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Dornbusch Partners is currently offering the following Direct Property Investment opportunity to clients seeking reduced volatility, regular income and some potential for capital growth.
Charter Hall Group (ASX:CHC) is one of Australia's leading fully integrated property groups, with 20 years' experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $10 billion of funds under management across the office, retail, industrial and residential sectors.
DIF provides investors with regular income streams sourced from high quality new industrial properties leased to high profile national and international tenants.
The Key features of the offer
- 8% forecast yield
- Defined exit mechanism and liquidity event (7 years)
- Distribution payable quarterly
- Long dated leases to investment grade tenants (average lease expiry 15 years)
- Newly completed buildings
- Fixed rental increases and minimal ongoing capital expenditure requirements
The fund currently has interests in 4 buildings with the intention of a maximum of 8 properties. The properties are leased to Toll, Australia Post, Coles Group and Grace.
Brochure is available here if you would like more information and a Product Disclosure Statement (PDS) by clicking here.
General Advice Only. This information has been provided without taking into account any particular investors objectives, attitude to risk, financial situation or needs. For this reason it is important that you consider the PDS for the offer and discuss it further with your financial adviser before making any investment decision.
Wagners announces sale of selected construction materials assets
Construction materials and mining services group Wagners today announced it has entered into an agreement with Boral Limited for the sale of selected Wagners construction materials assets. The sale agreement relates to less than 25% of the total Wagners business. There is no change to the ongoing ownership of Wagners, a family-owned business based in Toowoomba, Queensland.
The sale price of the assets is $173 million.
The sale is expected to complete in the second half of calendar 2011 subject to Australian Competition and Consumer Commission (ACCC) approval.
Wagners Managing Director Denis Wagner said the sale did not include the Wagners name and brand. Mr Wagner also advised the Wagner family would continue to operate the company under the Wagners name.
Following the sale, Wagners will retain a significant portfolio as one of Queensland’s largest privately owned construction and mining services companies. Divisions will include cement, composite fibre technologies, global projects and services, oil and gas services, reinforcing steel, pre-cast concrete and a projects business supplying on-site concrete, transport and contract aggregate crushing services.Wagners will also retain a very significant property portfolio including long term leases with Boral for itsWellcamp and Kildonan quarries.
As part of the sale agreement,Wagners’ Cement Grinding Plant located at Pinkenba in Brisbane will have a long-term cement offtake agreement, at market rates, with Boral that will underpin Wagners’ production capacity going forward.
Assets which are subject to the sale agreement are fixed concrete plants, concrete pumping, quarrying assets across the Darling Downs and bulk transport excluding an innovative cement delivery system using ISO tankers.
“The sale of these selected assets is in line with the outcomes of our strategic review and is consistent with our intent to focus on those parts of the business which have exceptional potential for growth,” Mr Wagner said.
“We are actively pursuing opportunities for these businesses, which include supplying materials and services to the resources and infrastructure sectors.
“We see the sale of these selected assets as a positive step for readying the company for an exciting new growth phase including a potential share market listing for which we have retained Wilson HTM as advisors.”
Wagners employs approximately 1000 staff with about 275 of these employees to transfer to Boral. All staff will retain their jobs.
Mr Wagner said all Wagners businesses were continuing to operate as usual during the asset sale process.
BHP Billiton today announced an off-market tender buy-back (Off-Market Buy-Back) of BHP Billiton Limited shares.
BHP Billiton Limited will repurchase shares under at a discount of at least 10 per cent to the volume weighted average price of BHP Billiton Limited shares over the five trading days up to and including the closing date of the Off-Market Buy-Back. Eligible shareholders of BHP Billiton Limited may tender some or all of their shares at discounts of between 10 per cent and 14 per cent inclusive (at 1 per cent intervals) to the Market Price or as a final price tender (which is simply an election to receive the final buy-back price). The final buy-back price will be determined according to the tenders lodged by eligible shareholders and the Market Price.
Eligible shareholders may choose to participate in the Off-Market Buy-Back for various reasons and in so doing may take account of the tax benefits that only arise under the Australian taxation regime.
For Australian tax purposes, the final buy-back price received by participating shareholders will comprise the following:
a) a capital component of A$0.28 per share; and
b) a fully franked deemed dividend equal to the final buy-back price less A$0.28 per share.
Off Market Buy Backs consisting of low capital components and high fully franked dividends can be powerful in super funds especially if they in pension mode.
For more information regarding the BHP buy back and if it is suitable for your circumstances, contact your adviser on 4639 2588.
A group of doctors and members of the Hume Ridge Church are heading to Uganda thanks to Dornbusch Partners and clients.
Headed by Toowoomba’s Dr Graham Emblem, the team of medical and spiritual professionals are getting ready to head to the African country to assist teams already on the ground dealing with the AIDS epidemic.
The trip is a follow up from a fundraising effort in 2009 that saw around $10,000 raised to build a school and school house.
There was so much positive feedback from the fundraising effort and ensuing trip to Uganda that the effort has been repeated this year with doctors and nurses getting ready to travel.
More than 350 young people from the Toowoomba region benefitted from the generosity of Dornbusch Partners and some of its clients.
The business supported the Primary Schools’ Basketball Competition recently with professional development, uniforms and referee fees.
With 35 teams of young people aged between five and seven, there were around 350 school-aged children participating in the competition, learning more about basketball, teamwork and how to live a healthy lifestyle.
Training for coaches, referees and scorers was undertaken prior to the competition and 28 uniforms purchased with the help of Dornbusch Partners and clients.
Organisers of the competition hope to open the hugely successful event to wider age groups in the future.
Dornbusch Partners supports events that promote preventative health measures and positive behaviour.
It is said a computer is obsolete as soon as you leave the store with it, but that doesn’t put people off having technology in their lives.
As financial planners we keep abreast of the latest technology that helps us help our clients create and grow their wealth, however we also recognise the need for it in other areas of our business.
Over the past few months, we have really invested in the business of keeping in touch with our clients through a new email server and communication system.
Part of our new communication strategy is the implementation of new client relationship management software.
This doesn’t mean when you call our offices you will get a recorded voice on the other line, it is a more efficient and effective way of us working for you to help reach your financial goals.
You still get our friendly Dornbusch Partners service manager or advisor when you call and we aim to pick up in five rings, every time!
What we have invested in is technology that keeps our clients’ information safe, valid and is easily updated, so we remain on track to achieve your financial goals.
That way we do not become obsolete for you!
With catch cries like “time poor” and “you are what you eat” people are busier than ever before and more obese on the whole.
By being committed to you – our best investment we see overall physical health as important as your financial health.
We’ve taken a look at the 2010 Heart Foundation Health Index Survey and urge you to give yourself a health check.
According to the report, 60% of people aren’t getting the recommended amount of physical activity each week and 47% responded they felt they were meeting the guidelines.
It might seem incongruous for us to be looking into these things, but a healthy lifestyle impacts on your current and future wealth.
You can save on insurance premiums if you are healthy and you can also look to planning a successful financial future when you are fit – plus you are more motivated, astute, concentrated and thus have the capacity to earn and invest more!
The survey also found 75% of adults felt they were meeting their vegetable consumption – that’s three pieces of fruit per day and five serves of veg if you’ve forgotten – and when questioned further admitted they weren’t meeting these goals.
Married people were more likely to report they had having ‘good’, ‘very good’, or ‘excellent’ health.
So with summer upon us as well as the financially challenging Christmas period, now’s the time to take some time out for a health and wealth check.
For the full article, please click on this link:
Zurich Heart Health Index 2010 final.pdf
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