IOF lifts valuations
Investa Office Fund announced that it had commenced the revaluation of 5 key assets in Sydney and Brisbane (23% of the portfolio) with initial results reflecting a 8.7% to 9.3% lift in values.
Investa report that the weighted average cap rate from these valuations moved from 6.05% last period to 5.68% this period.
The final valuation numbers will be released following the year end audit however it is expected that the results will increase the NTA by 13 to 14 cpu.
