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Silverfin Capital

66 The Square Scheme

Commercial Property

Bid

Please note any investor wishing to invest in this scheme must meet both the eligibility criteria of the investment as set by Silverfin and all regulatory obligations in respect of New Zealand's AML/CFT Act 2009. Silverfin may require further information from the bidder before the trade can proceed and in the event a proposed buyer does not meet the regulatory requirements, the bid or trade may be rejected.


*All information contained in the Scheme Information section is as at the Information Memorandum date.

** Quarterly Reports (which provide investors with updates on the Scheme) are available from Silverfin Capital upon request. Please email yulena@silverfin.nz.

Total Share/Units
179 Units
Min Investment
1 Unit
Min Investment Value
NZD $50,000.00
Par Value
NZD $50,000.00
Quantity on Offer
1 Unit
Offer Price
NZD $50,000.00
Highest Bid
Active Bidders
Last Traded Price
NZD $30,000.00
Last Traded Quantity
1 Unit
Last Traded Date
May 29, 2020

*All information contained in the Scheme Information section is as at the Information Memorandum date.

** Quarterly Reports (which provide investors with updates on the Scheme) are available from Silverfin Capital upon request. Please email yulena@silverfin.nz.


Silverfin Capital Limited manages 66 The Square Proportionate Ownership Scheme, a 38 year old office tower on 1,000 m2 site located in the heart of Palmerston North at 66-68 The Square (corner Fitzherbert and The Square). The major leases are to TSB Bank Limited, Quest Serviced Apartments and Glendinning Chartered Accountants. There is approximately 5,016 m2 of NLA office accommodation and 40 apartments. Under new management the Scheme reinstated the payment of monthly distributions in June 2019 at a 5% return per annum.  The property is cash flow positive with circa $1,000,000.00 per annum in rental.


Investors are currently receiving distributions of 5.00% per annum. The net asset value per unit as at 30 September 2022 is $59,527.


Registered Managed Investment Scheme (SCH11722). Managed by Silverfin Capital Limited (FSP487266). Silverfin Capital Limited is a New Zealand licensed manager of managed investment schemes (excluding managed funds) that invest in real property or property syndicates/real property proportionate ownership schemes.

66 The Square

66 The Square, Palmerston North, 4410 New Zealand

9-15 Fitzherbert Avenue

9 Fitzherbert Avenue, Palmerston North, 4410 New Zealand

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