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Bayleys Syndication and Investment Products - Previous Offers

30-32B Birmingham Drive, Middleton, Christchurch

Offer Open date: 15 May 2015

Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)

30-32B Birmingham Drive, Middleton, Christchurch is a substantial industrial property located on a 1.8789 ha site in a popular commercial and industrial location. The property has a new 10 year lease to PMP (NZ) Limited from settlement (19th June 2015) with two rights of renewal of 5 years each giving a final expiry of 18 June 2035.

The investment’s projected cash return was 9.0%pa from settlement and for the first full year ending 31 March 2017. Only 120 $50,000 investment units were available and the offer closed oversubscribed.

Details of how the return is calculated and the risks associated with the investment are set out in the original Investment Statement.
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