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Terms and conditions

Net asset values

The net asset value of an investment is its total assets minus total liabilities, divided by the number of shares/units outstanding. The net asset value is based on the financial statements from the most recent financial year unless otherwise indicated. It can be used as a tool to approximate the value of a unit before realisation costs.

Please note that 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 net assets per unit. It is also subject to the accounting policies and judgement disclosed within the relevant financial statements.

Yield

When a buyer selects their offer price for an investment the purchase yield is automatically calculated and displayed.  Buyers can adjust their offer price to see how this impacts the yield. The yield is calculated by taking the current cash distribution for the investment and dividing it by the purchase price (e.g. cash distribution of $5 p.a. divided by purchase price of $100 = yield of 5%).  A lower purchase price will result in a higher yield.

 

Disclaimers

For the purposes of the secondary market:

  1. Centuria Funds Management (NZ) Ltd is not providing financial advice. You should obtain independent financial advice before you make any investment decisions.
  2. Centuria Funds Management (NZ) Ltd will be charging an administration fee for arranging the transfer, which equates to 2% of the transaction value (payable by the seller).
  3. Centuria Funds Management (NZ) Ltd will not be acting as broker for any party.
  4. The secondary market facility provided by Centuria Funds Management (NZ) Ltd is not a registered securities exchange or authorised securities exchange or regulated under New Zealand securities markets laws.
  5. There is no binding contract to purchase a unit/share until a deed is signed by both the seller and the buyer.
  6. In the event of multiple offers of the same value being received and these being the highest offer overall, the first offer received by date and time will take precedence in regards to presentation to the seller.
  7. Any person making an offer on the Secondary Market must be physically present in New Zealand at the time of making the offer.
  8. Late payment of settlement may be charged interest to the buyer.
  9. The seller/buyer has not relied upon any representations or advice by Centuria on whether to buy/sell the units and what is the appropriate price and all decisions are ultimately made by the seller/buyer.
  10. The sale and purchase of a unit or share in a property investment comes with all the usual property risks.