*All information contained in the Scheme Information section is as at the Information Memorandum date.

** Quarterly Reports (which provide investors with updates on the Scheme) are available from Silverfin Capital upon request. Please email [email protected]

Silverfin Capital Limited has delivered a proportional ownership scheme (as created by the Deed of Participation) known as 704 Halswell Junction Road Scheme. Investors through a proportionate ownership scheme acquire a share of a beneficial interests in the land and buildings at 704 Halswell Junction Road, Hornby, Christchurch.

Investors are currently receiving distributions of 4.75% per annum. The net asset value per unit as at 31 December 2023 is $47,441.

The Tenant 

The Property is 100% leased to Metropolitan Glass & Glazing Limited on a 10 year lease which commenced 1 May 2016, there is a further right of renewal of 10 years which takes the final expiry date to 30 April 2036 (if renewed). Metro Glass is Australasia’s market leader in the provision of high-performance glass to the Australasian residential and commercial construction market. Metro Glass has an extensive network of four processing and sixteen distribution/retail sites across New Zealand. In addition, via its subsidiary Australian Glass Group, it operates two processing and distribution sites in Melbourne and Sydney.

Metro Glass operates from the 704 Halswell Junction Road premises six and a half days a week, around the clock – making it an integral site for the Metro Glass’ South Island business. Australian Glass Group is Australasia’s leading manufacturer and installer of double glazed windows for both the new residential and retrofit markets. Metro Glass process annealed, toughened, laminated, painted, and digitally printed glass products for applications ranging from mirrors, showers, balustrades, fencing, and kitchen splashbacks to commercial facades.

Property & Location

The Hornby area is one of the most sought after industrial locations in Christchurch and continues to grow at a rapid pace. The roading network and new roading developments taking place are a big driver for industrial demand and the Property is well positioned near the highly sought-after corner of Shands Road and Halswell Junction Road. The building was constructed in 2004 and the site has full drive around access to the building, with two separate ingress and egress points to the site. The 18 strategically placed roller doors in the warehousing provide loading, drive through, ease and efficiency to the building.