Money@Work
What is it called and what sort of savings product is it?
Arran Court is a proportionate ownership property investment.
Who is the company behind it?
Investors buy, through this scheme, a portion of the real estate being used for a rest home in Te Atatu. There are 80 freehold equity parcels in total. The offer is being promoted by real estate firm Colliers and the actual land which investors buy is being leased to Radius Asset Management which manages aged care assets worth more than $53 million.
Who is the target market?
The growth in syndicates and proportionate ownership schemes like this tend to appeal to conservative investors who are disillusioned with term deposits at the moment.
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