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


Manager:
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:50000

Min Investment Value:NZD 50,000.00

Par Value:NZD 1.00


Establishment Date: 1 October 2021

Financial Year End: 31 March 2025

Market Snapshot

Last Traded Value:NZD 100,000.00

Last Traded Price:NZD 1.00

Last Traded Quantity:100000

Last Traded Date: 1 April 2024

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

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Erskine and Owen Limited

 
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Traded Date Traded Quantity Traded Unit Price Traded Value Par Value Trade Event
1 April 2024 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
19 November 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
26 October 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
28 September 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
11 August 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
11 August 2022 200,000  Units NZD 1.00 NZD 200,000 NZD 200,000 Off Market Transfer
11 August 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
9 August 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
8 August 2022 200,000  Units NZD 1.00 NZD 200,000 NZD 200,000 Off Market Transfer
11 July 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
11 July 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
7 July 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
30 June 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
29 June 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
20 June 2022 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
25 May 2022 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
14 February 2022 150,000  Units NZD 1.00 NZD 150,000 NZD 150,000 Off Market Transfer
13 December 2021 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
3 December 2021 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
3 December 2021 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
3 December 2021 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
30 November 2021 150,000  Units NZD 1.00 NZD 150,000 NZD 150,000 Off Market Transfer
30 November 2021 50,000  Units NZD 1.00 NZD 50,000 NZD 50,000 Off Market Transfer
15 November 2021 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer
12 November 2021 100,000  Units NZD 1.00 NZD 100,000 NZD 100,000 Off Market Transfer

Secondary Market - NZ Daycare Properties Fund LP Wholesale

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