66 The Square Scheme 

  Commercial Property  

  

  Silverfin Capital  

Please note any investor wishing to invest in this scheme must meet both the eligibility criteria of the investment as set by Silverfin and all regulatory obligations in respect of New Zealand's AML/CFT Act 2009.  Silverfin may require further information from the bidder before the trade can proceed and in the event a proposed buyer does not meet the regulatory requirements, the bid or trade may be rejected.

Overview

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. The Scheme has been unable to pay distributions to investors for the last 3-4 years.  The property is cash flow positive with circa $1,000,000.00 per annum in rental.

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.


Issuer:
Silverfin Capital
Issue Name:
66 The Square Scheme
Market:
Commercial Property
Market Type:
Commercial Property

isEOI: false

Financials

Investment Type:Retail

Wholesale Investment Type:

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 2020

Market Snapshot

Last Traded Value:NZD 29,000.00

Last Traded Price:NZD 29,000.00

Last Traded Quantity:1

Last Traded Date: 26 August 2019

Property Details

Property Name Location Address
66 The Square Palmerston North 66 The Square,
Palmerston North,
4410
New Zealand
9-15 Fitzherbert Avenue Palmerston North 9 Fitzherbert Avenue,
Palmerston North,
4410
New Zealand

Contact

Website: www.silverfin.nz

Email: info@silverfin.nz

Phone:+64 9 216 8626

Document Name Description Date Uploaded
66 The Square Scheme QR Q2 FY2020 66 The Square Scheme QR Q2 FY2020 4 November 2019 Preview/Download
66 The Square Scheme QR Q3 FY2018 66 The Square Scheme Quarterly Report Q3 FY2018 26 August 2019 Preview/Download
66 The Square Scheme QR Q4 FY2018 66 The Square Scheme Quarterly Report Q4 FY2018 26 August 2019 Preview/Download
66 The Square Scheme QR Q1 FY2019 66 The Square Scheme Quarterly Report Q1 FY2019 26 August 2019 Preview/Download
66 The Square Scheme QR Q2 FY2019 66 The Square Scheme Quarterly Report Q2 FY2019 26 August 2019 Preview/Download
66 The Square Scheme QR Q3 FY2019 66 The Square Scheme Quarterly Report Q3 FY2019 26 August 2019 Preview/Download
190822 - Annual Meeting Voting Outcome 22 Aug 2019 Special resolution was voted on to sell the property, the required votes were not received and the special resolution was not passed. 22 August 2019 Preview/Download
66 The Square Scheme QR Q1 FY 2020 66 The Square Scheme QR Q1 FY 2020 18 September 2019 Preview/Download
66S 2019 Financial Statements 66S 2019 Financial Statements 22 July 2019 Preview/Download
66 The Square Scheme QR Q4 FY2019 66 The Square Scheme Quarterly Report Q4 FY 2019 24 April 2019 Preview/Download
66 The Square Financial Statements FY 2018 66 The Square Financial Statements FY 2018 16 January 2019 Preview/Download
66 The Square-Deed of Participation 23 Mar 2018 66 The Square-Deed of Participation 23 Mar 2018 16 January 2019 Preview/Download
66 The Square Annual Report 2018 66 The Square Annual Report 2018 16 January 2019 Preview/Download
66 The Square Annual Report 2017 - FMC_Regs_2014_Schedule_5_Part_4_Final 66 The Square Annual Report 2017 16 January 2019 Preview/Download
66 The Square Financial Statements FY 2017 and Audit Report 66 The Square Financial Statements FY 2017 and Audit Report 16 January 2019 Preview/Download
66 The Square - Managers Certificate for Registration 66 The Square - Managers Certificate for Registration 16 January 2019 Preview/Download
66 The Square - SIPO Statement of Investment policy and objectives Mar 2018 66 The Square - SIPO Statement of Investment policy and objectives Mar 2018 16 January 2019 Preview/Download
66 The Square Offeror's Statement (SPI Capital) 23 April 2009 66 The Square Offeror's Statement (SPI Capital) 23 April 2009 16 January 2019 Preview/Download
Zoom: 9

Silverfin Capital

 
You have no issues to report on under this issuer.
 
You have no issues to report on under this issuer.
 
You have no issues to report on under this issuer.
Traded Date Traded Quantity Traded Unit Price Traded Value Par Value Trade Event
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

Secondary Market - 66 The Square Scheme

No secondary market listings for this issue availble at this time. Check the Exchange for more listings.