Provincia

Provincia Property Fund Limited

Commercial Property

Wholesale
Bid
Total Share/Units
41,442,558 Shares
Min Investment
1 Share
Min Investment Value
NZD $1.61
Par Value
NZD $1.61
Quantity on Offer
120,000 Shares
Offer Price
NZD $102,000.00
Highest Bid
Active Bidders
Last Traded Value
NZD $24,172.49
Last Traded Quantity
33,113 Shares
Last Traded Date
June 27, 2024

This offer is not open to the public. It is open to Wholesale Investors including New Zealand residents who invest at least NZ$750,000, or who are Eligible Investors, or who are otherwise classed as Wholesale Investors. Non-New Zealand residents may also apply.

Provincia is an industrial property fund with a diverse investment portfolio of 13 properties. The quality of its properties, benefits of its open-ended PIE fund, and a strong historical total return sets the fund apart. Provincia operates as a single diversified fund and the management team are all investors as well. With this, the right incentives are in place to drive future performance.


Provincia invests in quality mid-sized ($5-10 million) industrial properties located in growth areas that have sound economics. Its properties are located in areas with some of the lowest vacancy rates in the country. When tenants move on, Provincia can replace them very quickly. Also during economic downturns, shops may close down and offices may cut back, but factories and warehouses just keep running. For further information, refer to our Investment Statement and Quarterly Reports available on the Documents tab.


Provincia's strategy is to buy properties where value can be added in the short to medium term. This could be surplus land for future development, opportunities to improve the lease terms or improvements to the building to increase rent and value. The portfolio consists of 13 industrial properties (12 in Auckland and one in New Plymouth) with a total value of $104 Million and supporting rental income of 5.45 Million as at 31 march 2023

 

Returns

Provincia has returned on average 6.77 cents per share over the last 5 years plus an average capital gain of 9.87 cents per share, making an average total return of 16.64 cents per share over the last 5 years. (2019 to 2023). For further details on returns download our Annual Report and latest Quarterly Report for forecasts. 

*Please note the seller will forfeit one month’s dividend on the shares listed on the secondary market in the month that the trade settles, irrespective of the settlement date of the trade in that month. This means that the buyer will receive a full month’s dividend and PIE tax allocation if the buyer owns the shares on the last day of the month.

D0000017 Disclosure Notice Director and Senior Managers
D0000017 Disclosure Notice Director and Senior Managers
21/2/2024
D0000018 Disclosure Notice Director and Senior Managers
D0000018 Disclosure Notice Director and Senior Managers
18/3/2024
D0000021 Disclosure Notice Director and Senior Managers
D0000021 Disclosure Notice Director and Senior Managers
14/3/2024
D0000022 Disclosure Notice Director and Senior Managers
D0000022 Disclosure Notice Director and Senior Managers
1/4/2024
D0000023 Disclosure Notice Director and Senior Managers
D0000023 Disclosure Notice Director and Senior Managers
1/4/2024
D0000024 Disclosure Notice Director and Senior Managers
D0000024 Disclosure Notice Director and Senior Managers
1/4/2024
Investment Statement Flyer
Investment Statement Flyer
5/10/2022
Investment Statement June 2023
Investment Statement June 2023
20/9/2023
Provincia Annual Report 2022
Provincia Annual Report 2022
16/9/2022
Provincia Property Fund Limited Quarterly Report (Q3 - 2024 Financial Year)
Provincia Property Fund Limited Quarterly Report (Q3 - 2024 Financial Year)
22/1/2024
Provincia Property Fund Annual Report 2023
Provincia Property Fund Annual Report 2023
20/9/2023
Provincia Property Fund Limited Quarterly Report (Q2 - 2024 Financial Year)
Provincia Property Fund Limited Quarterly Report (Q2 - 2024 Financial Year)
31/10/2023
Q4 Investor Quarterly Report - April 2024
Q4 Investor Quarterly Report - April 2024
7/5/2024
Quarterly Report Dec 2022_v3
Quarterly Report Dec 2022_v3
13/2/2023
Wholesale
Provincia

Provincia Property Fund Limited

Commercial Property

Bid

This offer is not open to the public. It is open to Wholesale Investors including New Zealand residents who invest at least NZ$750,000, or who are Eligible Investors, or who are otherwise classed as Wholesale Investors. Non-New Zealand residents may also apply.

Total Share/Units
41,442,558 Shares
Min Investment
1 Share
Min Investment Value
NZD $1.61
Par Value
NZD $1.61
Quantity on Offer
120,000 Shares
Offer Price
NZD $102,000.00
Highest Bid
Active Bidders
Last Traded Price
NZD $24,172.49
Last Traded Quantity
33,113 Shares
Last Traded Date
June 27, 2024

Provincia is an industrial property fund with a diverse investment portfolio of 13 properties. The quality of its properties, benefits of its open-ended PIE fund, and a strong historical total return sets the fund apart. Provincia operates as a single diversified fund and the management team are all investors as well. With this, the right incentives are in place to drive future performance.


Provincia invests in quality mid-sized ($5-10 million) industrial properties located in growth areas that have sound economics. Its properties are located in areas with some of the lowest vacancy rates in the country. When tenants move on, Provincia can replace them very quickly. Also during economic downturns, shops may close down and offices may cut back, but factories and warehouses just keep running. For further information, refer to our Investment Statement and Quarterly Reports available on the Documents tab.


Provincia's strategy is to buy properties where value can be added in the short to medium term. This could be surplus land for future development, opportunities to improve the lease terms or improvements to the building to increase rent and value. The portfolio consists of 13 industrial properties (12 in Auckland and one in New Plymouth) with a total value of $104 Million and supporting rental income of 5.45 Million as at 31 march 2023

 

Returns

Provincia has returned on average 6.77 cents per share over the last 5 years plus an average capital gain of 9.87 cents per share, making an average total return of 16.64 cents per share over the last 5 years. (2019 to 2023). For further details on returns download our Annual Report and latest Quarterly Report for forecasts. 

*Please note the seller will forfeit one month’s dividend on the shares listed on the secondary market in the month that the trade settles, irrespective of the settlement date of the trade in that month. This means that the buyer will receive a full month’s dividend and PIE tax allocation if the buyer owns the shares on the last day of the month.

D0000017 Disclosure Notice Director and Senior Managers
D0000017 Disclosure Notice Director and Senior Managers
21/2/2024
D0000018 Disclosure Notice Director and Senior Managers
D0000018 Disclosure Notice Director and Senior Managers
18/3/2024
D0000021 Disclosure Notice Director and Senior Managers
D0000021 Disclosure Notice Director and Senior Managers
14/3/2024
D0000022 Disclosure Notice Director and Senior Managers
D0000022 Disclosure Notice Director and Senior Managers
1/4/2024
D0000023 Disclosure Notice Director and Senior Managers
D0000023 Disclosure Notice Director and Senior Managers
1/4/2024
D0000024 Disclosure Notice Director and Senior Managers
D0000024 Disclosure Notice Director and Senior Managers
1/4/2024
Investment Statement Flyer
Investment Statement Flyer
5/10/2022
Investment Statement June 2023
Investment Statement June 2023
20/9/2023
Provincia Annual Report 2022
Provincia Annual Report 2022
16/9/2022
Provincia Property Fund Limited Quarterly Report (Q3 - 2024 Financial Year)
Provincia Property Fund Limited Quarterly Report (Q3 - 2024 Financial Year)
22/1/2024
Provincia Property Fund Annual Report 2023
Provincia Property Fund Annual Report 2023
20/9/2023
Provincia Property Fund Limited Quarterly Report (Q2 - 2024 Financial Year)
Provincia Property Fund Limited Quarterly Report (Q2 - 2024 Financial Year)
31/10/2023
Q4 Investor Quarterly Report - April 2024
Q4 Investor Quarterly Report - April 2024
7/5/2024
Quarterly Report Dec 2022_v3
Quarterly Report Dec 2022_v3
13/2/2023