HDPF is a registered unlisted diversified property fund investing in direct property assets primarily in the commercial and industrial sectors.

HDPF is currently open for investment and provides quarterly distributions.

The principal aim of the Fund is to provide investors with capital growth over the medium to long term and regular income distributions with tax deferral benefits.

56 Clarence Street, Sydney, NSW (purchased 3 June 2010)

This property is an upper B-Grade commercial office building in Sydney CBD in close proximity to Wynyard Railway Station.

The property has four ground floor retail tenancies and 11 upper level commercial floors as well as two levels of basement parking for 18 cars.

A complete refurbishment was completed in 2009.  The building is considered “near new” status, and is designed to achieve a 4 star Greenstar rating and 4.5 star NABERS energy rating. 

Foundation tenants include SLE Worldwide Australia Pty Limited, Veridian Solutions and Japan National Tourism.

152 Wharf Street, Brisbane, Qld

A four level, 4,500 sqm and 49 car space commercial office building located on the fringe of the Brisbane CBD, some 500 metres from the Brisbane GPO. 

The property is wholly leased and occupied by Hatch Associates Pty Ltd, a leading international engineering consulting company focused on the resources sector.

 

8 Gardner Close, Milton, Qld

A modern four level commercial office building of 4,400 sqm with 1,000 sqm floor plates and 103 car spaces located in the Milton commercial precinct. 

The property is 100% leased to tenants including OAMPs Limited (a subsidiary of Wesfarmers Limited), Golding Contractors and McAfee Australia Pty Ltd. There is no lease expiry risk at the property until March 2013.

13 Spring Street, Chatswood, NSW

A seven level 4,000 sqm commercial building with 17 cars spaces located adjacent to Westfield Chatswood and the soon to be completed Willoughby Council Civil Centre.

The building is majority leased to medical and dental practicians and includes tenants such as HCF Australia, Public Trustee, Spastic Centre NSW and North Coast Radiology.

The property has recently undergone a significant lift upgrade.

67 Bellrick Street, Acacia Ridge, Qld

A 14,500sqm warehouse distribution facility in one of Brisbane’s most established industrial areas 13 kms from the CBD.

The property is wholly leased to CEVA logistics (Australia) formerly TNT Logistics.  The site has access to the Acacia Ridge rail line and consists of a modern, high clearance distribution facility with a significant breezeway and associated hard stand areas. 

 

494 Nudgee Road, Hendra, Qld

A strategically located warehouse distribution facility located on the junction of the East West Arterial and Nudgee Road. It is adjacent to the Airport precinct and enjoys direct access to the Gateway Motorway.

Hendra is one of the highest profile industrial precincts in Brisbane’s ‘Trade Coast’ and presents the Fund with significant long term value accretion.

The property is currently leased to Panasonic Australia Pty Ltd and Andrews Airport Parking.

99 Mount St, North Sydney, NSW *

A 10,400sqm property comprising 8,000 sqm of commercial office accommodation and 2,400 sqm of retail. 

The property occupies a prime corner site on Mount and Walker Streets with 67% of lease expiring post 30 June 2014. 

Major tenants include Raffles KVB Institute Pty Ltd, a subsidiary of listed Singapore-based company (Raffles Education Corp), Commonwealth Bank of Australia Limited, Aldi Foods Pty Ltd.

*Heathley Diversified Property Fund owns 14.2% of the Heathley Keystone Property Fund No. 28

10 Market Street, Brisbane, Qld (sold 1 June 2010)

A 15 level commercial office building consisting of 6,800 sqm of commercial and retail space and 2 levels of basement car parking for 58 cars.

This property was sold for $34,245,000 at 4% above its most recent valuation in August 2009.  The sale is in line with the Fund’s investment strategy to reweight the balance of commercial office assets to Sydney which is predicted to outperform other markets in the medium term.

 

24 Healey Circuit, Hungtingwood, NSW (sold 30 June 2010)

A 4,750 sqm warehouse distribution facility located in the well established Huntingwood industrial precinct with frontage to the M4 and close to the major transport interchange of the M7 and M4.

This property was sold for $5,450,000 in line with the March 2009 valuation.  The rationale behind this sale was to maximise price realisation and minimise the risk of reletting the property at the end of its current lease in 2012.