Invest in a prime industrial building in Rolleston - one of NZ's fastest growing areas
Prime industrial building servicing construction & infrastructure sectors
+ $50,000 minimum investment open to wholesale investors only
+ 6.25% p.a* projected cash return paid monthly
+ Purpose built high-quality industrial building with a long-established tenant
+ Located in the Izone Business Hub in Rolleston, one of the fastest growing areas in Canterbury - 20km from Christchurch CBD
+ Limited equity - only 7,700,000 Units available
+ Offer closes upon full subscription
*Projected pre-tax return for full one-year period. Details on how the return will be calculated, and the risk associated with the investment and return, will be set out in the relevant Information Memorandum.
Offers will be restricted to “Wholesale Investors” under clauses 3(2) and 3(3) of Schedule 1 to the Financial Markets Conduct Act 2013 (or to any other person to whom an exclusion applies under Schedule 1 of that Act). Preliminary indications of interest are being sought at this stage and no indication of interest will involve an obligation or a commitment to participate in the Offer.
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Investment Summary Video
For more information on the property, location, tenant and financials of the investment opportunity, watch the video below.
Prime Industrial Building in a Prime Location
Our goal is to provide our investors with a range of commercial property investment options. Each investor has their own property investment goals and objectives, and some investors
prefer offers focused on a single property rather than an open-ended fund.
In our latest offer, we are pleased to be able to provide investors with the opportunity to invest in a prime industrial building in the Izone Southern Business Hub in Rolleston, Canterbury.
The Westland Property Syndicate Limited Partnership provides investors with the opportunity to invest in a high-quality building with a long-standing tenant, Pegasus Engineering Limited, servicing the construction and infrastructure development sectors
in the South Island.
The Statement of Investment Policy and Objectives (SIPO) for the Limited Partnership will include a target distribution to investors of 6.25%* per annum (Cash Net Pre-Tax Annual Yield on Equity).
To learn more about the fund fund strategy and risks, click here.
20 Westland Place, Izone, Rolleston
Property Type: Industrial manufacturing and storage warehouse
Land Area: 12,669 sqm
Floor Area: 9,809 sqm
Purchase Price: $11,500,000
Market Valuation: $12,300,000
Annual Rent: $633,816
Lease Term: Fifteen (15) Years Lease Term from 10 December 2012. Next Expiry 9 December 2027. Two (2) Rights of Renewals of Six (6) Years each
Tenant: Pegasus Engineering Limited
Pegasus Engineering was established in 1977 and are market leading suppliers of structural steelwork to industry.
Locally owned, they service a wide range of customer groups from smaller residential requirements to larger commercial project fabrications for significant tier-one projects in New Zealand.
Pegasus Engineering offers a full range of services from quoting and detailing for structural steel components, to the fabrication in their fully equipped workshop, as well as transportation and on-site erection.
Listen to what our tenant, Pegasus Engineering has to say about the purpose built building and the Izone Southern Business Hub location.
Izone Business Park
The Property is located alongside other well-known NZ brands in the Izone Business Hub in Rolleston. Izone was developed by the Selwyn District Council to meet expected infrastructure demands in this growing catchment. Selwyn District growth is outperforming the rest of NZ, and the Council has made a strategic decision to make Rolleston a hub for future development.