Erskine and Owen Limited

Daycare Property Syndicate LP

Commercial Property

Wholesale
Trade
Total Shares/Units
9,400,000 Units
Par Value
NZD $1.00
Min Investment
25,000 Units
Min Sell Price Per Share/Unit
NZD $0.82
Total Quantity on Offer
100,000 Units
Highest Bid
Active Bidders
Last Traded Value
NZD $1.00
Last Traded Quantity
250,000 Units
Last Traded Date
July 25, 2024

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

2 Weir Lane, Silverdale 0932

Tuakau

3 School Road, Tuakau, 2121

Pokeno

2 -4 Hillpark Drive, Pokeno 2402

Papatoetoe

170 Puhinui Road, Papatoetoe, Auckland 2104

Dunedin

39 Queens Drive, Saint Kilda, Dunedin 9012

$50k Daycare LP taxable income rec 31 March 2021
$50k Daycare LP taxable income rec 31 March 2021
22/6/2021
2022 AGM Minutes - Daycare Property Syndicate LP
2022 AGM Minutes - Daycare Property Syndicate LP
23/9/2022
20220705 - Distribution Reduction - Interim Update Daycare Syndicate
20220705 - Distribution Reduction - Interim Update Daycare Syndicate
6/12/2022
Daycare LP taxable income rec 31 March 2022
Daycare LP taxable income rec 31 March 2022
13/7/2022
Daycare Property Syndicate Limited Partnership Agreement 15 April 2020
Daycare Property Syndicate Limited Partnership Agreement 15 April 2020
20/7/2020
Daycare Property Syndicate Limited Partnership IM 5/22
Daycare Property Syndicate Limited Partnership IM 5/22
12/7/2020
Daycare Property Syndicate Limited Partnership IM 7/22
Daycare Property Syndicate Limited Partnership IM 7/22
30/6/2020
Daycare Property Syndicate LP FY21 Financial Statements Audited
Daycare Property Syndicate LP FY21 Financial Statements Audited
11/8/2021
Daycare Report Qtr 1 FY21 04082020
Daycare Report Qtr 1 FY21 04082020
10/8/2020
Daycare Syndicate LP Update April 2020
Daycare Syndicate LP Update April 2020
14/7/2020
Daycare Syndicate LP Update May 2020
Daycare Syndicate LP Update May 2020
14/7/2020
E+O Daycare Brochure 7.0%
E+O Daycare Brochure 7.0%
30/6/2020
E+O Daycare Syndicate Update COVID-19 18 March 2020
E+O Daycare Syndicate Update COVID-19 18 March 2020
14/7/2020
FY21 Q2 Report - Daycare LP
FY21 Q2 Report - Daycare LP
2/5/2021
FY21 Q3 Report - Daycare LP
FY21 Q3 Report - Daycare LP
2/5/2021
FY21 Q4 Report - Daycare LP
FY21 Q4 Report - Daycare LP
2/5/2021
FY22 Financial Statements - Daycare Properties Syndicate LP
FY22 Financial Statements - Daycare Properties Syndicate LP
23/9/2022
FY22 Q1 Report - Daycare LP
FY22 Q1 Report - Daycare LP
11/8/2021
FY22 Q2 Report - Daycare LP
FY22 Q2 Report - Daycare LP
11/11/2021
FY22 Q3 Report - Daycare LP
FY22 Q3 Report - Daycare LP
1/2/2022
FY22 Q3 Report - Daycare LP
FY22 Q3 Report - Daycare LP
28/1/2022
FY22 Q4 Report - Daycare LP
FY22 Q4 Report - Daycare LP
4/5/2022
FY23 Q1 Dayare Prop Synd LP_Quarterly Report
FY23 Q1 Dayare Prop Synd LP_Quarterly Report
27/7/2022
FY23 Q2 Dayare Prop Synd LP_Quarterly Report
FY23 Q2 Dayare Prop Synd LP_Quarterly Report
5/12/2022
FY24 Q3 Daycare Prop Synd LP_Quarterly Report
FY24 Q3 Daycare Prop Synd LP_Quarterly Report
13/3/2024
FY25 Q1 Daycare Prop Synd LP_Quarterly Report
FY25 Q1 Daycare Prop Synd LP_Quarterly Report
30/8/2024
Net asset backing Daycare Properties Syndicate LP 31.08.22
Net asset backing Daycare Properties Syndicate LP 31.08.22
30/11/2022

Erskine and Owen Limited

Wholesale
Erskine and Owen Limited

Daycare Property Syndicate LP

Commercial Property

Bid

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.

Total Share/Units
9,400,000 Units
Min Investment
25,000 Units
Min Investment Value
NZD $25,000.00
Par Value
NZD $1.00
Quantity on Offer
100,000 Units
Offer Price
NZD $0.82
Highest Bid
Active Bidders
Last Traded Price
NZD $1.00
Last Traded Quantity
250,000 Units
Last Traded Date
July 25, 2024

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

2 Weir Lane, Silverdale 0932

Tuakau

3 School Road, Tuakau, 2121

Pokeno

2 -4 Hillpark Drive, Pokeno 2402

Papatoetoe

170 Puhinui Road, Papatoetoe, Auckland 2104

Dunedin

39 Queens Drive, Saint Kilda, Dunedin 9012

$50k Daycare LP taxable income rec 31 March 2021
$50k Daycare LP taxable income rec 31 March 2021
22/6/2021
2022 AGM Minutes - Daycare Property Syndicate LP
2022 AGM Minutes - Daycare Property Syndicate LP
23/9/2022
20220705 - Distribution Reduction - Interim Update Daycare Syndicate
20220705 - Distribution Reduction - Interim Update Daycare Syndicate
6/12/2022
Daycare LP taxable income rec 31 March 2022
Daycare LP taxable income rec 31 March 2022
13/7/2022
Daycare Property Syndicate Limited Partnership Agreement 15 April 2020
Daycare Property Syndicate Limited Partnership Agreement 15 April 2020
20/7/2020
Daycare Property Syndicate Limited Partnership IM 5/22
Daycare Property Syndicate Limited Partnership IM 5/22
12/7/2020
Daycare Property Syndicate Limited Partnership IM 7/22
Daycare Property Syndicate Limited Partnership IM 7/22
30/6/2020
Daycare Property Syndicate LP FY21 Financial Statements Audited
Daycare Property Syndicate LP FY21 Financial Statements Audited
11/8/2021
Daycare Report Qtr 1 FY21 04082020
Daycare Report Qtr 1 FY21 04082020
10/8/2020
Daycare Syndicate LP Update April 2020
Daycare Syndicate LP Update April 2020
14/7/2020
Daycare Syndicate LP Update May 2020
Daycare Syndicate LP Update May 2020
14/7/2020
E+O Daycare Brochure 7.0%
E+O Daycare Brochure 7.0%
30/6/2020
E+O Daycare Syndicate Update COVID-19 18 March 2020
E+O Daycare Syndicate Update COVID-19 18 March 2020
14/7/2020
FY21 Q2 Report - Daycare LP
FY21 Q2 Report - Daycare LP
2/5/2021
FY21 Q3 Report - Daycare LP
FY21 Q3 Report - Daycare LP
2/5/2021
FY21 Q4 Report - Daycare LP
FY21 Q4 Report - Daycare LP
2/5/2021
FY22 Financial Statements - Daycare Properties Syndicate LP
FY22 Financial Statements - Daycare Properties Syndicate LP
23/9/2022
FY22 Q1 Report - Daycare LP
FY22 Q1 Report - Daycare LP
11/8/2021
FY22 Q2 Report - Daycare LP
FY22 Q2 Report - Daycare LP
11/11/2021
FY22 Q3 Report - Daycare LP
FY22 Q3 Report - Daycare LP
1/2/2022
FY22 Q3 Report - Daycare LP
FY22 Q3 Report - Daycare LP
28/1/2022
FY22 Q4 Report - Daycare LP
FY22 Q4 Report - Daycare LP
4/5/2022
FY23 Q1 Dayare Prop Synd LP_Quarterly Report
FY23 Q1 Dayare Prop Synd LP_Quarterly Report
27/7/2022
FY23 Q2 Dayare Prop Synd LP_Quarterly Report
FY23 Q2 Dayare Prop Synd LP_Quarterly Report
5/12/2022
FY24 Q3 Daycare Prop Synd LP_Quarterly Report
FY24 Q3 Daycare Prop Synd LP_Quarterly Report
13/3/2024
FY25 Q1 Daycare Prop Synd LP_Quarterly Report
FY25 Q1 Daycare Prop Synd LP_Quarterly Report
30/8/2024
Net asset backing Daycare Properties Syndicate LP 31.08.22
Net asset backing Daycare Properties Syndicate LP 31.08.22
30/11/2022

Erskine and Owen Limited