PMG Funds is excited to announce our first retail investment offer for 2023, inviting investment in the PMG Direct Office Fund.
Established in 2016, the Fund comprises four high-quality office premises located in Auckland, Hamilton and Christchurch. These include the flagship 152 Fanshawe Street property opposite Auckland’s Victoria Park and a 5 Green Star Office Design-rated building at 213 Tuam Street in Christchurch. Within these four buildings, 18 diversified individual tenancies add to a robust and resilient portfolio.
PMG Funds’ General Manager Investor Relationships, Matt McHardy, says the portfolio has been well-positioned to meet elevated tenant demand as employers recognise the importance of the office environment to enhance culture and retain talent.
“We have seen an acceleration in the ‘flight to quality’ phenomenon for the sector as employers are seeking properties that amplify their businesses while enabling increased collaboration and supporting employee wellbeing. This is reflected in increased occupancy and rent for prime space across our main centres through the first half of 2023. Tenant expectations in terms of location, sustainability, end-of-trip facilities and flexible fit-outs will continue to evolve, therefore we’re inviting further investment in the Fund to ensure we are well-positioned to meet this demand.”
The purpose of the offer is to reduce debt, increase cash on hand, and position the Fund to take advantage of acquisition opportunities as they emerge without compromising PMG’s well-honed investment principles.
“While we’re still some way from turning the corner economically, we believe we're at a potential low point in the market, and that the intersection of softened property values and enduring tenant demand provide a unique opportunity for investors with a long-term view to gain or increase their exposure to a proven asset class,” says Matt.
The current downward pressure on property valuations means that participation in the Fund is available at the lowest point since inception at $0.95 per unit, with a projected gross cash return of 6.16% p.a.* paid monthly.
Potential investors can learn more about PMG Funds and the offer, as well as download the Product Disclosure Statement with full terms and conditions on our Invest page here.
With a range of investment funds to suit New Zealanders of all ages and stages, it's easier than you may think to invest. Give one of our knowledgeable pmg Investor Relationships Managers a call for a no-obligation chat, or visit our FAQ page.
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.
