Pacific Property Fund Limited - Offer now open

A geographically spread and diversified portfolio of industrial, retail and commercial properties.

$183m
Total portfolio value
7.25 Cents per Share
Projected cash distribution (p.a) ($1.04 Share price)
99% Occupancy
Portfolio occupancy
6.40 Years
Weighted average lease term (WALT) on completion
41.2% LVR
Conservative debt to value ratio
12 Properties
Diversified portfolio of office, retail and industrial buildings

*Projected portfolio metrics, assuming successful completion of this offer.

OPEN FOR INVESTMENT - Pacific Property Fund Public Offer.

PMG's largest offer for Pacific Property.

Please complete the form below to download the Product Disclosure Statement. Please click HERE for the Offer Flyer.

Download - PPF Product Disclosure Statement
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About 

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.


Fund Strategy

To target sound, well-located, generic industrial, office and retail properties across major metropolitan cities of New Zealand which offer sustainable returns.


Fund Goal

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.


Target Size

$250m


Disclaimer

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%.

 


Properties

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697L Truman Lane, Mount Maunganui

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59 Druces Road, Auckland

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307 Sandwich Road, Hamilton

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114 Dominion Road, Penrose, Auckland

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6 Alderman Drive, Henderson, Auckland

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46 Spring Street, Tauranga

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140 Napier Road, Taupo - Stag Park

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8 Robert Street, Whangarei

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8 Paerangi Place, Tauranga

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Kelston Shopping Centre

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Vickery Street, Hamilton

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El Prado Drive, Palmerston North

Contacts

Matt McHardy

Matt McHardy

Head of Business Development and Investor Relations

Phone : 07 929 7109 or 021 193 4550

Email : matt@propertymgr.co.nz

Mat Harvie

Mat Harvie

Auckland Business Development and Investor Relations

Phone : 09 280 3469 or 027 549 7229

Email : mat.harvie@propertymgr.co.nz

Sarah Ramsay

Sarah Ramsay

South Island Business Development Manager

Phone : 021552240

Email : sarah.ramsay@propertymgr.co.nz