Erskine + Owen
Established over 12 years ago, by Lisa Phillips and Alan Henderson, Erskine + Owen is a successful and growing property business based on intelligent property investment. Originally started to assist investors in securing property throughout New Zealand, a service it still performs today, Erskine + Owen has expanded over the past two years into the commercial property syndication sector.
Erskine + Owen has a fully developed syndication model and has completed eight property syndications. Syndication work in progress at the present time totals nearly $55 million of conditional contracts.
The company plans to build upon this successful syndication track record and grow its syndication business actively within the $5-30 million property value range. Erskine + Owen also includes a property management entity called Point Property and Portfolio Management Limited. This business operates in Auckland, Hamilton and Queenstown.
The Offer is for a minimum subscription to 50,000 $1 units in the Daycare Property Syndicate Limited Partnership. The Offer is only available to “wholesale investors” as this is defined in Schedule 1 of the Financial Markets Conduct Act 2013 (FMC Act)).
+ Five fully tenanted Daycare Centres
+ Run by experienced Daycare operators with 10–15 year leases
+ Government funded industry investment
+ $50K minimum investment for wholesale/eligible investors
+ Total property value $15,550,000
7.0%* projected cash return paid monthly
*Projected pre-tax return for full one-year period. Details on how return will be calculated, and the risk associated with the investment and return, are set out in the Information Memorandum. The initial projected investor return was stated as 6.6% P.A. in the Information Memorandum. Due to the recent cut in the OCR rate the interest rate achieved upon settlement enables us to project a 7.0% P.A. return to investors once all five properties have settled.
Click on the Documents tab and you will see a copy of the current Daycare Property Syndicate Brochure.
To Register Interest in this syndication, click on the button and a representative from Erskine + Owen will be in contact with you.