About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, February 20th, 11:27AM
rss
Latest Headlines

Proportionate ownership popular

Oyster Group’s latest property syndication has closed early, oversubscribed.

Wednesday, February 4th 2015, 12:00AM

by The Landlord

The proportionate ownership scheme of Cardinal Logistics’ warehouse building on Westney Rd, Mangere, was the third scheme offered by Oyster last year.

It was offered with a likely termination date, which means investors may be liable for capital gains tax on the property.

The property will be sold after five years unless the investors vote against that.

It had projected cash returns of 8.1% pre-tax per annum, paid monthly.

The minimum investment was $50,000 – previous Oyster syndications required investors to have at least $100,000.

Cardinal Logistics’ lease is new and runs for 15 years, with three further five-year rights of renewal.

Oyster Group chief executive Mark Schiele said the combination of elements which attracted investors and resulted in the successful subscription included the location, length of lease, projected returns and built in rental growth.

“Oyster’s first syndication for this year, of the $27 million ANZ Business Centre at 9 Corinthian Drive in Albany, is also drawing significant interest from savvy investors. There are only 312 interests of $50,000 each available, offering pre-tax cash returns of 8.25%, paid monthly.”

He said proportionate ownership of commercial property was attractive for groups of individuals looking to invest in assets of significant value and scale without the hassle of day-to-day management. Oyster now manages more than $700 million in property throughout New Zealand.

« KPG buys shopping centreGST rules clarified for bodies corporate »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • A number of buyers interested in AMP
    “@janet roberts: i think it is more of an "old boys' club" rather than white men. and this "old boys' club" also go against...”
    2 hours ago by w k
  • A number of buyers interested in AMP
    “@pragmatic: #2 hits the nail in the head. Unfortunately, there are many who hire do the exact opposite because they feel...”
    2 hours ago by w k
  • The cost of running a one-person FAP revealed
    “It would be interesting to see the composition of the $10,000 cost for a 1-3 member FAP; also the $15-18,000 cost of a larger...”
    5 hours ago by Murray Weatherston
  • A number of buyers interested in AMP
    “Janet R You make a couple of good points but not sure what white men is to do with this - agree though that AMP NZ is a...”
    5 hours ago by takapuna lad
  • The cost of running a one-person FAP revealed
    “@globug your association would be able to assist you there. The comment section is far from an ideal platform for an appropriate...”
    12 hours ago by John Milner
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 3.95 4.15 4.49
ANZ Special - 3.45 3.65 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
Bluestone 4.44 4.44 4.29 4.34
BNZ - Classic - 3.49 3.55 3.89
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
Lender Flt 1yr 2yr 3yr
China Construction Bank Special - 3.19 3.19 3.19
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.65 4.80 -
HSBC Premier 5.24 3.54 ▼3.20 3.69
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.97 4.05 4.39
Kiwibank 5.15 4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Lender Flt 1yr 2yr 3yr
Pepper Money Near Prime 5.64 - 5.44 5.44
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.45 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.39 3.55 3.89
Sovereign 5.30 3.89 4.05 4.39
Sovereign Special - 3.39 3.55 3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
Lender Flt 1yr 2yr 3yr
TSB Bank 6.09 4.19 4.35 4.69
TSB Special 5.29 3.39 3.55 3.89
Wairarapa Building Society 5.50 3.95 4.05 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.55 3.99
Median 5.34 3.96 4.09 4.39

Last updated: 14 February 2020 10:02am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com