Centuria Shands Road Property Trust
146-166 Shands Road is located on the prominent corner of Shands Road and Halswell Junction Road in the prime industrial suburb of Hornby, Christchurch. The property is leased to General Distributors Limited (the supermarket trading entity for Woolworths) and is the primary South Island distribution centre for Woolworths, operated under its Primary Connect brand.
The substantial 10.54 hectare industrial site includes an existing 30,000 sqm warehouse. The scheme was established in 2025 to acquire both 146 and 166 Shands Road and fund a new 17,000 sqm expansion of the existing warehouse (expected to be completed in August 2026). The building comprises mostly warehouse space, along with undercover loading and canopies, as well as a front office and amenities area and a battery charging bay. The tenant will continue operating from the existing warehouse while the expansion is completed.
Key information
| Type | Industrial |
|---|---|
| Original price | $1.00 per unit |
| Current distribution* |
7.35 cents per unit p.a.
Pre-Tax Gross distribution*The distribution rate disclosed above is the current distribution rate for the Scheme. There is no guarantee that the distribution rate will stay the same. Cash distributions are not guaranteed. |
| Net asset value |
$1.18 per unit as at 31 Mar 2026 Note: This does not consider costs to realise the investment if we were to sell the property, for example agents’ commissions and liquidation expenses which usually work out to be between 3-5% of the net assets per unit. It is also subject to the accounting policies, judgement and estimation as disclosed within these. |
| Minimum holding | 10,000 units |
| Important documents | |
Current opportunities
| Quantity | Buy now price (total) | Buy now price (per unit) | Closing date | |
|---|---|---|---|---|
| 50,000 units | N/A | N/A | Mon 24 Aug 2026 |
| Date transacted | Quantity transacted | Price (per unit) |
|---|---|---|
| 01/02/2026 | 326,526 | $1.00 |
| 01/12/2025 | 242,684 | $1.00 |
