Subscribe today - find out more
Why you should consider BusinessDesk

Warehouse fund a hit with investors

Staff reporters
Fri, 13 Aug 2021

18 Cooper St, Havelock North, is part of a trio of logistics assets. (Image: Supplied)
18 Cooper St, Havelock North, is part of a trio of logistics assets. (Image: Supplied)
Staff reporters
Fri, 13 Aug 2021
Property syndicator Erskine and Owen says its NZ Warehousing & Logistics Property Fund is now 63.6% subscribed after being launched in May.The fully underwritten fund is offering 11 million units to wholesale investors, priced at $1 a unit, with a minimum buy in of $100,000.The Auckland-based manager has finalised the purchase of a multi-tenanted, 5,316 square metre warehouse at 146 Collins Road in Hamilton for just over $6 million, the first of a trio of warehousing and logistics buildings valued at a combined $17.1m. The rest of the...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus
Red light for Auckland, orange for South Island
Brent Melville | Mon, 29 Nov 2021

The government will move New Zealand to its traffic light framework from Friday with most of the country in either the red or orange levels.

Opinion
Taming the beast that's inflation
Cameron Bagrie | Mon, 29 Nov 2021

The RBNZ’s job is not going to be easy over the coming years. There are myriad forces at play and reading the tea leaves will be tough.  

Tourism
The cost of slow border openings to tourism: $39b by 2024
Brent Melville | Mon, 29 Nov 2021

The impact on New Zealand's tourism sector will continue to be felt until the country removes its border quarantine system, tourism operators say.

Sponsored
Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.

Sponsored
SIXT drives the company car upmarket

SIXT is enhancing its adaptable car subscription service with SIXT Business, catering for businesses wanting premium vehicle fleets.