With over 20 years’ experience Bayleys Real Estate Limited have managed the marketing and successful sell down of over 60 syndications and property funds across New Zealand and Australia with a total property value in excess of $2.5 billion. Over that time the team have raised over $1.3 billion of capital from investors for offerings across the commercial, industrial, healthcare and agricultural property sectors.
Bayleys are very particular about the type and quality of properties that they market and align themselves with Australasia’s leading property fund managers. Recent syndications (single asset property funds) have included the $109 million capital raise for the substantial 8.576ha Visy Glass industrial property located in a prime position in Penrose Auckland, and the heavily oversubscribed opportunity to invest in the brand new Xero offices located in Parnell, Auckland which raised $68.5 million of investors’ capital. Buildings A, B & C of the award-winning premium grade BDO Centre located in Central Auckland were also sold down with the team selling a total of 2,450 $50,000 investment units in the two limited partnerships which each own separate buildings in the centre, where NZME, the unified radio, digital, e-commerce and print operation is the largest tenant.
Other recent syndications marketed and sold down by Bayleys have included a Countdown Supermarket in Hamilton and Countdown’s South Island distribution centre in Christchurch, three industrial properties in Queensland, Australia and the re-syndication of both an industrial property in Penrose and NZ’s air traffic control centre in Christchurch.
Investments in funds with multiple assets are also available through Bayleys. Recent funds that Bayleys have raised capital for have included Centuria NZ Industrial Fund (formerly known as Augusta Industrial Fund). This fund’s purpose is to provide investors with the opportunity to invest in a portfolio of strategically selected industrial assets that provide both tenant and location diversification within this strongly performing sector of the New Zealand property market. The three capital raises for this fund have totalled circa $270 million.
Other recent funds have included Centuria NZ Property Fund (formerly known as Augusta Property Fund). The fund’s highest value asset is the Anglesea Medical Centre which is located in Hamilton’s CBD. In Centuria’s opinion, it is one of New Zealand’s largest private health care centres. Bayleys have raised circa $85 million in capital from investors for this fund over two capital raises.
The sought-after healthcare property sector was the focus of the Centuria NZ Healthcare Property Fund with the initial acquisition a portfolio of 23 aged care properties leased to Heritage Lifecare on 30-year triple net leases.
Exposure to the agricultural property sector was offered through the Centuria NZ Agricultural Property Fund Limited investment opportunity in May 2023 with favourable forecast after-tax distributions and no bank debt or exposure to interest rate risk at settlement.
To learn more about previous investment opportunities (all currently closed for investment) please click “LEARN MORE" on the below.
For information on current investment opportunities please click here.