ING Real Estate Entertainment Fund (IEF)

ING Real Estate Entertainment Fund (ASX code: IEF) is an externally managed ASX listed real estate investment trust that invests in the freehold of a diversified portfolio of entertainment and leisure venues. The Fund receives income through long term leases of the licensed real estate to a wide range of experienced operators. IEF has total assets under management of $359 million with investments located throughout Australia and New Zealand.

Strategy

The long-term strategy of the Fund is principally to:

• Maintain considered investment in profitable hotels that demonstrate the potential for growth and are located in strong trading locations
• Own the freehold interest of the hotels and lease the licensed real estate to experienced operators within the hospitality and leisure sector
• Work closely with each of the Fund’s operators to enhance the value in its venues and underpin long-term Fund earnings through a sustainable rental income stream

In implementing our strategy, we combine the real estate management capability and resources of ING Real Estate with the trading experience of proven operators in the hospitality and leisure sector.

Key data as at 31 December 2009

 

Click here for IEF's 31 December 2009 Half Year Results presentation