Centuria Shands Road Property Trust

Key highlights

• 7.35% p.a. forecast pre-tax cash distribution for the first three years from 1 April 2025, paid to investors monthly.*
• Property leased to an outstanding tenant, Woolworths NZ. The facility is tenanted by the supermarket trading entity for Woolworths in New Zealand and is a key piece of its infrastructure. The Tenant advises that it operates 188 Woolworths supermarkets in New Zealand and has revenue in excess of $7 billion and total assets in excess of $2 billion (as at 30 June 2024).
• New 15 year lease (commenced 30 August 2024) with rights of renewal until 2059, providing a long term income stream with built in rental growth.
• Brand new warehouse extension to be constructed to meet Woolworths NZ’s growing requirements. The Tenant will continue operating out of the existing premises throughout and following the Expansion phase. Additional spare land provides the potential to add further value in the future.
• Landlord insulated from cost and delay risk, through fixed dates for rental increases and a capped Landlord contribution to Expansion costs.
• $90 million, ‘as if complete’ valuation of the combined Property.¹
• Prime location on a prominent corner site in Christchurch’s pre-eminent industrial suburb, Hornby.
• Strong performing industrial property and supermarket sectors.
• Centuria NZ, well established and experienced manager, part of Centuria Capital Group, with approximately A$20 billion of Trans-Tasman assets under management.² With a strong track record and thousands of wide ranging and long standing investors.
• PIE structure makes this a tax effective investment for many investors, who will be subject to a maximum tax rate of 28%.
• Fully underwritten Capital Raising Offer.

*Cash distributions are not guaranteed. Actual distribution rates may vary. Details on how the forecast pre-tax cash distributions are calculated (including the key assumptions upon which they are based), and the risks associated with the investment are set out in the Product Disclosure Statement.

To discuss the above in more detail, please contact the Bayleys selling agents:

About Centuria

Centuria NZ is an established and experienced fund manager with significant property market expertise

Centuria NZ (formerly known as Augusta Funds Management) manages approximately NZ$2.5 billion of assets with a strong track record.

In 2020, Augusta and the ASX200 listed Centuria Capital Group (one of Australia’s largest property fund managers) merged to create a leading Australasian property fund management platform, with over $20 billion of Trans-Tasman assets under management on behalf of investors.²

Centuria NZ have a 20-year track record and manage a wide range of property-related investments, including industrial, commercial, retail, office, healthcare, agricultural and self-storage properties.

Centuria NZ are conservative in their approach with a focus on quality assets with strong long-term fundamentals. At the core of their investment philosophy is providing regular monthly cash distributions and protecting and growing investors’ equity.

For more information click here to visit the Centuria NZ Homepage.

1. Plus GST (if any). Valuation as at 23 October 2024.
2. As at 30 June 2024. Includes assets contracted to be settled, cash and other assets.

Centuria Funds Management (NZ) Limited is the issuer of the units in Centuria Shands Road Property Trust. A Product Disclosure Statement for the offer of units 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, units, shares, securities or other 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.

Prospective investors are recommended to seek professional advice from a financial advice provider which takes into account their personal circumstances before making an investment decision. The selling agents are not providing personalised advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available www.bayleys.co.nz/funds