Quarry Capital

Tweed Property Scheme

Commercial Property

Wholesale
Bid
Total Share/Units
766 Units
Min Investment
1 Unit
Min Investment Value
NZD $10,000.00
Par Value
NZD $10,000.00
Quantity on Offer
18 Units
Offer Price
NZD $180,000.00
Highest Bid
Active Bidders
Last Traded Price
NZD $40,000.00
Last Traded Quantity
4 Units
Last Traded Date
July 24, 2023

Note: It is important that you carefully review the Information Memorandum before making an application. We note that as part of the negotiations on the assignment of the lease a bond of $100,000 has been provided to MPI and will be released upon completion and satisfaction of the fitout works. This type of bond is normal where leases are assigned the purchaser has obligations to undertake works.

Quarry Capital Limited (as the offeror, promoter, and manager) offers certified wholesale investors an opportunity to purchase proportionate ownership interests ('Interests') in an existing proportionate ownership scheme. The scheme was previously known as the Tuapeka Property Syndicate, however following a restructure which took place on 25 July 2022, the scheme has been renamed as the Tweed Property Scheme (‘Scheme’).


Scheme investors are currently receiving pre-tax cash distributions of 7.1% per annum. This will be changing to 6.0% on 1 September 2023 to reflect the higher cost of the scheme debt.


The Scheme is a managed investment scheme under the Financial Markets Conduct Act 2013. The Scheme (via TGP Nominees Limited, as bare trustee) currently owns the land and buildings at 9 Chadwick Street, Fairfield, Dunedin which it leases to Tuapeka Gold Print, as well as the land and buildings at 90 Tweed Street in Invercargill, which it leases to Ministry for Primary Industries ('MPI') under a new 12-year lease following the recent redevelopment and fitout.


The redevelopment programme at 90 Tweed Street (including base build works and fitout works) is largely finished and the tenant is occupying the premises. The cost of the fitout (excluding base build works) is being repaid by MPI to the Scheme over the initial term of the lease, in addition to a finance cost and annual property rental.





90 Tweed Street

90 Tweed Street, West Invercargill, Invercargill 9810

9 Chadwick Street

9 Chadwick Street, Fairfield, Dunedin 9018

Annual Report - FY21
Annual Report - FY21
30/3/2022
Annual Report - FY22
Annual Report - FY22
25/7/2022
Annual Report FY23
Annual Report FY23
8/8/2023
Information Memorandum (original)
Information Memorandum (original)
2/3/2022
Tuapeka 2022 - June Q
Tuapeka 2022 - June Q
28/11/2022
Tuapeka 2022 - March Q
Tuapeka 2022 - March Q
28/11/2022
Tweed 2021 - Dec Q
Tweed 2021 - Dec Q
30/3/2022
Tweed 2021 - June Q
Tweed 2021 - June Q
30/3/2022
Tweed 2021 - March Q
Tweed 2021 - March Q
30/3/2022
Tweed 2021 - Sep Q
Tweed 2021 - Sep Q
30/3/2022
Tweed 2022 - Dec Q
Tweed 2022 - Dec Q
8/8/2023
Tweed 2022 - Sep Q
Tweed 2022 - Sep Q
28/11/2022
Tweed 2023 - June Q
Tweed 2023 - June Q
15/8/2023
Tweed 2023 - March Q
Tweed 2023 - March Q
8/8/2023
Tweed Property Scheme IM - June 2022
Tweed Property Scheme IM - June 2022
28/11/2022
Wholesale
Quarry Capital

Tweed Property Scheme

Commercial Property

Bid

Note: It is important that you carefully review the Information Memorandum before making an application. We note that as part of the negotiations on the assignment of the lease a bond of $100,000 has been provided to MPI and will be released upon completion and satisfaction of the fitout works. This type of bond is normal where leases are assigned the purchaser has obligations to undertake works.

Total Share/Units
766 Units
Min Investment
1 Unit
Min Investment Value
NZD $10,000.00
Par Value
NZD $10,000.00
Quantity on Offer
18 Units
Offer Price
NZD $180,000.00
Highest Bid
Active Bidders
Last Traded Price
NZD $40,000.00
Last Traded Quantity
4 Units
Last Traded Date
July 24, 2023

Quarry Capital Limited (as the offeror, promoter, and manager) offers certified wholesale investors an opportunity to purchase proportionate ownership interests ('Interests') in an existing proportionate ownership scheme. The scheme was previously known as the Tuapeka Property Syndicate, however following a restructure which took place on 25 July 2022, the scheme has been renamed as the Tweed Property Scheme (‘Scheme’).


Scheme investors are currently receiving pre-tax cash distributions of 7.1% per annum. This will be changing to 6.0% on 1 September 2023 to reflect the higher cost of the scheme debt.


The Scheme is a managed investment scheme under the Financial Markets Conduct Act 2013. The Scheme (via TGP Nominees Limited, as bare trustee) currently owns the land and buildings at 9 Chadwick Street, Fairfield, Dunedin which it leases to Tuapeka Gold Print, as well as the land and buildings at 90 Tweed Street in Invercargill, which it leases to Ministry for Primary Industries ('MPI') under a new 12-year lease following the recent redevelopment and fitout.


The redevelopment programme at 90 Tweed Street (including base build works and fitout works) is largely finished and the tenant is occupying the premises. The cost of the fitout (excluding base build works) is being repaid by MPI to the Scheme over the initial term of the lease, in addition to a finance cost and annual property rental.





90 Tweed Street

90 Tweed Street, West Invercargill, Invercargill 9810

9 Chadwick Street

9 Chadwick Street, Fairfield, Dunedin 9018

Annual Report - FY21
Annual Report - FY21
30/3/2022
Annual Report - FY22
Annual Report - FY22
25/7/2022
Annual Report FY23
Annual Report FY23
8/8/2023
Information Memorandum (original)
Information Memorandum (original)
2/3/2022
Tuapeka 2022 - June Q
Tuapeka 2022 - June Q
28/11/2022
Tuapeka 2022 - March Q
Tuapeka 2022 - March Q
28/11/2022
Tweed 2021 - Dec Q
Tweed 2021 - Dec Q
30/3/2022
Tweed 2021 - June Q
Tweed 2021 - June Q
30/3/2022
Tweed 2021 - March Q
Tweed 2021 - March Q
30/3/2022
Tweed 2021 - Sep Q
Tweed 2021 - Sep Q
30/3/2022
Tweed 2022 - Dec Q
Tweed 2022 - Dec Q
8/8/2023
Tweed 2022 - Sep Q
Tweed 2022 - Sep Q
28/11/2022
Tweed 2023 - June Q
Tweed 2023 - June Q
15/8/2023
Tweed 2023 - March Q
Tweed 2023 - March Q
8/8/2023
Tweed Property Scheme IM - June 2022
Tweed Property Scheme IM - June 2022
28/11/2022