Perennial Real Estate

About Perennial

Perennial Investment Partners Limited ("Perennial") is a specialist, active investment management firm, comprising a suite of specialist investment management boutiques: Perennial Value Management, Perennial Growth Management, Perennial Fixed Interest, Perennial International and Perennial Real Estate.

Perennial's investment capabilities are offered in the US via Perennial Investment Partners (US) Inc ("Perennial US"), a wholly owned subsidiary of Perennial. Perennial US is a registered investment adviser. Perennial also offers a UCITS trust vehicle for European Union and other countries allowed to invest via a UCITS vehicle. Perennial also offers discretely managed accounts for certain large investors and a number of Australian-domiciled pooled unit trusts.

In 1999, Perennial pioneered the boutique partnership approach, building six boutique investment management firm on the basis of sharing equity ownership with their investment professionals. We now invest over $18 billion on behalf of our wholesale and retail clients. We believe that this ownership structure changes the focus from simply investing to a share passion and focus. The future success of Perennial is dependant on our ability to deliver performance - the alignment of interests with our investors.

Perennial's achievements over the past six years are attributable to the success of our approach to a partnership business model. Our investment boutiques have won numerous Fund Manager of the Year awards and are often ranked highly amongst their respective peers in delivering superior investment performance to our clients.

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About Perennial Real Estate

Perennial Real Estate Investments Pty Limited ('Perennial Real Estate') is one such investment boutique found within the Perennial suite of investment managers. Perennial Real Estate was established in January 2006 as a joint venture between Perennial and Perennial Real Estate investment staff. Perennial Real Estate is an active listed real estate securities investment manager.

The Perennial Real Estate team consists of eleven experienced investment professionals, situated in Australia, Netherlands, Hong Kong and US.

Perennial Real Estate offers investment portfolios in the following capabilities:

  • Global listed real estate;
  • Australian listed real estate;
  • Asian listed real estate; and
  • Socially responsive listed real estate.

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Our investment philosophy consists of the following attributes:

Investors Interests First: Key investment and business professionals in Perennial have the opportunity, over the longer term, to earn equity in their respective businesses. The ability to earn equity is subject to the delivery of investment outcomes which meet or exceed investor expectations. We believe that this environment creates a strong alignment of interest between the goals of investors and our investment professionals.

Active Investment Management: Perennial believes that investment markets are not fully efficient, causing asset prices to deviate from "fair value". Through careful research of investment fundamentals and the application of a disciplined investment process, market inefficiencies can be identified and exploited by experienced investment professionals applying an active investment approach.

Independent Research: The cornerstone of the investment process of each of Perennial's boutiques is proprietary in-house research. Perennial conducts independent first-hand research on all securities before any can be included in our investment portfolios. A sharing of knowledge within Perennial's suite of boutiques ensures that all of our teams are up to date with domestic and global issues.

Long-term investing: Perennial's investment professionals often identify investment opportunities that have good prospects over the medium to long term. It can often take months, and sometimes years, for the investment opportunities to deliver the desired results. All of the Perennial portfolios are positioned for long-term investment performance outcomes. Our objective is to add value over the medium to long term, relative to a recognised market benchmark, in a risk efficient manner. Many of Perennial's capabilities have a proven and consistent long-term track record with good results relative to our peers.

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