Investment objectives, restrictions and guidelines
Target | Actual 2023 | |
Investment objectives | ||
Long-term average annual total return | 6.0-7.5% | 3.6% |
Focused segmentation | ||
· Investments in Experience & Convenience | > 70% | 92.7% |
· Investments in Mixed retail | < 20% | 4.5% |
Investment restrictions | ||
Invested in single investment property | < 15% | 22.9% |
Invested in non-core (non-retail) property | < 10% | 0.3% |
No investment will have a material adverse effect on the Fund's diversification guidelines | 0 | 0 |
Total (re)development activities shall not exceed 5% of the total value of the portfolio | < 5% | 0% |
(Re)development restrictions | ||
% of the Fund's total investment portfolio value | <5% | 0% |
Diversification guidelines | ||
Invested in Experience retail | 40-60% | 50.0% |
Invested in Convenience retail | 40-60% | 42.7% |
Invested in Mixed retail | < 10% | 4.5% |
Invested in low and medium-risk investments | > 90% | 95.8% |
Total income of single tenant may not exceed 15% of total potential rental income | < 15% | 11.9% |