107 Harris Road

The Oyster Direct Property Fund (DPF) settled the $10.9 million purchase of 107 Harris Road, East Tamaki, Auckland on Friday, 22 June 2018.

The 8,000m² site contains four high quality trade retail tenancies and two industrial warehouse and yard occupiers. Three high-calibre tenants occupy the street front showroom and warehouse units, all of which are signed to new five-year leases. 

The Oyster Direct Property Fund aims to provide investors with a stable monthly income stream, combined with the potential for capital growth, through investing in, now, 12 quality commercial property assets.

Coming up to the second anniversary since the funds’ inception, the Oyster DPF now has over 400 investors, investor equity of over $55 million, and has experienced an annualised total return since inception of 14.6% to May 2018.

Mark Schiele, Oyster Chief Executive, says “The growth of the Oyster DPF in its first two years supports our view that there are a growing number of investors wanting to participate in an unlisted diversified fund exposed to quality commercial properties.  We will continue to explore opportunities that meet retail investor demand, both for the DPF and single/dual property asset investments.”

About Oyster

Oyster Property Group is a leading New Zealand commercial property and funds manager. It has particular expertise in property fund structuring and equity raising, and currently manages over 20 property funds structured for retail and wholesale investors including the diversified Oyster Direct Property Fund.

The Group partners with institutional capital and private equity investing in commercial property and holds management mandates with third party property owners across development, asset management, property and facilities management, and retail leasing.

The Group manages a range of retail, office and industrial assets throughout New Zealand, with a combined value in excess of NZ$1.2B. Oyster’s team comprises specialists in transactions, asset and property management, development and finance.

Oyster Property Group is 50% owned by ASX listed Cromwell Property Group.

Level 18, 55 Shortland Street,
Auckland, New Zealand

P.O. Box 8302, Symonds Street 1150,
Auckland, New Zealand

Phone: +64 9 632 1287
Email : reception@oystergroup.co.nz