We have received significant interest in this Offer since it opened on 6 August 2019. Allocations have been filling faster than we expected. Due to this, from today the Offer is fully subscribed and closed ahead of schedule.
Thank you to all of you who have expressed interest and applied for shares in this Offer. Settlement of the acquisition properties is scheduled for 30 September 2019.
We have been overwhelmed by the demand in the Offer. The rate at which subscriptions for shares in Pacific Property was filled has been quite unprecedented.
While we are very grateful for the interest and business, we are also aware that many of our valued clients have missed out on this opportunity. In line with PMG’s strategy to provide investors with choice, we expect to be launching a new Offer in the near future.
Please get in touch with our PMG investor relations manager to find out more about the opportunity to participate in PMG’s existing funds and upcoming offers.
Thank you again for your interest in Pacific Property and involvement with PMG, we are truly grateful for your business.
A diversified property portfolio of high quality industrial, office and commercial properties geographically spread across New Zealand. Offering excellent occupancy, lease terms and a conservative loan to valuation ratio.
To target sound, well-located, generic industrial, office and retail properties across major metropolitan cities of New Zealand which offer sustainable returns.
To grow, over time, a diversified portfolio of quality industrial, office, and retail properties, that deliver sustainable cash distribution returns and growth in value over time.
*The projected cash distribution for the full financial year to 31 March 2021 of 7.35 cents per share at the issue price of $1.05 per share equates to a 7.00% gross distribution yield. The cash return is indicative only and is net of expenses and fees, but pre-tax. 20,000 Shares ($21,000) and parcels of 10,000 Shares ($10,500) thereafter. Assuming successful completion of the Offer and settlement of the acquisition properties.
Prospective investors are recommended to seek professional advice from an Authorised Financial Adviser who takes into account their personal circumstances. The PMG business development and sales team do not provide personalised advice; however, they will make available adviser disclosure statements and product disclosure statements on request and free of charge. No person may offer, invite any offers or distribute any documents (including a Product Disclosure Statement) to any person outside New Zealand without the approval of PMG.