Highlights

• Industrial, warehouse, mixed use
• Investment opportunities, off the radar
• Secondary market, investor/liquidity provider
• Targeted pre-tax gross yield of 8.0% p.a. for the Fund each year
• The initial three properties are fully leased with an average of eight and a half years and are in Auckland and Hamilton
• The fourth investment was into the second largest shopping centre in the South Island

The fund's strategy is to take advantage of the many higher yielding opportunities that are a bit more complicated than the average single site warehouse with a well known branded tenant. You are unlikely to find a single tenant supermarket building in the portfolio because those investments are in high demand and do not produce a superior yield to investors. However, you may find a supermarket makes up a portion of tenancies in one or more of the investments.

Buckland actively look for investment opportunities that are “off the radar” and often these will not be obtained through a public tender process. Negotiated transactions appeal much more to them as do opportunities to provide a solution for a tenant and/or owner. For example, sale and lease back where a tenant may not want or need to own a building any longer but they want to continue operating out of that building. The fund will also lend on property security if our return hurdles are met and they are comfortable with the security levels.