A portfolio of quality office properties in NZ's main metropolitan areas, offering excellent capital growth potential.
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PMG’s Direct Office Fund consists of a portfolio of office properties across New Zealand’s main metropolitan areas. These properties offer excellent capital growth potential, utilising proactive management with a focus on refurbishment and leasing.
Read PMG Direct Office Fund's qualitative fund research by Research IP here.
Read PMG Direct Office Fund's Informational Flyer (correct at 01/07/2020) here.
To target sound and well-positioned office properties in main metropolitan areas across New Zealand, which provide the opportunity to add value through leasing vacant space and proactive asset management.
To grow, over time, a portfolio of office properties and deliver sustainable cash distribution returns along with growth in value to investors.
The Vodafone Innvo8 property is in Christchurch Central City. It is close to transportation hubs, the Christchurch Stadium and a new residential development precinct.
Completed in 2016, it is a state-of-the-art A-grade commercial office and retail building has a 5 Green Star Office Design rating, consists of five levels and has a nett lettable area of 8,941sqm. The Fund leases 90 car and 60 bike parks on Lichfield Street, located north-west of the building.
The building is fully leased to Vodafone New Zealand Limited.
The property is in the Auckland fringe city suburb of Penrose. The area benefits from its close access to the motorway and is walking distance to the Penrose train station and local recreational amenities.
Built in 1997, the four-level commercial office was constructed by Fletchers to accommodate their forestry division. The building is well-lit, with glass balustrades facing an atrium and has nett lettable area of 3,149sqm. The building includes 145 car parks on the ground floor.
Alongside key tenant SGS New Zealand, Managed Hosted Applications, Matrix Security Group, Ipsos among others occupy the building.
The mixed-use commercial property is in the suburb of Ellerslie, Auckland. Located two minutes’ walk to the Ellerslie train station, the corner site borders the Southern Motorway and utilises pedestrian traffic.
It was renovated in the mid-2000s to accommodate ground floor retail and food tenancies to complement the office spaces on the second level. With a nett lettable of 2,504sqm, it includes 27 car parks.
The key tenant is Animates, as they run their head office for this location.
The property is in the heart of Newmarket in Auckland. It is only a short distance from Broadway and Khyber Pass Road and is in a well-located inner-city location.
Built in 1970, the recently refurbished eight-level building predominantly provides office space suited for small to medium-sized businesses and has a nett lettable area of 4,286sqm. Along with two ground floor retail tenancies, the building has 29 car parks.
PMG occupies one of the tenancies, along with NZ Family Planning Association and Summerset Management Group. JCDecaux also leases the north-facing billboard.
The property is in the popular southern corridor area of Ellerslie in Auckland, with the train station only approximately 100 metres away.
Built in 2003, the four-level commercial office building has a nett lettable area of 4,588sqm. The property has access to a total of 159 car parks, primarily located underground.
The two Government tenants (Ministry of Justice and Ministry of Social Development) contribute over 80% of the property’s total rental income.
The Kiwibank Centre building is located on a prominent corner site on Victoria and Alma Streets in Hamilton and is close to central amenities and is next door to the Novotel Hotel.
Built in 1983, the four-level building has retail space on the ground floor and three levels of office space, with a nett lettable area of 1,912sqm. At 12 Alma Street, there is a 32-car park stacker (known as The Stack) on a 255 sqm site.
Alongside key tenant Kiwibank is the Department of Internal Affairs.
The property is located on Durham Street, in Tauranga’s central business district. The street recently upgrades regarding landscaping, pedestrian facilities, and the development of modern office buildings, including construction of the University of Waikato campus. It is walking distance to central city amenities and sits next door to PMG’s 127 Durham Street property.
Built in the 1980s, the three-level commercial office building has been recently renovated to include high-level upgrades throughout, and has a nett lettable area of 2,229sqm.
PMG occupies one of the tenancies on Level 1, with other notable tenants including Fire and Emergency New Zealand, The Property Group and Vision Consulting.
Vacant office space is currently available.
The property is located on Durham Street, in Tauranga’s central business district. The street recently upgrades regarding landscaping, pedestrian facilities, and the development of modern office buildings, including the construction of the University of Waikato campus. It is walking distance to central city amenities and sits next door to PMG’s 143 Durham Street property.
The two-level office building has been fit-out for the University of, with a nett lettable area of 1,007 sqm.
The building is 100% leased to the university, with a current lease to 2029.
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