Australian Education Trust

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Page Last Updated: 8/27/2010

Page Description: Australian Education Trust (“AET”) is the largest Australian listed property trust investing in child care and other properties with an educational use within Australia and New Zealand.

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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.