tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, March 19th, 10:57AM

News

rss
Latest Headlines

Transforming commercial investment

Many investors are switching from residential to commercial property and now a new platform aims to makes access to the sector easier.

Tuesday, June 18th 2019, 10:24AM 3 Comments

by The Landlord

A New Zealand company has launched a new venture called Jasper which they believe will reinvent the global commercial real estate investment environment.

Co-founder Mark Hurley says he wants to enhance investment potential in commercial property as it’s an extremely desirable asset for wealth generation and preservation.

Yet most investors lack efficient access to the asset class as it has a notoriously difficult entry barrier and has also had little in the way of innovation through technology, he says.

“Through a tech-enabled marketplace we’re going to give more people the opportunity to invest in these assets while offering lower minimums, lower fees, greater transparency and increased liquidity compared to analogue incumbents.”

Hurley, who is a serial entrepreneur, says the Jasper platform offers a new and better way to invest in commercial property.

“Investors will be able to buy fractional portions of commercial properties online, receive regular dividends from the property’s rental income deposited directly into their bank account, and then sell their shares through Jasper’s online secondary market as they desire.”

To date, NZD$1.025 million of capital has been raised, with the decision to seek external funding motivated by the aim of getting strategically aligned investors on board to help execute the concept.

The capital will be invested in developing the technology, sourcing a pipeline of investment opportunities, hiring key team members and securing regulatory licensing here and in Australia.

Jasper director Craig Donaldson, who is also the global CEO of Kea, says they believe the platform will change the way people invest.

“While commercial property is a huge opportunity, it’s potentially just a jumping off point into something much bigger. We see a future where everyone can invest in high-quality alternative assets from across the globe using simply their smartphone or similar device.”

Jasper will launch in New Zealand and Australia later this year, followed by Asia-Pacific and then Europe. Read more about it here

 

Tags: commercial property investment property investment property syndicate

« Changing world, changing property marketConfidence in commercial running high »

Special Offers

Comments from our readers

On 18 June 2019 at 11:15 am arfans said:
It's a very clever idea. However, in the matter of transparency does it mean that investors name will be inserted in records of the property specifying the share? If not, I think it should be considered because through records in the title it will be easier for shareholders to access loan. Just a thought.

Thanks
On 18 June 2019 at 11:18 am arfans said:
It's a very clever idea. However, in the matter of transparency does it mean that investors name will be inserted in records of the property specifying the share? If not, I think it should be considered because through records in the title it will be easier for shareholders to access loan. Just a thought.

Thanks

Arif Ansari
On 20 June 2019 at 8:34 pm Artyo said:
Don't we already have this type of investment vehicle but with some investor protection in the form of NZX disclosure rules and a very liquid market? Surely it would be better to invest in one of the listed property trusts/companies?

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.79 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.79 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 ▼6.79 ▼6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 ▼7.29 ▼7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 ▼6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 ▼7.39 ▼7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.30 7.89 7.69
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.30 8.89 8.69
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 ▼6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 7.15 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.29 7.32 6.65

Last updated: 14 March 2024 9:32am

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