Daycare Property Syndicate LP
Commercial Property
The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule 1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more.
If you fall within Schedule 1, Clause 3 of the FMCA, as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
Erskine + Owen
Established over 13 years ago, by Lisa Phillips and Alan Henderson, Erskine + Owen is a successful and growing property business based on intelligent property investment. Originally started to assist investors in securing property throughout New Zealand, a service it still performs today, Erskine + Owen has expanded over the past years into the commercial property syndication sector.
The company plans to build upon this successful syndication track record and grow its syndication business actively within the $5-30 million property value range. Erskine + Owen also includes a property management entity called Point Property and Portfolio Management Limited. This business operates in Auckland, Hamilton and Queenstown.
The Offer
The Offer is for a minimum subscription to 50,000 $1 units in the Daycare Property Syndicate Limited Partnership. The Offer is only available to “wholesale investors” as this is defined in Schedule 1 of the Financial Markets Conduct Act 2013 (FMC Act)).
Key Details
+ Five fully tenanted Daycare Centres
+ Run by experienced Daycare operators with 10–15 year leases
+ Government funded industry investment
+ $50K minimum investment for wholesale/eligible investors
+ Total property value $15,550,000
Returns
5.25%* projected cash return paid monthly
*Projected pre-tax return for full one-year period. Details on how return will be calculated, and the risk associated with the investment and return, are set out in the Information Memorandum. The initial projected investor return was stated as 6.6% P.A. in the Information Memorandum. Due to the recent cut in the OCR rate the interest rate achieved upon settlement enables us to project a 7.0% P.A. return to investors once all five properties have settled.
Silverdale
Tuakau
Pokeno
Papatoetoe
Dunedin
