Purchasing property or land that becomes the asset of the acquiring fund.
A resource that can produce a return.
A fund’s pro rata share of the latest independent valuations of all properties within the portfolio.
The aggregate amount of committed capital called and paid to the fund or partnership from time to time (after due allowance for any invested and returned capital)
The increase in the value of a property that happens over time as the market increases in value.
A capital raise is when PMG presented to the market to raise a prescribed about of funds from investors, which will fund the acquisition of one or more properties into a PMG fund. Also know as a Public Offer.
The cash distributed to investors in our funds (returns) every month or quarter, which varies between funds.
The cash distributed to investors in our funds (returns) every month or quarter, which varies between funds.
The term cpu refers to the targeted gross distribution per unit for unitholders.
An arrangement that is entered between a fund, the fund manager, a portfolio investment and another party wishing to invest in that portfolio investment.
The total amount in dollars agreed to be contributed to the capital of a fund by all partners.
Activity that opposes the current economic cycle or trends.
Cents Per Unit (CPU) refers to the targeted gross distribution per Unit for Unitholders.
When the value of chattels within your property decreases in value over time. This depreciation is considered an expense and is used to decrease the amount of tax you need to pay.
Means all capital, profits, interest and other benefits of the fund or partnership, to be capital or income available for distribution, and includes and takes into account any imputation credits or tax credits attached to such amounts at face value, and at any capital gains or loss
A distribution is profit earned by a managed fund and paid to investors. Throughout the financial year, a managed fund will earn income from its investments. These could be in the form of dividends, interest and foreign income. The managed fund may also make gains or losses on investments sold.
The value of assets minus any debt held against the fund/owner that owns the asset.
The Financial Markets Conduct Act 2013 (FMC Act) governs how financial products are created, promoted and sold, and the ongoing responsibilities of those who offer, deal and trade them.
An agreement with a lender or bank of the interest rate that you will pay for a set amount of time.
An agreement with a lender or bank where the interest rate you pay can change at any time.
The IRR represents the average annual return earned by a fund, before taxation and before including any costs incurred directly by investors (after due allowance for any invested and returned capital).
The Investment Committee of PMG.
The criteria that each investment must meet to be acquired, summarised in the fund’s Statement of Investment Policies and Objectives.
The period during which a fund or partnership will make or have made investments.
Like any investment, an investment in any of PMG’s funds comes with risks and while we are transparent with any existing risk, we advise that investors seek the advice of registered financial advisors before investing in any products.
The speed at which an asset or investment can be sold/converted for cash.
LVR is the amount of a loan compared to the value of the property.
Loan to Value Ratio (LVR) is the amount of a loan compared to the value of the property.
The management agreement entered into between a fund and PMG (the manager).
A system or standard of measurement, PMG uses to show the key statistics and performance of our funds.
A system or standard of measurement, PMG uses to show the key statistics and performance of our funds.
Ministry Of Education (MOE)
NABERSNZ is a system for rating the energy efficiency of office buildings. It is an independent tool, backed by the New Zealand government.
Net Lettable Area (NLA)
New Building Standard (NBS)
An offer of Units in a specific fund.
Portfolio Investment Entity (PIE) is an entity that invests the contributions from its investors in different types of passive investment.
The group of companies that has PMG Group Limited as the ultimate holding company.
The property of a fund (whether held directly or through a nominee or custodian), which is from time to time under the management of the manager and includes without limitation any investments.
PIE is an entity that invests the contributions from its investors in different types of passive investment.
Prescribed Investor Rate (PIR)
A fund set up with a group of private individuals with a specific investment strategy.
A fund set up with a group of private individuals with a specific investment strategy.
Sourcing a real estate for acquisition/buying into one of our funds.
A management agreement that is entered between a PMG entity, and any of the portfolio investments in which a fund has an investment interest.
The PMG entity named in a Property Management Agreement.
A property may be repositioned (which may include altering the physical appearance, attitude or operation) in the market to add value.
A property may be repositioned (which may include altering the physical appearance, attitude or operation) in the market to add value.
A public offer is when PMG presented to the market to raise a prescribed about of funds from investors, which will fund the acquisition of one or more properties into a PMG fund. Also called a capital raise.
A public offer is when PMG presented to the market to raise a prescribed about of funds from investors which will fund the acquisition of propert(ies) into a PMG Fund.
A person who is registered on the Financial Services Providers Register and is legally allowed to offer personalised financial advice.
Thanks to our extensive investor database we have an active secondary trade market where we match interested buyers and sellers of PMG shares and units.
Investors buy shares (or units) in a Fund. One share (or unit) in a fund might be worth $1 to purchase, as an example.
PMG uses these SPVs to purchase the property and generate short-term investor returns during the repositioning of the property by an experienced developer.
Statement of Investment Policies and Objectives (SIPO)
Returns that are regular.
The targeted annual return for a fund, before tax per annum on capital contributions over the life of an investment, compounded annually, after due allowance for any invested and returned capital. Targeted returns are stated solely for the purpose of providing insight into the current objectives of PMG’s wholesale products in August 2023, establishing a benchmark for future evaluation of the performance of PMG’s wholesale products.
Targeted returns are neither projections, nor guarantees, of future performance, and there is no assurance such targets will be met. PMG may not be successful in finding or executing on investment opportunities that deliver targeted returns.
A person or company who rents a property or a percentage of the property from the owner.
When a public offer is presented to the market to raise a prescribed about of funds from investors which will fund the acquisition of property(ies) into a PMG Fund. An underwrite refers to when part of the funds required are guaranteed by an entity or individual unless the funds come from the public.
A holder of Units in a fund.
Investors buy units (or shares) in a Fund. One unit (or share) in a fund might be worth $1 to purchase, as an example.
Investors buy units or shares in a Fund. One unit or share in a fund might be worth $1 to purchase, as an example.
Unlisted commercial property refers to several assets owned by a single trust like one of PMG’s funds, as opposed to listed property on the NZX.
According to the Financial Markets Conduct Act 2013 (FMCA), a wholesale investor is an individual or organisation with a strong understanding of financial products, their operation and the associated benefits and risks. To qualify as a wholesale investor in New Zealand, you must meet the following criteria:
To start investing with PMG, register your contact details via phone or email. Alternatively, make an enquiry via our contact form and we’ll have someone from our Investment Relationships Team meet you.
Watch PMG’s history video to learn more about our approach to commercial property investments, along with the five funds within the company. We encourage you to speak with a friend or family member who knows us, and we also recommend you chat with a Financial Advice Provider for specific advice to suit your unique situation.
Look through our current investment offers to find the right PMG fund to suit you. After downloading, carefully review the associated Product Disclosure Statement(s) for the offer(s) you’re interested in. Investing with us is straightforward – either apply online using our secure and confidential investor portal, via the printable form on each fund page, or reach out to your local PMG office to fill out the relevant paperwork.
Our lines of communication are always open. If you have any questions, reach out to your local PMG Investor Relationships Manager. Whether it’s a general catch up or discussion around the latest developments with your investment, we’re here to help.