Manager & Responsible Entity

APN Funds Management (APN FM) is the manager (Responsible Entity) of the Group. APN FM is a specialist international property funds manager that was established in 1998.

The company has numerous differentiated property funds for a range of clients and advisers in the wholesale, institutional, investment platform and retail markets.

APN FM currently manages 16 funds with total assets under management as at 31 December 2008 of over $4.3 billion. These funds are managed for more than 13,000 direct clients (not including clients through investment platforms) and for nearly 400 independent adviser dealer groups. In addition, APN FM estimates that it manages the funds for well over 100,000 indirect clients through over 40 investment platforms.

The directors and senior executives of APN FM have considerable experience in property funds management of numerous listed and unlisted property funds. APN FM has a considerable operations infrastructure that supports client service, accounting, IT and sales and marketing of its numerous property funds.

The Company has offices in Australia and Europe.