Oyster Direct
Property Fund.
Diversified exposure to over $1.1 billion in quality commercial property assets.
Oyster Direct
Property Fund.
Diversified exposure to over $1.1 billion in 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.
Key Features
- Exposure to over $1.1 billion in quality commercial property assets
- 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 6.1 years across its directly held properties with 44% of income sourced from government and listed tenants as of March 2024.
Since its inception (2016), the Fund has provided investors an annualised income stream of 5.88%* to 31 March 2024.
Unit Price History
Unit Price
As at 31 May 2024
$1.1573
Performance of $10,000 since inception*
As at 31 March 2024
$16,248
*Based on a minimum investment of $10,000 at inception with distributions reinvested and a prescribed investor rate of 28%.
Sector Diversification
By proportion of assets
As at 31 March 2024
Geographical Diversification
By proportion of assets
As at 31 March 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
