The Fund is targeting a 13% annualised pre-tax return¹.

The Fund will acquire 43 College Hill, a prime location in Central Auckland, execute a value-add refurbishment strategy to convert the well suited existing building to a sought after premium storage facility and then sell the property.

The Fund’s strategy is to refurbish and sell the property within two years upon which investors will receive the net assets realised². This is a total return opportunity with distributions only received by investors once the property is successfully sold.

A 2 year term Auckland property fund with a minimum investment of $100,000, targeting a 13% annualised pre-tax return¹.

The Fund will acquire 43 College Hill, a prime location in Central Auckland, execute a value-add refurbishment strategy to convert the well suited existing building to a sought after premium storage facility and then sell the property.

The Fund’s strategy is to refurbish and sell the property within two years upon which investors will receive the net assets realised². This is a total return opportunity with distributions only received by investors once the property is successfully sold.

The offer

1. No distributions will be received by investors prior to the sale of the property, following which the net assets realised will be distributed to investors. The Fund’s objective is to return investor’s capital invested plus the target annualised pre-tax return on that invested capital. Returns are not guaranteed. Actual returns may vary. The target annualised pre-tax return is presented on an after fees basis. Financial information to assist investors in understanding how the target annualised pre-tax return is calculated (including the key assumptions upon which it is based), and the risks associated with the investment are set out in the Investment Memorandum.

2. For every $100,000 invested, the Fund is targeting net assets realised of approximately $126,000 (which includes the original $100,000 invested), representing a 13% annualised pre-tax return over a two year investment period (see footnote 1 above). Net assets realised represents the proceeds received from the sale of the property less any sale adjustments or deductions, disposal costs incurred, repayment of all debt, settlement of any outstanding liabilities and any costs associated with liquidating the Fund.

3. The term of the Fund may be extended if approved by an Ordinary Resolution.

4. Past performance of other funds managed by the Manager is not indicative of the performance of the Fund.

5. Assets under management as at 30 June 2023. Includes assets contracted to be settled, cash and other assets.

The above images are artist’s impressions

About Centuria

Centuria NZ is an established and experienced fund manager with significant property market and development expertise

Centuria NZ manages approximately $2.6 billion of assets with a strong track record. It is a part of the ASX200 listed Centuria Capital Group (one of Australasia’s largest property fund managers) which has over $20 billion of assets under management across Australia and New Zealand.⁵ For more information click here to visit the Centuria NZ Homepage.

Value-Add Fund No.1

Value-Add Fund No.1 offered by Augusta (now known as Centuria NZ) in 2016 performed well with investors receiving an IRR of 11.73% over the fund’s three-year term.⁴ Centuria NZ has extensive value-add and development experience, having completed approximately $170 million of development projects in the past two years through its in-house development management team.

Who is a wholesale investor?

A person or entity will be a wholesale investor if they:

1. Certify that they are an ‘eligible investor’, having sufficient investment experience to effectively assess the merits of the offer, including the risks. This must be confirmed by a financial adviser, accountant or lawyer; or
2. Invest at least $750,000 in the offer; or
3. Own an investment portfolio of at least $1 million or participated in investment transactions of at least $1 million in the past two years; or
4. Controlled net assets in excess of $5 million or had turnover in excess of $5 million for the past two financial years; or
5. Are an investment business or financial adviser or have been employed or engaged in an investment business within the last 10 years and participated to a material extent in investment decisions.

Please click here to download more information or to discuss the above please contact the selling agents.

The offer of units in Centuria NZ Value-Add Fund No.2 LP (the Fund) is only being made to persons who are ‘wholesale investors’ within the meaning of clause 3 of schedule 1 of the Financial Markets Conduct Act 2013. You should undertake your own independent review, investigation and analysis of the offer and obtain any taxation, legal, financial or other professional advice in relation to the offer as appropriate in your circumstances. The selling agents are not providing personalised advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available at syndications.co.nz. This communication is not a Product Disclosure Statement, nor will any Product Disclosure Statement be prepared for the offer as it is only made to wholesale investors. The Fund will have a two year term, unless extended by investors in the Fund, within which the Fund will aim to sell the property. Distributions will only be received by investors once the property is successfully sold, following which the net assets realised will be distributed to investors. The Fund’s objective is to return investor’s capital invested plus the target annualised pre-tax return on that invested capital. Returns are not guaranteed. Actual returns may vary. The target annualised pre-tax return is presented on an after fees basis. Financial information to assist investors in understanding how the target annualised pre-tax return is calculated (including the key assumptions upon which it is based), and the risks associated with the investment are set out in the Investment Memorandum.