You are now leaving Centuria New Zealand
and entering Centuria Australia.
Each lease is a “triple net lease”. A triple net lease means that Centuria NZ Healthcare, as the landlord, is insulated from all liability in relation to the initial properties to the maximum extent permitted by law. For example, any costs of capital expenditure, repair, maintenance and other works whether structural or otherwise are not Centuria NZ Healthcare’s responsibility. Each lease stipulates the tenant is responsible and has the same liabilities in regards to the premises as if the tenant was the “owner”. This is widely considered the most landlord friendly form of lease.
1Assuming a 3.5% diminishing value depreciation rate, based on land valuations and purchase price allocation reports received by Centuria NZ Healthcare to date, and assuming that Centuria NZ Healthcare does not sell any properties during the financial periods ending 31 March 2023 and 31 March 2024. Taxable depreciation recovery income may arise on any future sale of a property which may result in tax payable at that point in time.
2 5 % p.a. forecast pre tax and after tax cash distribution for the financial periods ending 31 March 2023 and 31 March 2024. Details of how the forecast pre tax cash distribution is calculated and the risks associated with this investment can be found in the Product Disclosure Statement. Forecast after tax distributions only take into account New Zealand income tax. The pre tax and after tax cash distributions are not guaranteed and may change in the future.
3 Valuation as at 22 December 2021.
4 Assets under management as at 31 December 2021. Includes assets contracted to be settled, cash and other assets.
Centuria NZ Healthcare Property Fund Limited is the issuer of the shares to be issued under the offer to which this advertisement relates. A Product Disclosure Statement for the offer, which sets out the terms and conditions of the offer, is available, and can be obtained by contacting the Bayleys Real Estate agents listed in this advertisement. Nothing in this advertisement constitutes an invitation to subscribe for, or an offer of shares, securities or financial products to any person, in any country, in which it would be unlawful to do so. Terms used in this advertisement have the same meaning as defined in the Product Disclosure Statement, unless the context suggests otherwise. Before deciding whether to invest, you should obtain independent financial advice that takes account of your personal financial goals and circumstances. Bayleys Real Estate Limited cannot provide you with any such independent financial advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available at syndications.co.nz.