Bayleys Funds and Investment Products - Previous Offers
Mercury's New Headquarters, 33 Broadway, Newmarket, Auckland
Offer Open date: 12 April 2017
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
This offer provided the opportunity to invest in the development of a brand new, premium 5 green star office complex located on a prime corner site at 33 Broadway in the well regarded suburb of Newmarket, Auckland.
The building is now complete and features the new headquarters of one of New Zealand's largest and most well-known companies, Mercury NZ Limited. Mercury is listed on both the NZX Main Board and ASX and majority owned by the New Zealand Government. Mercury currently leases approximately 60% of this state of the art complex on a 12 year lease (from completion of the development) with two rights of renewal of six years each. The other major office tenant is Tegel Food Limited, the main operating subsidiary of NZX listed Tegel Group Holdings Limited, New Zealand's market-leading poultry producer.
The forecast pre-tax return was 7%pa for the first three financial periods. The number of enquiries received from potential investors, along with the number of investors was the greatest to date.
Details of how the return is calculated and the risks associated with the investment are set out in the original Product Disclosure Statement
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The content of this website is general in nature – it is not intended to be financial advice and should not be relied on when making your investment decisions.
Before deciding whether to invest in any financial products available through Bayleys Real Estate Limited, you should obtain independent financial advice that takes account of your personal financial goals and circumstances.
Bayleys Real Estate Limited cannot provide you with any such independent financial advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available here. No person including Bayleys Real Estate, our Financial Advisers (selling agents), or the manager of the scheme, guarantees or promises any return to investors.
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