Strong performance from a recent acquisition: 20 Westland Place
Our industrial investment strategy for Westland Property Syndicate is yielding good results.
In November 2021, the Westland Property Syndicate LP purchased a prime industrial building in Rolleston – 20km from the Christchurch CBD. We liked the Rolleston location because it is one of the fastest-growing areas in NZ, with productivity in this area outpacing the national average.
That growth creates demand for warehousing, logistics, and industrial services – so investing in an industrial property in this area with a well-established tenant made sense. Demand for industrial space in this area is expected to drive up rental rates and, in turn, increase the value of existing industrial property.
Six months on, the investment is yielding excellent results.
- The fund has continued to provide investors with a pre-tax cash return of 6.25% per annum, paid monthly; and
- The fund has achieved 42.27% per annum annualised pre-tax total return since inception: and
- The market valuation of the property has increased by 10.8% ($1.25m) over the purchase price of $11.5m.
Erskine Owen focuses on identifying properties with strong fundamentals and enduring value drivers. This property in the Westland Property Syndicate is another example of this successful approach.
The syndicate is nearing full subscription with only a limited number of units available. Minimum investment $50,000 and open only to “Wholesale Investors” under clauses 3(2) and 3(3) of Schedule 1 to the Financial Markets Conduct Act 2013 (or to any other person to whom an exclusion applies under Schedule 1 of that Act). Preliminary indications of interest are being sought at this stage and no indication of interest will involve an obligation or a commitment to participate in the offer. For further information and to request an Information Memorandum, please visit www.erskineowen.co.nz/westland.
Past performance is no guarantee or indication of future performance. Returns may vary and are not guaranteed.