Aged Care portfolio

Four properties providing long-term stabilised income with 30-year (from 30 March 2022) Triple Net Leases with fixed rental growth in Blenheim, New Plymouth and two in Christchurch.

• George Manning, 1 Hennessy Place, Spreydon, Christchurch
• 16 Anvers Place, Hoon Hay, Christchurch
• Maxwell Lifecare, 124 Maxwell Road, Blenheim
• Riverside Lifecare, 361 Mangorei Road, New Plymouth

All properties benefit from sought after “Triple Net Leases” to Heritage Lifecare with remaining lease terms of approximately 28.7 years and rights of renewal totalling a further 60 years, taking the final expiry through to March 2112.

The properties are Aged Care facilities with dementia care also provided at the Maxwell Lifecare and Hoon Hay properties. Heritage Lifecare is one of NZ’s leading and largest Aged Care focused operators, led by a highly credentialed management team.