Chevron Renaissance Property Trust

    Fund Overview

    The Chevron Renaissance Property Trust (Trust) was established in 2005 and owns the Chevron Renaissance Shopping Centre located in the tourism heart of Surfers Paradise in Queensland.

    As this investment is a fixed–term Trust, a withdrawal facility is currently unavailable and the Trust is not making distributions to investors.

    Portfolio Overview

    The Trust holds a single shopping centre asset. The Chevron Renaissance Shopping Centre is anchored by a Coles supermarket with rising annual turnover figures. The property also comprises specialty shops, ATMs, office suites and car park. 

    Strategy of the Fund

    The reduction of the fund’s gearing level remains a key priority. All free cash currently generated by the asset is being used to service debt facilities and this position will remain in place until the Trust’s expiry in 2012. Should a sale of this property take place upon wind up, proceeds of the sale will be distributed to Trust unit holders.

    Focus is also being directed towards leasing vacant office space and renegotiating lease agreements that are due to expire in the next two years.

    For information on our Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) requirements click here

    Arena Investment Management Limited ABN 23 077 235 879 AFSL No. 233190 has prepared this for general information only. It does not take into account your current or future financial circumstances. It is important for you to consider these matters before you make an investment decision on holding or acquiring these products. For further information please contact your financial planner or Arena Investor Services on 1800 008 494.

    This Fund is currently closed to applications. Please contact Arena Investor Services on 1800 008 494 for further information.