Wholesale
Erskine and Owen Limited

NZ Daycare Properties Fund LP Raise 2

Commercial Property

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Offer restricted to “Wholesale Investors” under clauses 3(2) and 3(3) of Schedule 1 to the Financial Markets Conduct Act 2013 (or to any other person to whom an exclusion applies under Schedule 1 of that Act).

Total Share/Units
3,450,000 Units
Min Investment
50,000 Units
Min Invest Value
NZD 50,000.00
Par Value
NZD 1.00
Issuer
Erskine and Owen Limited
Issue Type
Commercial Property
Sector
Commercial Property
Offer End Date
May 20, 2022

E+O Property Syndication Limited (E+O, General Partner or GP) has established a property fund – the NZ Daycare Properties Fund LP (Limited Partnership or LP) which will focus on acquiring a portfolio of daycare properties. The objective of the Limited Partnership is to provide investors with a competitive return from the portfolio while providing diversity of tenant and location. 

 

Drawing on our property expertise, the General Partner has identified and acquired, another property in Hamilton that meets their buying profile criteria. The GP will seek out further properties with similar characteristics and return profiles to add to the portfolio in future. 

 

The General Partner has the property management expertise and experience to ensure tenancies within the portfolio are well managed with strategies in place to grow total property value over time.

The New Property to be purchased by the Limited Partnership is representative of the profile of properties that will be acquired. The General Partner has agreed terms to purchase a property at 10-18 Shakespeare Avenue, Enderley, Hamilton. The settlement date for the New Property is 24 May, 2022.

Target Returns

The Statement of Investment Policy and Objectives (SIPO) for the Limited Partnership will include a target distribution to investors of at least 6.25% per annum (Cash Net Pre-Tax Annual Yield on Equity). 

Investment Highlights

+ 6.25% p.a projected cash return* paid monthly

+ Purpose-built daycare centres in growth locations

Long leases – Weighted Average Lease Term (WALT) of 15.27 years

Quality daycare operators running multiple sites in New Zealand

A sector with significant Government support – ECE subsidies underpin tenant revenues

$50,000 minimum investment for wholesale investors only

Property Name Location Address
10-18 Shakespeare Avenue Hamilton 10-18 Shakespeare Avenue, Enderley, Hamilton 3214
The Rainbow Centre Hamilton 24 Brent Greig Lane, Burbush, Hamilton, 3200

Login for more details

FY22 Q4 Report - NZ Daycare Property Fund LP
5/4/2022
4/5/2022
NZ Daycare Properties Fund IM - April 2022
4/7/2022
7/4/2022
FY22 Q3 Report - NZ Daycare Property Fund LP
1/28/2022
28/1/2022
NZ Daycare Properties Fund Brochure
8/9/2021
9/8/2021
NZ Daycare Properties Fund LP IM- Aug 2021
4/7/2022
7/4/2022

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