The fund’s investment strategy is to grow a diversified portfolio of large format retail properties, targeting supermarkets, DIY or hardware stores, bulk retail stores and bulk retail centres throughout New Zealand.
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Register your interest.
To register your interest in the Oyster Large Format Retail Fund, please complete the form and you will automatically receive the Product Disclosure Statement.
If you have any questions in the meantime, please do not hesitate to get in contact with one of our team members.
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Location
Two newly developed properties located in Wiri, a sought-after industrial suburb located within South Auckland. The location provides ease of access to the airport, with motorways SH20 & SH1 providing excellent linkage to wider Auckland.
Long-Term Leases
Initial lease terms of 10 years to Plumbing World Ltd to June 2029 and NBL (New Zealand) Ltd to November 2027 with further rights of renewal available under each lease. The weighted average lease term is 9.28 years (as at August 2019).
Sector Performance
The industrial property sector has been the strongest performing asset class within the wider New Zealand property market. In particular, Auckland’s industrial property market has experienced rental growth and record low vacancies with a limited supply of new buildings.
Secure Rental Growth
NBL (New Zealand) Ltd has fixed 2.5% annual rent reviews (including on renewal) and Plumbing World Ltd has fixed 2% annual rent reviews (including on renewal).
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