Wholesale
Oyster Management Ltd

Oyster Industrial 4.0

Property

Register Interest
Transaction Size
NZD 48,909,000.00
Share Price
NZD 1.19
Minimum Investment
NZD 50,000.00
Issue Type
Property
Sector
Property

We are pleased to present you with the fourth equity raise for Oyster Industrial. Oyster Industrial is a limited liability company, established as an open-ended and PIE structured unlisted property vehicle. It aims to grow, through further acquisitions, a stable and diversified portfolio of industrial real estate. Targeted investments will provide tenant and property diversification within the industrial sector. A key objective for Oyster Industrial is delivering a stable monthly income return to investors whilst providing the potential for long-term capital gain.

The minimum investment is $59,500 (50,000 shares at $1.19 per share), and multiples of $59,500 thereafter. Oyster Industrial is forecasting a pre-tax cash return of 5.25 cents per share p.a. payable monthly (for the period to 31 March 2023), equating to 4.41% per annum.

Oyster Industrial has delivered exceptional returns to investors, providing an annualised total return of 11.1% since inception for the period to 31 December 2021 1 . The industrial sector has been the strongest performing asset class within the New Zealand property sector for the past 15 years 2 . The sector continues to retain its appeal to investors due to its strong defensive qualities and sound occupier fundamentals, supported by low vacancies, supply constraints of appropriately zoned industrial land and consistent rental growth.

Oyster Industrial has recently purchased 67 Main North Road, Kaiapoi, Canterbury and is contracted to purchase 100 Harris Road, East Tāmaki, Auckland. 67 Main North Road, Kaiapoi consists of a 15,714m² large-scale food production facility on a 47,993m² site held in three freehold titles leased to Hellers Limited. Hellers is New Zealand’s leading brand of processed meats and they have been in operation since 1985, supplying to New Zealand, Australia and parts of the Pacific. 100 Harris Road, East Tāmaki, Auckland, comprises 16,767m² of lettable area of high stud warehouse, workshop/plant rooms and offices over two levels. The 22,374m² site benefits from a wide road frontage with dual access to the property. The tenant, VIP Plastic Packaging (NZ) Limited, is a rigid plastic packaging manufacturer ultimately owned by Pact Group Holdings Limited, an ASX listed company.

Since inception, Oyster Industrial has experienced strong uptake and now has more than 450 investors. The industrial sector’s strong defensive qualities and sound occupier fundamentals, along with Oyster Industrial’s diversified portfolio and quality tenants, continues to have strong investor appeal.

The portfolio has been independently valued at $270.9 million (including the contracted acquisition) and provides geographical diversification with properties located in Auckland, Wellington and Canterbury. The properties comprise 8 tenancies including brands such as Plumbing World, Downer, Alto Packaging (Pact Group), Cardinal Logistics, Hellers and VIP packaging (Pact Group). The tenancies will provide a combined weighted average lease term of 8.54 years (as at 29 April 2022).

Oyster Industrial is managed by Oyster Management Limited, a leading New Zealand commercial property fund manager. The Manager manages a range of retail, office, and industrial assets throughout New Zealand, with a combined value in excess of $2.1 billion.

With settlement of 67 Main North Road, Kaiapoi, Canterbury complete, the shares issued to the underwriters of the offer are now available to purchase. All applications for shares will be processed on a first come, first served basis.

Oyster Industrial Limited is the issuer of the shares. Register your interest, via the button below, to receive a copy of the Product Disclosure Statement or visit https://oystergroup.co.nz/oil/

¹ Calculated from 1 January 2021 to 31 December 2021 based on the net asset value per share (including the 31 December 2021 valuations) and dividends paid during the period. Past performance is no indication or guarantee of future performance.

² Source: MSCI as at 30 September 2021

The Product Disclosure Statement contains details of how the forecast return on investment is calculated. The forecast return is based on any principle assumptions and methods of calculation described in the Product Disclosure Statement. Prospective Investors are recommended to seek professional advice from a financial advice

provider which considers their personal circumstances before making an investment decision. This offer is made in accordance with the Financial Markets Conduct Act 2013.

Oyster Industrial 4.0 - PDS
May 27, 2022
27/5/2022
Oyster Industrial 4.0 - Investment Brochure
May 27, 2022
27/5/2022

Oyster Management Limited

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