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Asset Management

From left to right: Geoff Lovell, Chairman of the Investment Committee,  Kate George, Director of IBA Asset Management Board,  Chris Fry, CEO  Indigenous Business Australia,  Chris Condon, Chairman of IBA Asset Management Board,  Saretta Fielding, CEO Yarnteen Ltd.

The Investment Manager of the the I-REIT is IBA Asset Management Pty Ltd (IBAAM). IBAAM is a wholly-owned subsidiary of Indigenous Business Australia (IBA) with a majority of independent board members and conducts its activities using experienced staff seconded from IBA.

The Investment Manager undertakes the day-to-day management of the the I-REIT, monitors the portfolio and identifies and conducts due diligence in relation to new investments or divestments.

An Investment Committee has been appointed to approve matters including:
• acquisitions and divestments;
• new leases or lease renewals that constitute 30% or more of the gross revenue of the relevant Property;
• debt finance facilities;
• material redevelopment or refurbishment of a property; and
• certain related party transactions.

The Investment Manager, in consultation with the Investment Committee, intends to build a diversified portfolio whilst avoiding a concentration of characteristics that it believes may expose the I-REIT to excessive risk.

In addition to the I-REIT, the Investment Manager manages the Indigenous Prosperity Funds (IPF). The IPF provide eligible Aboriginal and Torres Strait Islander investors with the opportunity to invest in a diversified portfolio of investments including exposure to Australian and international shares, bonds, property and cash. Further information regarding the IPF may be obtained via the IPF website at www.ibafunds.com.au


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Last updated: 22/01/2018