Oyster Direct
Property Fund.
Diversified exposure to quality commercial property assets.
Oyster Direct
Property Fund.
Diversified exposure to quality commercial property assets.
The Fund provides the opportunity to invest in commercial property assets through a single investment vehicle targeting major urban locations across New Zealand, in the commercial, industrial, and retail sectors.
The Fund strategy aims to provide investors with optimal long-term returns through a monthly tax effective income (PIE Fund) alongside the potential for long-term capital growth. Managed by a team of commercial property experts and backed by Oyster’s 25-year proven track record, the Fund provides investors with access to the long-term benefits of commercial property investment, starting at $10,000.
Oyster Direct Property Overview
As at 30 June 2024
Total Fund Value$188.6 million
Diversification across major urban centres and three defensive asset classes
Long-term leases to quality government and blue-chip tenants
Potential for regular income distributions with PIE fund benefits (maximum tax rate of 28%)
Long-term capital growth potential via property value appreciation over time
Lower minimum investment, making real estate more accessible
The Oyster Direct Property Fund portfolio is underpinned by a weighted average lease term (WALT) of 6.27 years across its directly held properties with over 40% of income sourced from government and national tenants as of June 2024.
Since its inception (2016), the Fund has provided investors an annualised income stream of 5.79%* to 30 June 2024 and a total return of 7.70%.*
Property Portfolio
12 Newlands Road, Newlands, Wellington
This property comprises a warehouse building and a two level office annex with a net lettable area of 4,562.90m² and freehold land of 10,705m². Primary tenant being Newlands CityFitness Ltd.
6 Hurring Place, Newlands, Wellington
This property comprises mixed use warehouse and office with a net lettable area of 5,398m² and freehold land of 12,784m². Primary tenants being New Zealand Defence Force and Fire & Emergency New Zealand.
35 Hickory Place, Hornby, Christchurch
The property comprises a large warehouse and office facility with a net lettable area of 7,838m² and freehold land of 16,715m². Primary tenant being Westland Dairy Company Limited.
223-231 Tuam Street, Christchurch
This property comprises a three-level office building with a net lettable area of 4,636.5m² and freehold land of 1,683m². Primary tenant being Kathmandu Ltd.
Sector Diversification
By proportion of assets
As at 30 June 2024
Geographical Diversification
By proportion of assets
As at 30 June 2024
Distributions
The Fund’s pre-tax cash distribution for the period 1 April 2024 to 30 June 2024 is 3.00 cents per Unit per annum.
Redemptions
The Oyster Direct Property Fund redemptions facility remains suspended to allow the Fund to maintain appropriate working capital in response to current economic conditions, including elevated interest rates.
This facility is operated at the discretion of the Manager in accordance with the Fund’s objectives. The redemptions facility and its available mechanisms are outlined in the Fund’s Product Disclosure Statement (PDS).
A third-party trading window is available for investors in the Oyster Direct Property Fund, where investors can buy and sell units at an investor agreed price, on a self-directed basis.
Oyster Management Limited is the issuer of units in the Oyster Direct Property Fund.
Distribution Reinvestment Plan
The Distribution Reinvestment Plan provides you with the opportunity to reinvest any monthly cash distributions as additional fully paid units. This flexibility enables you to continue to add to your investment within the Fund and provides the option to automate regular monthly investments.
You can access the Fund’s Distribution Reinvestment Plan Offer Document.
*Past performance is no indication or guarantee of future performance. The offer of new units in the Oyster Direct Property Fund (other than through the Distribution Reinvestment Plan) is currently closed.
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.
Meet the investor team
