Wholesale
Provincia

Provincia Property Fund

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 $14,845,463.00
Share Price
NZD $1.56
Minimum Investment
NZD $50,000.00
Issue Type
Property
Sector
Property

Provincia is an industrial property fund with a diverse investment portfolio of properties. The quality of its properties, benefits of its open-ended PIE fund, and a strong historical total return of 15.0% (average for 2019 – 2022) sets the fund apart. Provincia operate as a single diversified fund and the management team are all investors as well. With this, the right incentives are in place to drive future performance.


Provincia invests in quality mid-sized ($5-10 million) industrial properties located in growth areas that have sound economics. Its properties are located in areas with some of the lowest vacancy rates in the country. When tenants move on, Provincia can replace them very quickly. Also during economic downturns, shops may close down and offices may cut back, but factories and warehouses just keep running.

With this offer, Provincia is looking to take advantage of counter-cyclical opportunities it is seeing in the current market by purchasing great properties at good prices to expand its portfolio by $22 million. New acquisitions will be funded by raising a further $15 million of equity from investors and $7 million of bank funding. New acquisitions will be selected by the Manager according to our property strategy and will have yields that will contribute to achieving the forecast returns.


Opening Date

1st September 2022.

Closing Date

31st March 2023 or when fully subscribed.

Share Price

The current share price is $1.56.

Shares Offered

9,516,322 shares issued at $1.56 (discounted to $1.51) to raise $14,845,463.

Minimum Subscription amount

Existing Investors: $10,000. New Investors: $50,000.

Forecast Returns

Provincia is forecasting a Total Return of 15.2%, for the 2023 financial year ending March 31 2023. Which is the sum of the forecast fair value gain of 11.6% and the forecast pre-tax cash return of 3.6%. (5.5 cents per share) The forecast returns are based on the discounted share price of $1.51.


For more information and to be put in contact with the issuer click "Register Interest".

Investment Statement_v3_15Sept_v3
Investment Statement Flyer
October 5, 2022
5/10/2022
Provincia Annual Report 2022
October 3, 2022
3/10/2022

Provincia

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