*Projected portfolio metrics, assuming successful completion of this offer.
OFFER IS FULLY SUBSCRIBED - Pacific Property Fund Public Offer.
PMG's largest offer for Pacific Property.
A diversified property portfolio of high quality industrial, office and commercial properties geographically spread across New Zealand. Offering excellent occupancy, lease terms and a conservative loan to valuation ratio.
To target sound, well-located, generic industrial, office and retail properties across major metropolitan cities of New Zealand which offer sustainable returns.
To grow, over time, a diversified portfolio of quality industrial, office, and retail properties targeting total assets of $250m, deliver sustainable cash distribution returns and growth in value over time.
The selling agents are not providing personalised advice. As such, prospective investors are recommended to seek professional advice from an authorised financial adviser which takes into account their personal circumstances before making any investment decision. The selling agent will make a copy of the Product Disclosure Statement and Adviser Disclosure Statement available to all prospective investors on request and free of charge.
The projected portfolio metrics are as at 13 December 2018 (projected settlement date), which assumes the successful completion of this Offer and the completion of the Acquisition Properties. The projected gross dividend return is for the full financial year ended 31 March 2020.The projected portfolio value assumes the successful acquisition of the Acquisition Properties. However, it is possible that the Stag Park property may be sold by 13 December 2018. If the sale proceeds at carrying value, the projected portfolio value will be $177m. Occupancy assumed as at 31 March 2019 assuming successful acquisition of the Acquisition Properties. Weighted average lease term (WALT) assumes the successful acquisition of the Acquisition Properties as at 31 December 2018. Total gearing assumes the successful completion of the Acquisition Properties as at 13 December 2018. The Stag Park property may be sold by 13 December 2018. If the sale proceeds at carrying value, the projected gearing will be 38.6%.