Provincia Property Fund Ltd ("Provincia") is an unlisted limited liability company that invests in industrial property. Shareholders own shares in Provincia which in turn directly owns the properties. The opportunity exists for wholesale investors to express interest to invest in Provincia.
Provincia invests in quality, mid-sized industrial properties in growth areas of New Zealand that have sound economics. Provincia's strategy is to provide the closest alternative to direct property ownership as possible, targeting a pre-tax cash yield of 6% p.a. plus capital growth.
Provincia is an open-ended PIE fund. As such it will continue to add to its portfolio of properties, thereby further diversifying investment risk across multiple properties and tenants.
Provincia currently owns nine industrial properties with a total value of $63.7 million and combined rental income of $3.7 million p.a.
It is anticipated that Provincia will continue to grow as further investment properties are identified and existing investors will be offered the first opportunity to reinvest.
Shareholders own shares in Provincia and will be entitled to receive dividends. Provincia's current distribution policy is to pay quarterly dividends from distributable profits, targeting a pre-tax cash yield of 6% p.a.
Shareholders will also benefit from any increases in the value of the property portfolio which will be directly reflected in the value of the shares they hold.
View a copy of the Provincia Investor Statement under the Documents tab.
Click Register Interest to get in contact with the manager and express interest or ask for further information.
PROVINCIA PROPERTY FUND LTD
Phone 0800 522 222