Vietnam Property Fund Limited, VPF
VPF is a closed-end property investment fund listed on AIM, a sub-market of the London Stock Exchange. The fund is managed by Dragon Capital Management Limited. The fund undertakes investments in Vietnam's real estate sector via the securities of real estate companies, and through specially created holding structures in the real estate projects across all sectors including office, residential for lease, residential for sale, industrial, retail and hotels/resorts.
| Bid 0.50 | Offer 0.55 | Updated 10/04/2012 | NAV 0.797 | As at 27/04/2012 |
|---|
Vietnam is one of the world's most dynamic real estate markets.
VPF's investment focus will be to originate opportunities for
investment across all sectors and geographies of the real
estate market. VPF is designed to adapt to the evolving nature of
the market. Investments will be geared toward minority positions in
real estate projects and companies. However, VPF will not exclude
investments where it will have sole or primary responsibility for
managing an investment asset. VPF expects to focus capital
deployment into real estate projects, but will also consider
strategic investments into real estate companies.
VPF will seek to capitalise on the Investment
Manager's real estate experience in Vietnam of over 15 years,
and its resulting knowledge of Vietnam's business environment.
For further information relating to VPF and AIM Rule 26 please
visit VPF website: www.vietnampropertyfund.com or contact
vpf@dragoncapital.com
| Fund Information |
| Structure |
Cayman registered closed-end fund |
| Inception Date |
April 2008 |
| Issued Shares |
88,221,459 |
| Fund Size |
US$70.12m (as at 27 April 2012) |
| Term of Fund |
10 years |
| NAV Frequency |
Monthly |
| Base Currency |
US$ |
| Investment Restrictions |
20% of NAV in any one specific investment |
| Target Sector |
Real Estate - Vietnam |
| Listed |
AIM, London Stock Exchange, UK |
| Target Location |
A minimum of 80% of assets to be investment in
Vietnam, with the Company to consider investment opportunities in
Laos, Cambodia and China. |
| Company Details |
Vietnam Property Fund Limited is an exempt company
incorporated under the laws of the Cayman Islands registered with
the Cayman companies register under number WK197241. |
| Comapny Address |
Clifton House, 75 Fort Street, P.O. Box 30592
Grand Cayman KY1-1203, Cayman Islands |
| Share Class |
Ordinary Shares |
| Bloomberg |
VPF LN Equity |
| Reuters |
DRAGON1 |
| AIM ticker |
VPF |
| ISIN |
KYG9362H1083 |
| SEDOL |
B2NHWFO |
| CUSIP |
G9362H108 |
| Annual Management Fee |
2% of NAV (monthly) |
| Performance Fee |
20% of the increase in annual NAV over a hurdle
rate of 8% with a high water mark |
| Directors of Fund |
Andrew Legge, Alastair Orr Ewing, Simon Landy,
Laurence Hayes, Gregory Djerejian |
| Portfolio Manager |
Fraser Wilson |
| Administrator & Custodian |
Standard Chartered Bank |
| Nominated Advisor and Broker |
Seymour Pierce Limited |
| Auditors |
KPMG Limited |
| Legal Advisor (Cayman Islands) |
Charles Adams, Ritchie & Duckworth |
| Legal Advisor (UK & Vietnam) |
Freshfields Brukhaus Deringer |
| Legal Advisor to Nominated Advisor |
SJ Berwin LLP |
Company Secretary & Registrar
|
ATC Asia Corporate Services Limited |