Pacific Property Trust is the first
“Property Trust Fund” established in Papua New Guinea and registered
under the Securities Act 1997. The trust deed dated 1st of November 2000
was registered and approved by the Securities Commission and a
Certificate of Registration of a deed of Trust dated 13th December 2000
was issued.Real Estate Investment
Real estate and property have always been an attractive avenue of
investment in Papua New Guinea. There are several reasons that can
explain this.
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It’s tangible – you can see and touch the building in which you
have invested; |
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Returns in this sector have been historically high;
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Rental income is steady over time; and
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Good capital growth in the value of the property.
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Objective
The objective of the Trust is to provide a regular income stream and
the potential for some capital growth over the medium to long term.
Performance of the Trust is benchmarked to PNG’s average annual
inflation rate. In other words, the Trust hopes to perform in any year
better than the average rate of inflation over the last five-year
period.
Trustee of the Pacific Property Trust
Melanesian Trustee Services Limited
(MTSL) was the Trustee of Pacific
Property Trust. Their trustee license was revoked by the Securities
Commission of PNG in January 2005. MTSL continues to act as the Trustee
under a court order pending the determination of a court case before the
National Court of Papua New Guinea and a new trustee is appointed.
Fund Manager of Pacific Property Trust
The Fund Manager of the Pacific Property Trust is Pacific Equities &
Investments Limited ( PEIL ). PEIL is the first 100 % national
investment company established under the Companies Act 1997.
PEIL employs qualified professionals with
considerable investment
management experience ensure your wealth
accumulation and desired investment objectives are achieved through the
application of sound investment management strategies. |
