IranEstate Funds Trust

The Iran Estate Funds (IEF) mission is to provide investors with comparative investment returns through astute acquisition and management of prime residential and industrial properties and business parks. In order to achieve this mission, IEF’s general strategy is to invest in well located properties situated throughout Iran and the greater middle east area, with an emphasis on industrial assets that display potential for both capital and income growth over the medium to long term period. The active management of the Funds portfolio of properties is continuous and seen as essential in order to produce an enhancement in IEF’s income stream.

In considering future acquisitions, the responsible entity of the fund will focus on properties which further diversify the fund’s portfolio by location, tenancy, lease maturity and rent review type. With the objective of enhancing earnings growth and capital security. As well as any prospective acquisition providing greater total returns, the potential acquisitions must also increase the quality of IEF’s property portfolio.

Further exposure towards Tehran is desired, given the size and depth of the market. Alternatively, gaining an enhanced exposure towards the Mashahd, Esfahan, Shiraz & Bandard Abas markets is less desirable due to the respective markets lack of size and depth. Current exposure towards the greater Tehran market will remain the same for the coming 5 year perspective. The fund has no intentions at present to acquire properties overseas within the next 2 years of the program. Management believes it can add further value through the Iranian industrial market scene. Dubai is viewed as a shallower market compared to that in Tehran, thus making it less attractive. In stating this, IEF has not ruled out the possibility of pursuing overseas acquisition opportunities in future if enough institutional investors advise the fund of their desire to seek LPT investments with a global exposure.

Management aims to capitalize on this pipeline by continuing to seek further tenancy pre commitments from quality tenants for the respective properties. The fund believes the benefits available to it in undertaking this strategy include higher investment yields, lower acquisition costs, newly constructed quality buildings with long term leases and improved tax benefits.

Other specific strategies going forward include submitting to both perspective and future tenants a range of property solutions and striving to offer the highest quality industrial portfolio within the LPT (Listed Property Trust) sub sector.

The IEF Trust is recognized in the industry for providing investors with stable and relatively low risk returns on investment. Today Iran Estate holdings remains the trusts parent company and in additions to their development arm, IEF comprises one of the country’s largest property funds management companies whom undertake asset management, leasing and other direct property activities on behalf of the trust.