Overview
*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 manages 66 The Square Proportionate Ownership Scheme, a 38 year old office tower on 1,000 m2 site located in the heart of Palmerston North at 66-68 The Square (corner Fitzherbert and The Square). The major leases are to TSB Bank Limited, Quest Serviced Apartments and Glendinning Chartered Accountants. There is approximately 5,016 m2 of NLA office accommodation and 40 apartments. Under new management the Scheme reinstated the payment of monthly distributions in June 2019 at a 5% return per annum. The property is cash flow positive with circa $1,000,000.00 per annum in rental. Investors are currently receiving distributions of 3.0% per annum. The net asset value per unit as at 31 December 2023 is $42,188. Registered Managed Investment Scheme (SCH11722). Managed by Silverfin Capital Limited (FSP487266). Silverfin Capital Limited is a New Zealand licensed manager of managed investment schemes (excluding managed funds) that invest in real property or property syndicates/real property proportionate ownership schemes.
Financials
Investment Type:Retail
Total Units/Shares:179
Min Investment Units/Shares:1
Min Investment Value:NZD 50,000.00
Par Value:NZD 50,000.00
Establishment Date: 3 August 2009
Financial Year End: 31 March 2025
Market Snapshot
Last Traded Value:NZD 50,000.00
Last Traded Price:NZD 50,000.00
Last Traded Quantity:
Last Traded Date: 31 March 2023
Property Details
Contact
Document Name | Description | Date Uploaded |
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Silverfin Capital
Issue | Production | Revenue | Farm Working Expenses | EBITDA | Interest | Enterprise Value | NTA | Equity Asset Ratio | ROE |
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Gowan Lea Carbon Forest Scheme |
Issue | Production | Revenue | Farm Working Expenses | EBITDA | Interest | Enterprise Value |
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Gowan Lea Carbon Forest Scheme |
Issue | Revenue | Farm Working Expenses | EBITDA | Interest | Enterprise Value |
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Gowan Lea Carbon Forest Scheme |
Traded Date | Traded Quantity | Traded Unit Price | Traded Value | Par Value | Trade Event |
---|---|---|---|---|---|
31 March 2023 | 1 Units | NZD 50,000.00 | NZD 50,000 | NZD 50,000 | Off Market Transfer |
29 May 2020 | 1 Units | NZD 30,000.00 | NZD 30,000 | NZD 50,000 | On Market Trade |
12 April 2020 | 1 Units | NZD 20,000.00 | NZD 20,000 | NZD 50,000 | On Market Trade |
12 April 2020 | 1 Units | NZD 21,000.00 | NZD 21,000 | NZD 50,000 | On Market Trade |
12 April 2020 | 2 Units | NZD 21,000.00 | NZD 42,000 | NZD 100,000 | On Market Trade |
26 August 2019 | 1 Units | NZD 29,000.00 | NZD 29,000 | NZD 50,000 | On Market Trade |
25 February 2019 | 2 Units | NZD 25,000.00 | NZD 50,000 | NZD 100,000 | Off Market Transfer |
21 February 2019 | 1 Units | NZD 25,000.00 | NZD 25,000 | NZD 50,000 | Off Market Transfer |
21 February 2019 | 1 Units | NZD 25,000.00 | NZD 25,000 | NZD 50,000 | Off Market Transfer |