Bayleys Funds and Investment Products - Previous Offers
St Georges Bay Road Property Trust
Offer Open date: 18 July 2018
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
The St Georges Bay Road offer provided the opportunity to invest in a brand new, 5 green star design rated, premium grade office complex, comprising of four levels of office accommodation and three ground floor retail premises, located in the sought-after central Auckland location of Parnell.
Constructed by one of New Zealand’s leading property developers, Mansons TCLM Limited, the property has long leases to well-known tenants, including Xero Limited, the anchor tenant, an ASX listed accounting software company with an initial lease term of 12 years and rights of renewal until 2042. Other major tenants, both with 10 year leases, which have made the property their new corporate headquarters are Harrison Grierson, a well regarded engineering consultancy, and Independent Liquor NZ Limited, a member of the multi-national Asahi Group Holdings Limited.
The offer comprised of 1,370 $50,000 units. The offer opened on 18th July 2018 with all units allocated quickly, some four weeks before the close date.
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