Centuria NZ Healthcare Property Fund Limited

A limited number of shares are available in Centuria NZ Healthcare Property Fund Limited (currently held by Centuria Platform Investments Pty Limited).

These shares are currently available at 80 cents per share (original issue price $1 per share) which results in an after-tax* forecast cash distribution of 6.25% p.a.** for the financial period ending 31 March 2024.

Centuria NZ Healthcare Property Fund Limited (the Fund) was established in February 2022 to provide investors with exposure to the sought-after healthcare property sector. The Fund acquired a portfolio of 23 aged care properties across New Zealand leased to a single tenant, Heritage Lifecare, one of New Zealand’s leading and largest aged care operators, in a sector that continues to see strong and increasing demand with New Zealand’s rapidly aging population.

Key features

  • A long term, stable and growing income stream is provided with long term leases on all 23 properties. 28.7 years is remaining on all initial lease terms and rights of renewal provide a final expiry in the year 2112.
  • Annual rental growth linked to CPI is built in (increasing the rental for the next 28 years), offsetting inflation pressure (minimum 1% and maximum 4%).
  • The tenant is responsible for all repairs, maintenance and capital expenditure through a triple net lease structure.

Video

As background information for potential investors, see below the original video released by Centuria NZ Healthcare Property Fund Limited when the shares were first offered. That information is no longer current and should be considered together with the brochure above that contains up to date information about this opportunity.

Selling agents

Please contact the Bayleys selling agents below to request further information, purchase shares, or should you have any questions on Centuria NZ Healthcare Property Fund Limited or the shares offered for sale.

Mike Houlker
P 09 375 8437
M 021 945 927
mike.houlker@bayleys.co.nz

Samara Phillips
P 09 375 8490
M 021 027 61373
samara.phillips@bayleys.co.nz

Sarah Prebble
P 09 375 6825
M 027 635 3521
sarah.prebble@bayleys.co.nz

BAYLEYS REAL ESTATE LTD, AUCKLAND CENTRAL, LICENSED UNDER THE REA ACT 2008

*Assuming (i) a tax depreciation benefit based on land valuations and purchase price allocation reports received by Centuria NZ Healthcare for the Initial Properties, (ii) that Centuria NZ Healthcare does not sell or acquire any properties during the financial period ending 31 March 2024 and (iii) no change in relevant tax laws. Taxable depreciation recovery income may arise on any future sale of a property which may result in tax payable at that point in time. Taxable loan forgiveness income may arise if specified events occur in the future and part of the underwriting loan provided by Centuria Platform Investments Pty Limited is forgiven.

**Details of how the forecast 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.

Centuria Platform Investments Pty Limited acquired shares in Centuria NZ Healthcare Property Fund Limited pursuant to an offer that has now closed. This communication relates to the on-sale of those shares by Centuria Platform Investments Pty Limited and does not constitute an offer of shares by Centuria NZ Healthcare Property Fund Limited. Nothing in this communication constitutes an offer of shares, securities or financial products to any person, in any country, in which it would be unlawful to do so. To assist in your consideration of the offer, Centuria Platform Investments Pty Limited will make available certain background information for potential investors that was released by Centuria NZ Healthcare Property Fund Limited when the shares were first offered, including the Product Disclosure Statement and video. That information is no longer current and should be read together with the information supplied to you in connection with this opportunity.  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.

You are now leaving Centuria New Zealand
and entering Centuria Australia.

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