The Property Managers Group's latest fund, PMG Capital, has closed fully subscribed, two weeks ahead of the planned close date.
It expects another current capital raise, for its PMG Direct Childcare Fund, will be fully subscribed by the close date.
The PMG Childcare Fund offer provides our investors with exposure to a unique and growing area of the commercial property investment sector. The PMG Childcare Fund was launched off the back of requests from investors wanting to support and provide access to quality early childcare education for young New Zealanders from all backgrounds.
The PMG Childcare Fund strategy is to establish and grow a quality portfolio of new-build early childcare education (ECE) properties in key strategic locations, based on analysis of demographic data, across major New Zealand metropolitan centres.
PMG Direct Childcare Fund is raising funds for the development of two new childcare properties to be built in Hamilton and in Pukekohe, Auckland which will join the three other centres in the Fund in Christchurch, Nelson and Silverdale, Auckland. To apply for units under the offer an application form must be completed and received no later than 5:00pm on 31 October 2018.
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