SPI Capital: Syndication domination

Accepted wisdom is that property should be part of a diversified investment portfolio. Ways of investing in commercial property vary but syndication has gained a strong foothold among smaller investors.

While property syndication is not new, it had to survive the Waltus/Urbus debacle in the 1990s and more recently the asset grab of New Zealand commercial property by Australian institutional buyers fuelled by superannuation money.

The industry grew up during this period and there are now a number of well managed syndication companies throughout New Zealand offering smaller investors the opportunity to become the owners of good quality office, industrial or retail property without an enormous capital outlay. 

SPI Capital, established six years ago by three directors, with more than 50 years of combined property industry experience, is a successful manager of 13 syndicates for hundreds of investors, who own property worth more than $130 million across New Zealand. SPI Capital specialises in syndicating $5 - $20 million properties.