Davy Irish Property Fund images of Dublin properties

FUND HIGHLIGHTS

€14,827.53 Unit Bid price 31st January

€15,640.05 Unit Offer price 31st January

€330.87 million Net Asset Value as at 31st January

€19.4 million Projected Income for 2016

5% Projected Distributions for 2016*

*based on valuation as at 31st December 2015

INVESTMENT OBJECTIVE

DIPF’s investment objective is to achieve stable income and capital appreciation through long term investment in and management of Irish commercial property. The Fund’s focus is on the Dublin market and 97% of its portfolio is located there.

FUND FACTS

As at 31st March 2016, the Fund has:

  • 32 assets and 127 tenancies
  • Projected income for 2016 of €19.4m
  • Projected income distribution for 2016 of 5%
  • Vacancy of 3.4%.

PORTFOLIO

The portfolio at 31st March 2016 is

  • 59% in office assets
  • 37% in retail assets
  • 4% in industrial assets

DIPF’s sectoral split is broadly in line with the Investment Property Databank (IPD) index for Ireland.


HISTORY

The Fund has been in existence for over 40 years and was previously named the Allied Irish Property Fund and the Prescient Property Managed Fund. Following the purchase of Prescient by Davy in January 2014 the management of the Fund was taken over by Davy Real Estate. Davy Real Estate manages in excess of €1.3 billion* of property assets in Ireland.

ADDITIONAL INFORMATION

Interested parties can, on request, receive more information on Davy Irish Property Fund (DIPF) in the form of an Information Memorandum and a Fund Overview. These documents are available from Davy, Davy House, 49 Dawson Street, Dublin 2. Investors are advised to read these documents prior to making an investment decision.


The Fund is a real estate-based investment, is speculative and requires a long-term commitment, with no certainty of return. There can be no assurance that the Fund will achieve its Investment Objective or that an investor will recover the full amount invested in the Fund. Many of the investments will be highly illiquid.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in this product you may lose some or all of the money you invest.


* As of 30th June 2015