History and Profile
The Australian Education Trust is listed on the Australian Stock
Exchange (stock code ASX:AEU). The Trust commenced operations in
November 2002 and listed on the ASX as the Peppercorn Investment
Fund (ASX:PIF) on 22 May 2003. AET was originally configured as a
trading trust that included both real estate assets and childcare
businesses. The Trust sold the businesses as part of its
restructure in December 2004, changed its name to the Australian
Education Trust and converted its activities into that of a
property trust.
AET commenced its new operations in December 2004 with 115
freehold and leasehold childcare centre properties. The Trust
currently has 340 properties in its portfolio with WALE of
approximately 10.8 years.
The Trust is the largest listed property trust in Australia that
specialises in childcare properties. AET has captured roughly six
percent of the total market and is the largest owner of childcare
property in Australia and New Zealand. Currently AET has over $369
million in Funds Under Management (FUM).
AET’s main objective is to provide secure long term cash-flows
with minimal risk and enhanced value to its investors.
The Responsible Entity of the Australian Education Trust is
Austock Property Management Limited, a part of Austock Property and
100% owned by the Austock Group.
For additional information on the Austock Group, please go to
www.austock.com.
Structure
The responsible entity of the Australian Education Trust is
Austock Property Management Limited, a part of Austock Property and
100% owned by the Austock Group. For additional information on the
Austock Group, please go to www.austock.com.
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