Investors in hot demand for shared ownership of commercial properties
Investors are in hot demand with several large shared commercial property ownership schemes on offer as the new 2020 year swings into action.
A $215 million property portfolio of prime industrial, office and retail properties in Hamilton,Tauranga and Mount Manganui has been launched by well-established Queenstown-based syndicators Mitchell Mackersy.
The minimum investment is $100,000 to "wholesale/eligible" investors, who are experienced or high net worth investors, defined in the Financial Markets Conduct Act, to raise $120m of equity for the purchase of the portfolio. Forecast gross returns are 6.5 per cent.
A large Wellington Government-tenanted office building valued at $77m is being offered in a shared ownership scheme by experienced syndicators Oyster Group.