News Archive: October

Specialist property funds management group, Orchard Funds Management today announced that the Orchard Diversified Property Fund (the Fund) has received a “Recommended (Upper End)” rating from independent research house, Lonsec Limited for the third consecutive time.
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Specialist property funds management group, Orchard Funds Management, has announced the acquisition of 85 Harrington Street, Sydney for AU$54.5 million with a market yield of 6%. The asset will be held by The Commercial Office Fund. Read more

Specialist property funds management group, Orchard Funds Management, has announced the acquisition of the Eden Business Park in Mt Eden, Auckland New Zealand for NZ$102.6 million with a yield of 8%. Read more

Settlement of the purchase of the above property occurred today. All properties within the Fund’s portfolio, as detailed in the Product Disclosure Statement dated 31 May 2007, have now been settled.
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