PROVINCIA PROPERTY FUND II LIMITED
Industrial Property
Register InterestThe law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more. If you fall within Schedule 1, clause 3 of the FMCA as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
Provincia II is the latest offering from the fund managers of Provincia Property Fund.
It is opening its first capital raise to take advantage of opportunities the directors are currently seeing in the market.
The Funds strategy is:
- Acquire industrial property in high growth areas throughout New Zealand.
- Properties that art structurally sound, multipurpose warehouses or light manufacturing facilities in the $2-$10 million range.
- Properties that are leased by financially sound tenants in key industries.
- Support a weighted average lease term (WALT) of at least 3 years across the Fund.
- Properties that have add value opportunities.
With the scarcity of prime industrial land and increasing construction costs, there are less new properties being built, which creates higher demand for existing properties. Consequently, the directors are witnessing the potential of future increases in market rental values which will come into effect over time as rent reviews take place.
The Fund is looking to acquire quality value-add industrial property totalling $19.1 million. New acquisitions will be identified by the Manager according to the Funds Property Strategy and will have yields that will contribute to achieving the forecast returns.
For more information, including on the current properties, please register your interest below.
