MWOF continues strong performance

The strong performance has seen the Fund deliver a 5.8 per cent total return for the past 12 months, making MWOF the top performing Fund in the index, as at September 2025.

 

MWOF has also completed its equity raising, with $413 million raised or committed since launching in April this year. As a result of the equity raising, MWOF’s gearing reduced to 25 per cent, the lowest in the sector.

 

MWOF’s Fund Manager, Kit Georgeos, said: “The results of our equity raise demonstrates support for our leading governance, investor-first mindset and the ability of the MWOF team to deliver strong financial returns.

 

“The support is also a clear signal that investor appetite for Premium-grade office assets in core CBD locations is back. Asset valuations for quality assets have improved and we are seeing strong demand from tenants, as illustrated by the recently refurbished 33 Alfred Street in Sydney, which was 94 per cent leased on completion.

 

“Interest from groups considering deploying capital into MWOF remains strong, demonstrating the quality of the portfolio and the assets investors want exposure to.

 

“We remain positive about the outlook for the office market and for MWOF’s portfolio in particular. Transaction volumes have increased significantly, demand fundamentals for Prime assets in Sydney and Melbourne are strong, and we are seeing strong net effective rental growth in our key markets and our portfolio.

 

“The expected supply shortage over the next four to five years will also support occupancy across the MWOF portfolio, and in turn, deliver outperformance for the Fund”, said Ms Georgeos.

 

As a result of improved sentiment in the sector, together with the successful execution of capital management initiatives over the past two years, S&P has reinstated MWOF to A- (stable outlook) from an A- (negative outlook) in 2023.

 

Ms Georgeos added: “Having our S&P rating reinstated will allow us to continue accessing the most competitive cost of funding, which is a great outcome for our Fund’s investors.”