Oyster Industrial 4.0 – Oyster

Oyster Industrial 4.0

The strongest performing asset class within the New Zealand property sector for the past 15 years1



5.25

Cents Per Share
Equating to 4.41% p.a.2

p.a. forecast pre-tax cash distribution, payable monthly

$59,500

Minimum Investment

For 50,000 shares at $1.19 per share3

11.1%

Annualised Total Return Since Inception

For the period ending 31 December 2021 4

Investment Highlights

Proven Performance

Oyster Industrial has delivered exceptional returns to investors, providing a total return of 24% for the 12 month period to 31 December 2021.4

Diversified Portfolio

The combined eight properties are subject to eight tenancies and provide a diversified income stream and a combined weighted average lease term of 8.54 years as at 29 April 2022.

Defensive Asset Class

The industrial sector continues to retain its investor appeal due to its continued low vacancies, supply constraints of appropriately zoned industrial land and consistent rental growth.

Quality Tenants

The tenants include Downer New Zealand Ltd, Plumbing World Ltd, Alto Packaging Ltd, Cardinal Logistics Ltd, Hellers Ltd and VIP Plastic Packaging (NZ) Ltd.

PIE Structure

Potential for tax advantages due to the highest prescribed investor rate of 28%.

Proven Performance

Oyster Industrial has delivered exceptional returns to investors, providing a total return of 24% for the 12 month period to 31 December 2021.4

Diversified Portfolio

The combined eight properties are subject to eight tenancies and provide a diversified income stream and a combined weighted average lease term of 8.54 years as at 29 April 2022.

Defensive Asset Class

The industrial sector continues to retain its investor appeal due to its continued low vacancies, supply constraints of appropriately zoned industrial land and consistent rental growth.

Quality Tenants

The tenants include Downer New Zealand Ltd, Plumbing World Ltd, Alto Packaging Ltd, Cardinal Logistics Ltd, Hellers Ltd and VIP Plastic Packaging (NZ) Ltd.

PIE Structure

Potential for tax advantages due to the highest prescribed investor rate of 28%.

Oyster Industrial Limited is the issuer of the shares.

Portfolio Properties

67 Main North Road Kaiapoi, Canterbury

67 Main North Road, Kaiapoi consists of a 15,714m2 large-scale food production facility on a 47,993m2 site held in three freehold title leased to Hellers Limited.

Hellers is New Zealand’s leading brand of processed meats and they have been in operation since 1985, supplying to New Zealand, Australia and parts of the Pacific.

100 Harris Road East Tamaki, Auckland

100 Harris Road comprises 16,767m2 of lettable area of high stud warehouse, workshop/plant rooms and offices over two levels.

The 22,374m2 site benefits from a wide road frontage with dual access to the property. Fully leased to VIP Plastic Packaging (NZ) Ltd, a rigid plastic packaging manufacturer ultimately owned by Pact Group Holdings Ltd, an ASX listed company.

12 Harbour Ridge Drive Wiri, Auckland

12 Harbour Ridge Drive is a modern, high-quality, design-built facility constructed in 2017 with a net lettable area of 5,301m2 and freehold land of 6,140m2.

Fully leased to NBL (New Zealand) Ltd, who specialises in infant milk formula processing for export into overseas markets such as China.

101 McLaughlins Road Wiri, Auckland

101 McLaughlins Road is a modern, high-quality, design-built facility constructed in 2019 with a net lettable area of 7,354m2 and freehold land of 9,605m2.

Fully leased to Plumbing World Ltd, a wholly owned subsidiary of NZPM Group Ltd. Plumbing World Ltd has over 50 branches nationwide supplying a range of stock from basic trade plumbing products to high end bathroom fittings.

71 Westney Road Mangere, Auckland

71 Westney Road is a large scale highstud industrial building constructed in the mid-2000's with a net lettable area of 17,378m2 and freehold land of 21,397m2.

71 Westney Road is fully leased to Cardinal Logistics Ltd, a New Zealand owned and operated company providing dedicated warehousing of fast-moving consumer goods (FMCG products), mostly in the grocery sector.

14-16 Makaro Street Porirua, Wellington

14-16 Makaro Street comprises a highquality and modern industrial asset comprising two levels of offices, two single story industrial warehouses, and yard. The total net lettable area is 21,894m2 on freehold land of 25,026m2.

Fully leased to Downer New Zealand Ltd, a subsidiary of the NZX and ASX listed Downer EDI Ltd.

Downer New Zealand is the largest provider of services to asset owners in New Zealand, around three main sectors: Transport, Utilities and Facilities.

75 Wainui Road Lower Hutt, Wellington

75 Wainui Road is a substantial plastics recycling factory with a total net lettable area of 18,871m2. Many of the buildings onsite are interconnected and the property provides full warehouse, office and yard. The largest building is the main warehouse at 9,048m2 which was constructed in 2009 and accounts for 49% of the annual rental.

Fully leased to Alto Packaging Ltd (trading as Flight Plastics), who leads the way as the first PET wash plant in New Zealand, recycling plastic from around New Zealand into new food packaging which in turn is 100% recyclable.

77 Westney Road Mangere, Auckland

77 Westney Road is a large-scale industrial facility constructed in the mid-2000’s. The property provides both warehouse and office accommodation, with a net lettable area of 9,834m2 and freehold land of 12,831m2.

77 Westney Road is fully leased to Cardinal Logistics Ltd, a New Zealand owned and operated company providing dedicated warehousing of FMCG products mostly in the grocery sector.

Upcoming Investment Presentations

We’re coming to you with our second round of investment presentations. You can now register to attend an in-person presentation in Auckland, Christchurch and Hamilton!

Register

Auckland
Royal Akarana Yacht Club, Orakei
Wednesday 25 May
5:00pm
Christchurch
Rydges Latimer Christchurch
Tuesday, 31 May
3:30pm
Hamilton
FMG Stadium Waikato, Frankton, Hamilton
Thursday, 2 June
5:00pm

Oyster Industrial’s fourth equity raise expands the fund’s portfolio with two new properties.

The acquisition of 67 Main North Road, Kaiapoi, Canterbury and 100 Harris Road, East Tamaki, Auckland provides further geographical and tenant diversification.

The Offer

Oyster Industrial Ltd is offering investors the opportunity to acquire shares in Oyster Industrial Ltd, the owner of the land and buildings at

  • 12 Harbour Ridge Drive, Wiri, Auckland
  • 101 McLaughlins Road, Wiri, Auckland
  • 75 Wainui Road, Lower Hutt, Wellington
  • 14-16 Makaro Street, Porirua, Wellington
  • 71 Westney Road, Mangere, Auckland
  • 77 Westney Road, Mangere, Auckland

Additionally, Oyster Industrial Ltd has contracted to acquire the land and buildings at:

  • 67 Main North Road, Kaiapoi, Canterbury
  • 100 Harris Road, East Tamaki, Auckland 5
A total of 822 parcels of shares are being offered at $59,500 each (50,000 shares per parcel)2 Investors may apply for one or more parcels of shares.

How do I invest?

Register your interest to obtain the Product Disclosure Statement. Our team is available to discuss this opportunity in further detail or to answer any questions you may have.


1Source: MSCI as at 30 September 2021.
2 The return is only an indicative forecast pre-tax cash return and is for the financial period ending 31 March 2023.
3The minimum investment is $59,500 being 50,000 shares at $1.19 per share.
4 Calculated from 21 October 2019 to 31 December 2021 based on the net asset value per share (including the 31 December 2021 valuations) and dividends paid during the period. Past performance is no indication or guarantee of future performance.
5The acquisition of 100 Harris Road is subject to certain conditions being met. Further details are in the Product Disclosure Statement.

The Product Disclosure Statement contains details of how the forecast return on investment is calculated. The forecast return is based on any principle assumptions and methods of calculation described in the Product Disclosure Statement. Prospective Investors are recommended to seek professional advice from a financial advice provider which considers their personal circumstances before making an investment decision. This offer is made in accordance with the Financial Markets Conduct Act 2013.