Wholesale
First Light Capital Limited

First Light Property Fund

Commercial Property

Register Interest

WARNING

The law normally requires people who offer financial products to give information to investors before they invest. This information is designed to help investors make an informed decision.

If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information.

You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.

Transaction Size
NZD 5,070,000.00
Share Price
NZD 1.00
Minimum Investment
NZD 100,000.00
Issue Type
Commercial Property
Sector
Property

First Light Property Fund Limited has been established to enable the founders and likeminded investors to pool their funds and invest side by side in commercial and industrial properties with suitable returns.

Our aim is simple – to grow a portfolio of commercial and industrial properties that have a diversified group of premium tenants and growth potential. We will focus on key locations in New Zealand where there are strong economic fundamentals underpinning medium to long term demand for our properties.

Commercial and industrial property has proven over time to continue to perform even in difficult economic times. Industrial property in particular has maintained positive return and market growth during the Covid-19 pandemic.

Our first acquisition, 2 Harris Road, is a commercial building located in the low vacancy industrial area of East Tamaki, Auckland. With two premium tenants on long-term leases, this property meets our location, tenant, yield, and potential growth criteria.

2 Harris Road generates a target pre-tax cash return of 6.5% p.a.

First Light Property Fund Limited is an open-ended fund. As such, our intention is to continue to add to our portfolio of properties, thereby diversifying investment risk across multiple properties, sectors, and tenants. We believe that this is a conservative investment structure enabling us to better manage

the requirements of our tenants and provide our shareholders with superior security.

Our strategy is to provide the closest alternative to direct property ownership as possible, targeting total shareholder returns of 8% p.a., with regular monthly distributions. Being a PIE fund, shareholders receive the same income, tax deductions and capital gains as if they owned the properties direct, including depreciation deductions which reduces their tax. First Light Property Fund Limited intends to grow by acquiring further commercial and industrial properties. The founders, alongside other existing investors, will be offered the first opportunity to reinvest on a pari passu basis.

The investment statement for the Fund and a brochure for 2 Harris Road are available under the Documents tab. Register interest to be put in touch with the offerer of this investment.

First Light Property Fund Limited Investment Statement 28 Jan 2021
February 2, 2021
2/2/2021
First Light Property Fund Limited - Harris Road Brochure Jan 2021
February 2, 2021
2/2/2021

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