Passive Real Estate
AUCKLAND Logistics Facility
12 Southdown Lane, Auckland, New Zealand
DC CAPITAL Role - Principal Investor and Fund Manager
A high quality warehouse / logistics facility comprising 7,300m2 of lettable area leased to high profile logistics company, Mainfreight. Purchased in line with our strategy of acquiring high quality assets from distressed owners, it was purchased off market from an Australian Fund Manager seeking to exit the NZ market.
Investment Summary
| Sector | Industrial |
| Investment Structure | Private Trust |
| Investment Term | Open Ended |
| Exit Strategy | Long term income hold with majority vote to sell by trust unit holders |
| Purchase Date | November 2011 |
| Purchase Price | NZ $2m |
| Current Value | NZ $5.2m |
| Property IRR | 60% |
| Equity IRR | 100%+ |
