Sustainable Property Investment Fund (“Sustainable” or “the Fund”) is undertaking an equity raise of up to $50 million, offering wholesale investors the opportunity to invest in a long-established, value-add commercial property fund with a proven 16-year track record. Units are being offered at an issue price of $2.45 per Unit, with the proceeds intended to increase the Fund’s capacity to acquire additional high-quality commercial properties that enhance diversification, income stability, and long-term capital growth.

Sustainable is a New Zealand-based commercial property investment fund structured as a Portfolio Investment Entity (PIE), providing tax efficiencies for many investors through a maximum PIR of 28% for New Zealand residents. Since inception in 2008, Sustainable has delivered an 11% annualised compounding pre-tax return, inclusive of capital growth and distributions and assuming reinvestment of distributions. Although past performance is not a reliable indicator of future results, the Fund has historically outperformed both the NZX All Real Estate Index and its long-term benchmark of the 10-Year NZ Government Bond rate + 6%.

The Fund currently owns 15 commercial, industrial, and retail properties valued at $198 million across Auckland, Whangarei, and Christchurch. The portfolio maintains a Weighted Average Lease Term (WALT) of 4.05 years and 95% occupancy (as at 30 September 2025) and is diversified across a broad range of tenant industries including government, IT and telecommunications, medical services, industrial and manufacturing, retail, and professional services. The Fund’s strategy prioritises acquiring and managing assets with value-add potential, undertaking targeted improvements, and recycling capital where beneficial. Recent divestments within the Pukekohe Precinct will settle in January 2026, with proceeds intended to be redeployed into new opportunities aligned with the Fund’s investment criteria.

Sustainable is projecting a year-end Unit value of $2.49 at 31 March 2026, based on independent valuer guidance and current market expectations. The Manager has committed to FY27 distributions of 14.7 cents per Unit, equating to a 6.0% pre-tax yield on the issue price. Beyond FY27, distributions are expected to follow the Fund’s policy of 6% ± 0.5% of reported Unit value, subject to meeting financial and performance thresholds. Forecasts do not factor in the benefits of new acquisitions funded through this capital raise; the Manager expects such acquisitions to improve income returns and capital growth further.

Register your interest below to speak with one of the Sustainable team.

This offer is open exclusively to wholesale and eligible investors under the Financial Markets Conduct Act 2013. Applications for Units close 31 March 2026, with settlement by 1 April 2026. Prospective investors should carefully review all offer materials, understand the risks—including market, leasing, financing, regulatory, and liquidity risks—and seek independent financial advice before investing.