PLP - Valuation Updates

In its role as Manager of the Private Land and Property Portfolio (the wholesale fund into which the PLP invests), Booster Investment Management Limited (Booster) regularly considers the appropriateness of the valuation of the properties within the portfolio and obtains independent valuations to support its considerations.
Based on the most current information available, the Manager has updated the valuation of several properties within the portfolio which has resulted in a net reduction of $5.8 million. This represents a 2.7% decrease in the net asset value of PLP, decreasing the most recent net asset value (the unit price at which units are issued by the manager) from $1.323 per unit to $1.288 per unit. These adjustments will be reflected in the 27 August 2025 unit price, which will be issued on 29 August 2025.
For further details of each of the adjustments made, refer to the attached announcement.

For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300


About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of the Booster Group which has been helping New Zealanders save since 1998. The group currently administers superannuation and investment funds of over $7 billion on behalf of more than 200,000 New Zealanders.
PLP is a managed investment fund that invests in land and property-based investments by investing in units in Booster’s Private Land and Property Portfolio. PLP only holds these units.
For more information, including a copy of the Product Disclosure Statement and the latest net asset value per unit, please visit www.booster.co.nz

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Announcement PDF