Established in 2014, Pacific Property Fund is PMG’s
largest directly held commercial property fund. The
Fund includes a number of high-quality properties in
the industrial property sector, which has demonstrated
continued growth and resilience.
*Data as at 31 December 2024. Past performance is not an indicator of future results
$447m
Total portfolio value
99%
Portfolio occupancy
38%
Loan-to-value ratio (Debt/Property value)
23
Properties
63
Tenants
6.6 yrs
Weighted average lease term (WALT)
To target sound and well-located industrial, office and retail properties across major metropolitan and regional centres of New Zealand, that offer sustainable returns.
To develop a resilient, diversified portfolio of quality industrial, office and retail properties across New Zealand with robustness of scale that can deliver
sustainable cash distribution returns and growth in value over time.
Strategically positioned in the heart of Christchurch, 105 & 123 Victoria Street is a high-spec office asset. Its central location provides excellent connectivity and accessibility within the city’s commercial precinct, making it an attractive choice for businesses
Located in the heart of Palmerston North’s industrial corridor, 31 El Prado Drive is a high-quality industrial facility leased to PTS Logistics. With a freehold tenure and excellent connectivity to key distribution routes, the property plays a pivotal role in regional logistics and supply chain operations.
The warehouse includes a large, covered drive-through canopy with four roller doors to provide access to the main warehouse for loading. It has a compact office to accommodate approximately 60 people.
The original Ford Motor Company industrial property is located in Lower Hutt, just 20 minutes from the Wellington CBD.
Built in 1937, the property was converted to house multiple mixed-use tenancies after Ford vacated in 1988. The existing heritage-listed facade remains an iconic part of the building and the property has also undergone major structural strengthening work in recent years.
The title includes 118 Hutt Park Road – a modern warehouse and office facility built in 2015, which spans 1,200 sqm and is leased to United Industries.
A strategic large-format retail asset in Christchurch, 390 Prestons Road is jointly owned by Pacific Property Fund Limited (40%) and 390 Prestons Road LP (60%). Currently under development with an expected completion date of late 2025, this freehold property is positioned for long-term value, with Mitre 10 New Zealand fully leasing the property on a 20-year lease.
A high-quality industrial asset located in Christchurch’s well-established industrial zone, 25 Link Drive/Hannover Place provides a strong investment opportunity with a diversified tenant mix. The property consists of five industrial buildings.
A significant industrial site in Auckland, 1, 3 & 7 Inlet Road is jointly owned by Pacific Property Fund Limited (60%) and Inlet Road LP (40%). With redevelopment plans underway, this freehold property presents strong leasing and investment potential.
Strategically located in Wellington’s thriving industrial hub, 120 Hutt Park Road is a high-quality industrial asset offering excellent access to major transport routes. This freehold property is a key part of the Pacific Property Fund Limited portfolio, reflecting our commitment to strong-performing industrial assets with long-term growth potential.
With a market cap rate of 6.5% and an occupancy rate of 100%, 120 Hutt Park Road presents a robust investment opportunity in the Wellington industrial market.
70 Gloucester Street is a six-level modern office property located on the western side of the Avon River, within the core business area of the CBD.
Constructed in 2014, the upper floors consist solely of office tenancies, with amenities on the first floor, and a lobby on the ground floor.
Positioned within Hamilton’s industrial zone, 33 Vickery Street is a key asset in the Pacific Property Fund Limited portfolio. With an 11.4-year WALT, the property provides long-term stability and strong rental income.
Located in the developing Northgate Business Park in Hamilton’s Te Rapa industrial sector, 400 Arthur Porter Drive is a strategically positioned asset within Pacific Property Fund Limited’s portfolio.
Completed in 2019, the property consists of a large warehouse and canopy, along with ground and first-floor offices.
Situated in the large-scale retail and semi-rural suburb of Te Rapa, 4 Ruffell Road is a key asset within Pacific Property Fund Limited’s portfolio.
This strategically positioned industrial property offers seamless connectivity and excellent access to major transport routes, making it an ideal location for logistics and manufacturing businesses.
Strategically positioned in the industrial precinct of Tauranga, 697L Truman Lane is a high-quality leasehold industrial property. Constructed in 2014, it includes a two-level modern office block, high-stud warehouse, bulk store and a detached warehouse constructed in 2017.
Its sought-after location offers excellent connectivity and accessibility, supporting efficient logistics and business operations.
Situated in the heart of Whangārei’s commercial district, 8 Robert Street is a modernised large-format retail asset. With Farmers as its anchor tenant, this high-profile property benefits from strong customer foot traffic and a strategic location.
The property includes a high-stud warehouse and a two-level office building located in the industrial area of Wiri. It has a net lettable area is 4,490 sqm.
Key tenants include Beak and Johnston NZ Pty Limited, and Highway 1.
Positioned within Auckland’s industrial corridor, 102 Langley Road is a strategically located freehold industrial asset offering strong tenant covenants and long-term stability.
With Pacific Property Fund Limited’s strategic investment approach, 102 Langley Road is positioned to deliver sustainable returns and capital growth.
The property is a three-level commercial office building in the Henderson commercial and retail area of Waitakere City. It has a net lettable area of 3,146 sqm.
The key tenants are Grinding Gear Games Limited and the Ministry of Justice.
Sustainability features: NABERSNZ 4.5 Star, waste management
Located in Tauranga’s city centre, 46 Spring Street is a well-positioned commercial and retail property that includes ground-floor retail tenancies and office tenancies on the first and second floors.
This freehold asset offers strong long-term value and growth potential, situated within 20 minutes from the Tauranga airport, major shopping centres and the port.
Positioned in the industrial heart of Whangārei, this property is a purpose-built modern commercial/industrial facility.
The rear portion of the main building houses a specialist truck and bus inspection area with offices and amenities.
Included with the purchase of this property is a 7,722 sqm site of vacant industrial land at 12 Te Waiiti Place.
Given the scarcity of industrial land for development in the area, future development is likely.
Situated in a prime industrial zone, 410 Eastern Hutt Road is a high-quality property offering exceptional access to Wellington’s key logistics and business infrastructure. This industrial asset provides tenants with an optimal operational base in a high-demand location.
Located in the modern Tauriko Industrial Estate, 8 Paerangi Place presents a high-quality leasing opportunity for businesses seeking a well-located industrial space.
The property includes a warehouse, factory, two levels of offices and amenities and represents a key growth opportunity in the industrial sector.
21 Rewa Rewa Road is a valuable industrial asset located in Whangārei’s established commercial zone. Having recently undergone significant renovations, the property includes a substantial office and amenities area, a drive-through workshop and a large showroom.
The single-level industrial property is located in Hornby – a well-established industrial zone in Christchurch. Built in 1995, the property benefits from excellent transport connectivity and includes a clear-span warehouse space that underwent an extension in 2003 to the large, enclosed canopy.
The property is located in the premium Northgate Business Park industrial precinct with close access to State Highway 1 and Hamilton’s CBD.
Constructed in 2014, the modern industrial property has two storage warehouses, a loading bay and office space, with a net lettable area of 9,387 sqm. It includes 13 car parks.
The property is solely leased to Normans Transport Limited, a well-established New Zealand owned and operated family business that supplies transport and storage solutions.
Situated in a key industrial area of Christchurch, 3 Distribution Lane is a strategically positioned logistics facility under Pacific Property Fund Limited. The property is in the popular southwestern industrial business suburb of Sockburn, approximately 8km away from the Christchurch CBD.
It comprises a workshop with a two-storey office and amenity block, a workshop extension and a recently finished clear span, high-stud warehouse.
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.
