IPUT is the longest established commercial property fund in Ireland and is the largest owner of office buildings in Dublin.
As a core income fund, our principal objective is to provide institutional investors with a consistent income yield by investing sustainably in commercial real estate.
IPUT has a proven track record in delivering superior returns and delivered an unlevered Total Shareholder Return of 8.3% in 2018. The IPUT portfolio comprises 470,000 sqm (5m sq ft) of institutional grade, prime commercial real estate and includes large scale offices, retail and logistics assets with a focus on offices in Dublin’s core central business district.
Our team has multi-cycle experience and seeks to maximise shareholder returns through targeted exposure to added value projects, underpinned by the Fund’s core income generating properties.
Investment principles & strategy
The Fund’s overall objective is to seek to optimise investment returns for shareholders by investing in Irish commercial properties and by actively managing the portfolio.
- Consistently provide investors with stable returns and aim to outperform the institutional property benchmark.
- Maintain and promote the competitive cost advantages of IPUT as an internally managed property fund.
- Focus on maximising returns from the core income portfolio and add value through active management
- Continue to invest in prime Dublin office buildings and large scale retail and logistics.
Strategic corporate development
The Fund has grown significantly in recent years from €400m in 2012 to a GAV of €2.8bn in 2019. Since converting to become a regulated fund in 2013, IPUT has grown its shareholder base to include several leading global institutional global investors. These investors are long-term income focused and compliment our established Irish institutional shareholder base.
IPUT plc and the IPUT Property Fund are authorised and regulated by the Central Bank of Ireland. Northern Trust provides fund administration and depositary services. Quarterly independent valuations are provided by JLL & CBRE and KPMG are the auditors to the company.