Centuria Shands Road Property Trust
On behalf of Centuria NZ, we are pleased to announce that the opportunity to share in the ownership of Woolworths NZ’s primary South Island distribution centre via investment in Centuria Shands Road Property Trust is now open. To request further information, including a copy of the Product Disclosure Statement, please click here.
Key highlights
- 7.35% p.a. forecast pre-tax cash distribution for the first three years from 1 April 2025, paid to investors monthly.*
- Property leased to an outstanding tenant, Woolworths NZ. The facility is tenanted by the supermarket trading entity for Woolworths in New Zealand and is a key piece of its infrastructure. The Tenant advises that it operates 188 Woolworths supermarkets in New Zealand and has revenue in excess of $7 billion and total assets in excess of $2 billion (as at 30 June 2024).
- New 15 year lease (commenced 30 August 2024) with rights of renewal until 2059, providing a long term income stream with built in rental growth.
- Brand new warehouse extension to be constructed to meet Woolworths NZ’s growing requirements. The Tenant will continue operating out of the existing premises throughout and following the Expansion phase. Additional spare land provides the potential to add further value in the future.
- Landlord insulated from cost and delay risk, through fixed dates for rental increases and a capped Landlord contribution to Expansion costs.
- $90 million ‘as if complete’ valuation of the combined Property. 1
- Prime location on a prominent corner site in Christchurch’s pre-eminent industrial suburb, Hornby.
- Strong performing industrial property and supermarket sectors.
- Centuria NZ, well established and experienced manager, part of Centuria Capital Group, with approximately A$20 billion of Trans-Tasman assets under management.2 With a strong track record and thousands of wide ranging and long standing investors.
- PIE structure makes this a tax effective investment for many investors, who will be subject to a maximum tax rate of 28%.
- Fully underwritten Capital Raising Offer.
*Cash distributions are not guaranteed. Actual distribution rates may vary. Details on how the forecast pre-tax cash distributions are calculated (including the key assumptions upon which they are based), and the risks associated with the investment are set out in the Product Disclosure Statement.
1 Plus GST (if any). Valuation as at 23 October 2024.
2 As at 30 June 2024. Includes assets contracted to be settled, cash and other assets.
Centuria Funds Management (NZ) Limited is the issuer of the units in Centuria Shands Road Property Trust. A Product Disclosure Statement for the offer of units is available, and can be obtained by contacting the Bayleys Real Estate agents listed in this advertisement. Nothing in this advertisement constitutes an invitation to subscribe for, or an offer of, units, shares, securities or other financial products to any person, in any country, in which it would be unlawful to do so. Terms used in this advertisement have the same meaning as defined in the Product Disclosure Statement, unless the context suggests otherwise.
Prospective investors are recommended to seek professional advice from a financial advice provider which takes into account their personal circumstances before making an investment decision. The selling agents are not providing personalised advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available www.bayleys.co.nz/funds
Financial Advice Provider Group Limited (FSP773191) holds a licence issued by the Financial Markets Authority to provide financial advice. Bayleys Real Estate Limited (FSP773133) is authorised by that licence to provide financial advice.
The content of this website is general in nature – it is not intended to be financial advice and should not be relied on when making your investment decisions.
Before deciding whether to invest in any financial products available through Bayleys Real Estate Limited, you should obtain independent financial advice that takes account of your personal financial goals and circumstances.
Bayleys Real Estate Limited cannot provide you with any such independent financial advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available here. No person including Bayleys Real Estate, our Financial Advisers (selling agents), or the manager of the scheme, guarantees or promises any return to investors.
Should you wish to make a complaint, further information is available here.