NZ Daycare Properties Fund LP Raise 2 

  Commercial Property  

  

  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) has established a 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 the portfolio while providing diversity of tenant and location. 

 

Drawing on our property expertise, the General Partner has identified and acquired, another 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.

 

The New Property at 10-18 Shakespeare Avenue, Enderley, Hamilton, which was purchased by the Limited Partnership is representative of the profile of properties that will be acquired. The property was settled on 24 May 2022 with the support of Underwriters and there are still a limited number of Units available to purchase.

 

Target Returns

The Statement of Investment Policy and Objectives (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). 

 

Investment Highlights

+ 6.25% p.a projected cash return* paid monthly

+ Purpose-built daycare centres in growth locations

+ Long leases – Weighted Average Lease Term (WALT) of 15.27 years

+ Quality daycare operators running multiple sites in New Zealand

+ A sector with significant Government support – ECE subsidies underpin tenant revenues

+ $50,000 minimum investment for wholesale investors only


Manager:
Erskine and Owen Limited
Issue Name:
NZ Daycare Properties Fund LP Raise 2
Market:
Commercial Property
Market Type:
Commercial Property

isEOI: false

Financials

Investment Type:Wholesale

Wholesale Investment Type: NZ Wholesale MIS

Total Units/Shares:3450000

Min Investment Units/Shares:50000

Min Investment Value:NZD 50,000.00

Par Value:NZD 1.00


Establishment Date: 24 May 2022

Financial Year End: 31 March 2023

Market Snapshot

Last Traded Value: 

Last Traded Price:NZD .00

Last Traded Quantity:

Last Traded Date:

Property Details

Property Name Location Address
The Rainbow Centre Hamilton 24 Brent Greig Lane, Burbush, Hamilton, 3200
10-18 Shakespeare Avenue Hamilton 10-18 Shakespeare Avenue, Enderley, Hamilton 3214

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- Aug 2021 NZ Daycare Properties Fund LP Information Memorandum Aug 2021 5 August 2021 Preview/Download
NZ Daycare Properties Fund IM - April 2022 This is an additional raise of capital for the NZDP Fund. The NZDP Fund provides investors with access to the Education and Care Services sector through a diversified portfolio of daycare properties. The properties acquired are purpose-built centres with high-quality fit-outs and proven daycare centre operators. 7 April 2022 Preview/Download
NZ Daycare Properties Fund Brochure NZ Daycare Properties Fund Brochure 5 August 2021 Preview/Download
FY22 Q3 Report - NZ Daycare Property Fund LP to 31 December, 2021 28 January 2022 Preview/Download
FY22 Q4 Report - NZ Daycare Property Fund LP 4 May 2022 Preview/Download
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Erskine and Owen Limited

 
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