The Rainbow Centre 

  Commercial Property  

 NZ Daycare Properties Fund LP 

  Erskine and Owen Limited  

Offer 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).

Overview

E+O Property Syndication Limited (E+O, General Partner or GP) is establishing a new property fund – the NZ

Daycare Properties Fund LP (Limited Partnership or LP) – which will focus on acquiring a portfolio of daycare properties. The objective of the Limited Partnership is to provide investors with a competitive return from a portfolio of daycare properties while providing diversity of tenant and location.


Drawing on our property expertise, the General Partner has identified and acquired, an Initial Property in Hamilton that meets their buying profile criteria. The GP will seek out further properties with similar characteristics and return profiles to add to the portfolio in future.


The General Partner has the property management expertise and experience to ensure tenancies within the portfolio are well managed with strategies in place to grow total property value over time.


Target Returns

The SIPO for the Limited Partnership will include a target distribution to investors of at least 6.25% per annum (Cash Net Pre-Tax Annual Yield on Equity).

Limited opportunity to invest in a Government-backed sector.


Investment Highlights

·        6.25%* projected cash return paid monthly

·        Fund seeded with newly built centre in a growing city location

·        15-year lease commencing 28 June 2021

·        Proven daycare operator running multiple sites in New Zealand

·        Government-backed sector – initial centre licensed by MoE for 87 children

·        Limited equity – only $2,700,000 available in this offer

·        $100,000 minimum investment for wholesale/eligible investors only

·        Offer closes 17 September 2021, or earlier if fully subscribed


Issuer:
Erskine and Owen Limited
Issue Name:
NZ Daycare Properties Fund LP
Market:
Commercial Property
Market Type:
Commercial Property

isEOI: false

Financials

Investment Type:Wholesale

Wholesale Investment Type: NZ Wholesale MIS

Total Units/Shares:Open Fund

Min Investment Units/Shares:100000

Min Investment Value:NZD 100,000.00

Par Value:NZD 1.00


Establishment Date: 1 October 2021

Financial Year End: 31 March 2022

Market Snapshot

Last Traded Value: 

Last Traded Price:NZD .00

Last Traded Quantity:

Last Traded Date:

Property Details

The daycare centre at 24 Brent Greig Lane is a newly built facility that is well located. There is good access to the centre from high socio-economic areas like Rototuna and St Andrews and the centre is located close to a motorway interchange that provides easy access from suburbs and towns further afield. More importantly, the daycare centre is in the middle of a large employment zone – Te Rapa is a major industrial hub and The Base is Hamilton’s largest shopping precinct. The property provides a childcare facility predominantly constructed across the ground level to provide four age-separated rooms, sleep rooms, staff and child toilet facilities, kitchen, offices and laundry rooms, along with a separate first floor area to be utilised as a resource room and ancillary offices. The facility also provides two separate outdoor play areas. The development has been completed to a modern standard of specification including concrete slab and foundations with a combination of plastered block and timber batten feature panels on the ground floor walls, aluminium weatherboards on the external office walls and concrete masonry on the external rear boundary walls. The development includes extensive landscaping externally and carparking for 27 spaces including two disabled spaces.


Property Name:
The Rainbow Centre
Location:
Hamilton
Address:
24 Brent Greig Lane, Burbush, Hamilton, 3200
Age of Property:
0
Land Area:
1,717
Occupant Commencement Term
The Rainbow Corner Early Learning Centre Private Ltd 28/06/2021 15

Contact

Website: https://www.erskineowen.co.nz/

Email: [email protected]

Phone:+64 9 377 6463

Document Name Description Date Uploaded
NZ Daycare Properties Fund LP IM NZ Daycare Properties Fund LP Information Memorandum Aug 2021 5 August 2021 Preview/Download
NZ Daycare Properties Fund Brochure NZ Daycare Properties Fund Brochure 5 August 2021 Preview/Download
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Erskine and Owen Limited

 
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