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Welcome to the Australian Education Trust website
Australian Education Trust (“AET”) is the largest Australian
listed property trust investing in childcare properties within
Australia and New Zealand. At 30 June 2010 the Trust had
total assets under management of approximately $369 million
and 340 properties in its portfolio.
Management recognise Unitholders for their
patience and support during the past 12 months whilst we have been
dealing with AET’s major tenant in Receivership. Management has
undertaken positive steps to ensure Unitholder’s interests are
adequately protected through the de-risking program. The
successful assignment of the 193 leases to GoodStart, repayment of
the $80 million debt repayment obligation, payment of pre-ABC
Receivership outgoings and the recovery of the majority of costs
relating to the assignment of GoodStart will result in a more
favorable and stable future for Unitholders.
Management’s immediate focus is on
re-financing AET’s debt facility and the re-commencement of
distributions to Unitholders.
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