As 2023 draws to a close, we at PMG reflect on a year that has been both challenging and rewarding. While this year delivered its fair share of challenges, we also enjoyed some great successes, and we’d like to take a moment to acknowledge and celebrate these as we look ahead to 2024.
Navigating economic shifts
The global economic climate has seen a recalibration of asset values, including commercial properties. This adjustment presented significant challenges for our sector, but also strategic opportunities for astute investors looking for growth in value over the longer term.
Despite some softening in values, our focus remains unwavering into 2024: to provide quality spaces for tenants and sustainable returns for our investors, underpinned by a vision of long-term value growth.
Diversification is key
Throughout this year, diversification has become an important strategic tactic to help us navigate continuous uncertainties. PMG’s funds, diversified by property type, tenant and location, have enabled us to continue offering robust investment vehicles that can weather multiple economic cycles.
This approach, along with hands-on strategic management, has enabled us to delay the impact of rising interest costs, and continue delivering monthly cash returns to our investors.
A forward-looking strategy
Our 30-year legacy is built on the expertise of our team and our deep commitment to our investors' financial futures. By investing in commercial properties and supporting our tenants, we contribute to the broader New Zealand economy while strengthening our funds.
As we step into 2024, we feel well-prepared for a productive year ahead, buoyed by the lessons learned and the opportunities that the new year, and hopefully new economic tides, may present.
Thanks to the PMG team and the ongoing support from our valued investors, tenants, contractors and suppliers.
Watch the below video for a quick snippet of PMG’s highlights from 2023:
PMG's offices will be closed from Friday, 22 December 2023, and will re-open on Monday, 8 January 2024.
Bethlehem Town Centre's office hours are 9am-5pm (excluding public holidays).
For any urgent tenant maintenance issues, please phone 0800 765 349. For all other enquiries, please phone either 07 578 3494 or 09 283 0222.
Disclaimer: The information in this blog is of a general nature and was current on 21 December 2023. It is not intended to be regulated financial advice for the purpose of the Financial Markets Conduct Act 2013 and does not take your individual circumstances and financial situation into account. PMG does not provide financial advice. Please seek advice from a licenced financial advice provider before making any investment decisions.
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.
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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.