying, the PDS. Further copies of the PDS can be obtained by contacting National on 1800 652 669 or by visiting www.nabmarkets.com/valad.
The offer of units in the Fund is only open to Australian residents. By obtaining a copy of the PDS, you acknowledge and confirm that you are an Australian resident.
The information on this website has been made available to the recipient for information purposes only and is not intended to be, and does not constitute a product disclosure statement, prospectus, short form prospectus or profile statement as those terms are defined in the Corporations Act. It does not constitute an offer for the issue, sale or purchase of any securities, or any recommendation in relation to investing in the assets. Full details are set out in the PDS available as set out above.
While every care has been taken in the preparation of the information on this website, National makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Full details are set out in the PDS for the product. To the maximum extent permitted by law, National expressly disclaims all or any liability which may arise out of the provision to, or use by, any person of the information contained on this website. The information on this website has been prepared for the purpose of providing information only without taking account of any particular investor's objectives, financial situation or needs. An investor should, before making any decision whether to buy or hold units in the Fund, consider the full details set out in the PDS for the product (available as set out above), and seek professional advice, having regard to the investor's objectives, financial situation and needs.
National may provide debt, treasury, equity arranging and other services to the Fund or its controlled entities. These services are provided in various capacities as a third party as described in the PDS. National may act if necessary to protect its interests ahead of those of investors and other parties. In acting in its various capacities, National will only have the duties and responsibilities expressly agreed by it in the relevant capacity and will not, by virtue of acting in any other capacity, be deemed to hold any differing standard of care.
Forward Looking Statements
Without limiting the foregoing, any forecast, budget, target or projection is provided for information purposes only and comprises management estimates of future prospects. No warranty or representation is given as to the accuracy or reasonableness of any such forecast or projection or that any such forecast or projection will actually be met. As the achievement of any prediction as to results of subsequent trading is dependent upon future events, the outcome of which cannot be assured, the actual results achieved may vary materially from the forecast or projections. In all the circumstances, no warranty, express or implied, is given that these future matters will occur or that the future performance will be met. The Responsible Entity and National have provided this information on the basis that each recipient will carry out and rely solely upon its own investigation and analysis.
Code of Banking Practice
National has adopted the revised Code of Banking Practice 2003. For details of the Code contact National on 13 22 65 and select the option to speak to a Customer Service Representative, or visit us at nab.com.au. For information about National's dispute resolution processes click on Dispute Resolution.
Privacy and FSG
You must read the Product Disclosure Statement in connection with the National Privacy Notification and Financial Services Guide.
Acknowledgement
An electronic copy of the PDS may be downloaded by completing the acknowledgements below and selecting "continue". Please ensure that the downloaded PDS is complete. Neither the Responsible Entity, nor National are liable for any loss incurred from accessing or relying on the PDS download including, but not limited to, data corruption on downloading the PDS.
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