Westpac Essential Services Trust (WEST) offers Australian wholesale investors exposure to a growing asset class. The Trust will deliver long-term, stable returns by investing in Public Private Partnership (PPP) and PPP-style assets that deliver essential public services in Australia and New Zealand.
Net Trust Value1
$95.4million
Term
Open-ended
Target returns
Benchmark return: 10 year bond rate + 3%
IRR: 10%- 12%per annum
Investment mandate
Primary and secondary PPP and PPP-style assets, including:
Hospitals
Public housing
Essential public transport concessions
Schools and educational facilities
Correctional service facilities
Facilities for government agencies and departments
Police and emergency service assets
Who should invest
This fund is currently closed to investment
Note 1: As at 30 June 2011
Last updated 29 June 2012