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The Oyster Large Format Retail Fund is an open-ended and PIE structured unlisted property fund. It aims to grow, through further acquisitions, a stable and diversified portfolio of large format retail real estate. The fund’s initial acquisition of the Albany Lifestyle Centre was a high profile 1.8 hectare site on a sought-after location with three road frontages. The fund’s investment strategy is to grow a diversified portfolio of large format retail properties, targeting supermarkets, DIY or hardware stores, bulk retail stores and bulk retail centres throughout New Zealand. A key objective for Oyster Large Format Retail Fund is delivering a stable monthly income return to investors whilst providing the potential for long-term capital gain.
As at 30 September 2023
|Portfolio WALT||6.23 years|
|Portfolio Occupancy Rate||100%|
Significant Initial AssetAlbany Lifestyle Centre, a high profile 1.8-hectare site with three road frontages and easy access to State Highway 1. A gross lettable area of 26,687m² and 616 multi-level onsite car parks.
Quality TenantsA diversified tenant mix, anchored by Mitre 10 Mega, the property is leased to nine other large format retail tenants including Freedom Furniture, Danske Mobler and Baby Bunting, with third floor offices occupied by EROAD and NZX.
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Register to be the first to know when the Oyster Large Format Retail Fund re-opens for investment.