A      new      dawn       of       property     
investment

A      new      dawn     of property     investment

First Light Capital is an independent Commercial Property Fund Management company that is based in Auckland, New Zealand.

New industrial offering at

118    carbine    road

register   your   interest

A    new    dawn    of   property    investment

First Light Capital is an independent Commercial Property Fund Management company that is based in Auckland, New Zealand, & is part of the VCFO Group.

learn    how    to    invest    now

First Light Capital

Your   trusted commercial   property investment   fund   delivering   regular   returns   and capital   growth

First Light Capital was founded on the principles of our Directors, which align our interests with those of our Investors. Our goal is to develop long term partnerships with our investors founded on mutual trust, where the growth and preservation of our capital and active ongoing management of our commercial property wealth is our primary objective. Whilst we have a diverse skillset and range of business experience, our accounting backgrounds mean we are conservative in nature.

We will only source properties in which the Directors will invest alongside investors. Our biggest asset will be our Investors, so we encourage communication and will be operating on an “Open Office” basis – come in and see us at any time and talk to us. We are centrally located and welcome the interaction.

We invite you to join us on this journey and invest alongside us.

how   to   invest

First Light Capital

Your      trusted     commercial  property       investment       fund      delivering       regular       returns and       capital      growth

First Light Capital was founded on the principles of our Directors, which align our interests with those of our Investors. Our goal is to develop long term partnerships with our investors founded on mutual trust, where the growth and preservation of our capital and active ongoing management of our commercial property wealth is our primary objective. Whilst we have a diverse skillset and range of business experience, our accounting backgrounds mean we are conservative in nature.

We will only source properties in which the Directors will invest alongside investors. Our biggest asset will be our Investors, so we encourage communication and will be operating on an “Open Office” basis – come in and see us at any time and talk to us. We are centrally located and welcome the interaction.

We invite you to join us on this journey and invest alongside us.

how    to    invest

How we Invest

Our     Investment Approach

Investing in commercial and industrial real estate provides investors with a higher return than is achievable through regular fixed interest term deposits, but the barriers to entry are often challenging for individuals. First Light Capital will provide investors with as many of the benefits of direct property ownership as is possible.

Our investments will operate as an open-ended PIE fund (or funds), which as more properties are added will provide diversification. We have significant experience of Fund Management, Corporate Governance and Property Investment

Our selection criteria include (but are not limited to):
Properties   in   premium   Locations
Strong   tenant   covenant   with  a  WALT   of at   least 5   years
Preferably   more   than   one   tenant
Rental   growth   incorporated   into   the    leases
Freehold   titles
Purchase   price   in   line   with   market  value
Conservative   LVRs

Skin   in   the   game

We believe in order to succeed together there needs to be mutual trust. That’s why we back our investments with our own money.

Investors   first

We are only a call away. We only exist to serve our investors, this is why we provide the highest quality customer experience possible.

Exceeding   Expectations

When you walk into First Light Capital you will be greeted with knowledge, experience and a consortium of experts all ready to go the extra mile for their stakeholders.

Rock  Solid   Investments

Our mission is to build a trusted and genuine brand providing intelligent and high quality commercial property investments. We will do what we say and invest ethically while ensuring our investors receive solid returns.

Skin   in   the   game

We believe in order to succeed together there needs to be mutual trust. That’s why we back our investments with our own money.

Investors   first

We are only a call away. We only exist to serve our investors, this is why we provide the highest quality customer experience possible.

Exceeding Expectations

When you walk into First Light Capital you will be greeted with knowledge, experience and a consortium of experts all ready to go the extra mile for their stakeholders.

Rock  Solid Investments

Our mission is to build a trusted and genuine brand providing intelligent and high quality commercial property investments. We will do what we say and invest ethically while ensuring our investors receive solid returns.

how   to    invest

Contact us

First       Light
Property      Fund

Fund Key Features

  • 6.25%* p.a. projected return, payable monthly
  • Properties in high quality Auckland industrial locations
  • Diversified income with 4 premium tenants
  • Fund WALT of 6.1 years
  • All leases with further rights of renewal & rental increases
  • Fund net income of $944,516.40 p.a. plus GST and outgoings
  • Additional equity raise of $4.3m required
  • Minimum new investment of $100,000
  • For existing investors $50,000 increments accepted

*Projected cash return before tax but after fees (fund return inclusive of 2 properties)

for more information, please contact Toby Hunn directly :

+64(0)27 574 8477toby@firstlightcapital.co.nz

new      industrial       property    -    118    carbine       road, Mt      wellington,       auckland

118 Carbine Road is a well presented and meticulously maintained industrial property in the heart of the Mt Wellington industrial area. The property has excellent linkage to the Southern motorway via the Mt Wellington interchange.

118 Carbine Road Key Features

  • Premium location in Mt Wellington
  • Freehold site of 3,222 sqm
  • Diversified income with two established tenants – Pacific Process NZ Ltd and Floorco Trading Ltd
  • 832 sqm clear span warehouse with dual roller door access
  • 2,149 sqm well maintained industrial building
  • Due diligence to be completed by 10 May 2021
  • Purchase price $7,750,000
  • Net income of $405,000 p.a. plus GST and outgoings
  • Offer to be partially Underwritten
  • 1 July 2021 settlement date

FULLY   SUBSCRIBED

First        Light
Property        Fund

Fund Key Features

  • Forecast cash return of 6.5% p.a. payable monthly*
  • Premium corner location in East Tamaki
  • Fully leased to two premium tenants, Bayleys & Aon Insurance
  • Bayleys lease has 8.5 years remaining with further rights of renewal
  • Aon lease has just under 5 years left with further rights of renewal
  • Rental increases on both leases
  • Net income of $539,516.40 plus GST & outgoings
  • Minimum investment $100,000
  • Due diligence to be completed by 25th January 2021
  • Offer closes 24th March 2021 or earlier if fully subscribed

*Projected cash return before tax and after fees for year end 31 March 2022.

This property fund is now fully subscribed - for more information on our upcoming offers, please contact Toby Hunn directly :

+64(0)27 574 8477toby@firstlightcapital.co.nz

‍The directors of First Light Capital are pleased to offer 2 Harris Road as the first asset in the First Light Property Fund, which has been established to enable the founders and likeminded investors to pool their funds and invest side by side in commercial and industrial properties with attractive returns.
‍
Our aim is simple – to grow a portfolio of high quality commercial and industrial properties that have a diversified group of premium tenants and growth potential. We will focus on key locations in New Zealand where there are strong economic fundamentals underpinning medium to long term demand for our properties. Commercial and Industrial property has proven over time to continue to perform even in hard economic times. Industrial property in particular has been very robust during the Covid-19 pandemic. First Light Property Fund Limited is an open-ended fund. As such it intends to continue to add to it’s portfolio of properties, thereby diversifying investment risk across multiple properties and tenants. We believe that this is a conservative investment structure enabling us to better manage the requirements of our tenants and provide our shareholders with superior security.

Our first acquisition, 2 Harris Road , is a commercial building located in a low vacancy industrial area of East Tamaki, Auckland. With two premium tenants on long term leases, this property meets our location, tenant, yield and potential growth criteria.

First    Light    Property    Fund

The directors of First Light Capital are pleased to announce the launch of our first investment vehicle, the First Light Property Fund. First Light Property Fund Limited has been established to enable the founders and likeminded investors to pool their funds and invest side by side in commercial & industrial properties with suitable returns.

Our aim is simple – to grow a portfolio of commercial & industrial properties that have a diversified group of premium tenants and growth potential. We will focus on key locations in New Zealand where there are strong economic fundamentals underpinning medium to long term demand for our properties. Commercial & Industrial property has proven over time to continue to perform even in hard economic times. Industrial property in particular has been very robust during the Covid-19 pandemic. First Light Property Fund Limited is an open-ended fund. As such it intends to continue to add to it’s portfolio of properties, thereby diversifying investment risk across multiple properties and tenants. We believe that this is a conservative investment structure enabling us to better manage the requirements of our tenants and provide our shareholders with superior security.

Our first acquisition, 2 Harris Road , is a commercial building located in a low vacancy industrial area of East Tamaki, Auckland. With two premium tenants on long term leases, this property meets our location, tenant, yield and potential growth criteria.

learn    how    to    invest    now
2   harris   road

FULLY   SUBSCRIBED

First        Light
Property        Fund

Fund Key Features

  • Forecast cash return of 6.5% p.a. payable monthly*
  • Premium corner location in East Tamaki
  • Fully leased to two premium tenants, Bayleys & Aon Insurance
  • Bayleys lease has 8.5 years remaining with further rights of renewal
  • Aon lease has just under 5 years left with further rights of renewal
  • Rental increases on both leases
  • Net income of $539,516.40 plus GST & outgoings
  • Minimum investment $100,000
  • Due diligence to be completed by 25th January 2021
  • Offer closes 24th March 2021 or earlier if fully subscribed

*Projected cash return before tax and after fees for year end 31 March 2022.

This property fund is now fully subscribed - for more information on our upcoming offers, please contact Toby Hunn directly :

+64(0)27 574 8477toby@firstlightcapital.co.nz

‍The directors of First Light Capital are pleased to offer 2 Harris Road as the first asset in the First Light Property Fund, which has been established to enable the founders and likeminded investors to pool their funds and invest side by side in commercial and industrial properties with attractive returns.
‍
Our aim is simple – to grow a portfolio of high quality commercial and industrial properties that have a diversified group of premium tenants and growth potential. We will focus on key locations in New Zealand where there are strong economic fundamentals underpinning medium to long term demand for our properties. Commercial and Industrial property has proven over time to continue to perform even in hard economic times. Industrial property in particular has been very robust during the Covid-19 pandemic. First Light Property Fund Limited is an open-ended fund. As such it intends to continue to add to it’s portfolio of properties, thereby diversifying investment risk across multiple properties and tenants. We believe that this is a conservative investment structure enabling us to better manage the requirements of our tenants and provide our shareholders with superior security.

Our first acquisition, 2 Harris Road , is a commercial building located in a low vacancy industrial area of East Tamaki, Auckland. With two premium tenants on long term leases, this property meets our location, tenant, yield and potential growth criteria.

our   Team

Toby    Hunn

Director

Toby is responsible for property acquisition, sales and investor relations. Since relocating to Auckland in 2017 Toby was employed as the business development manager for an Auckland Property syndicator, responsible for equity raising and arranging underwrite facilities, before leaving to set up First Light Capital with the VCFO team.

+64(0)27 574 8477toby@firstlightcapital.co.nz

Kelly    Bunyan

Independent Director & Chairperson

Kelly has twenty-five plus years’ experience working across the Real Estate, Property, Infrastructure, and Construction industries, most notably in the capacity as a Senior Lawyer and Leader. Kelly has extensive experience with property, commercial, and construction contracts and methodologies, property tenure legislation and building regulation, project management and delivery, as well as operational management of one of New Zealand’s largest and most complex property and infrastructure portfolios and supply chains.

Randolph    van    der    Burgh

Director

Randolph’s global experience in financial services, corporate finance, mergers and acquisitions, group restructuring and international tax planning spans more than 30 years. Randolph heads Rockburgh Fund Services Limited, a sister company of VCFO Group Limited, and is a founding shareholder and director of both entities.

+64(0)27 573 0855randolph@firstlightcapital.co.nz

Roger    Hatrick- Smith

Director

Roger’s domestic and international business advisory experience spans 40 years.  He has a deep understanding of the issues and challenges facing businesses wanting to grow both in New Zealand and offshore.  He has advised many businesses through various stages of growth offering insights and knowledge acquired through many years of working closely with entrepreneurs and their businesses.

andy  archer

Director

Andy is a director of VCFO Group and formerly a senior partner at EY where he has had extensive involvement in property based businesses spanning sectors from property development, property investment, retirement villages, property financing, forestry, property consortiums, and cross-border holdings. Property businesses here range from entrepreneurial holdings to substantial multi-invested entities.

megan     brown

Administrative Manager

Megan assists with the management of the practice and is a key point of contact for many of our clients. Megan is responsible for client communications, making sure we deliver on our promise to our clients and the efficient running of the office.

megan@firstlightcapital.co.nz
Toby Hunn
kelly   Bunyan
Randolph   van   der   Burgh
Roger   Hatrick- Smith
Andy Archer
Megan    Brown

Toby   Hunn

Director

Toby is responsible for property acquisition, sales and investor relations. Since relocating to Auckland in 2017 Toby was employed as the business development manager for an Auckland Property syndicator, responsible for equity raising and arranging underwrite facilities, before leaving to set up First Light Capital with the VCFO team.

Before moving to NZ Toby had a successful 20+ year career in the financial services industry in Hong Kong and Japan. He was Director and Head of Equities for the Asia Pacific region at ICAP plc, a leading UK securities company, specialising in Asian equity products and dealing with institutional clients from across the globe.

Toby holds a number of securities trading licenses from Hong Kong & Japan, and since moving to NZ is qualified as an Authorised Financial Advisor, REAA Licensed Salesperson and holds an NZX Diploma. Toby graduated from Oxford Brookes University in the UK with a Bachelor of Sciences in Geological Engineering.

+64(0)27 574 8477toby@firstlightcapital.co.nz

kelly   Bunyan

Independent Director & Chairperson

Kelly has twenty-five plus years’ experience working across the Real Estate, Property, Infrastructure, and Construction industries, most notably in the capacity as a Senior Lawyer and Leader. Kelly has extensive experience with property, commercial, and construction contracts and methodologies, property tenure legislation and building regulation, project management and delivery, as well as operational management of one of New Zealand’s largest and most complex property and infrastructure portfolios and supply chains.

She has demonstrated experience with developing strategic property initiatives and executing large scale developments, divestments and acquisitions, and infrastructure arrangements at scale.  Kelly is an industry leader and brings a wealth of property experience to the table.

Randolph   van   der   Burgh

Director

Randolph’s global experience in financial services, corporate finance, mergers and acquisitions, group restructuring and international tax planning spans more than 30 years. Randolph heads Rockburgh Fund Services Limited, a sister company of VCFO Group Limited, and is a founding shareholder and director of both entities. Prior to that he was an international tax partner in Ernst & Young advising clients on domestic and cross border private equity funds, property funds, infrastructure funds and managed investment funds, including related debt, equity and hybrid products for retail and wholesale investors.

Randolph is a director or trustee of a range of property investment vehicles covering commercial, industrial, childcare, forestry, farming  and residential property. He is also a founding shareholder and director of Happy Valley Nutrition Limited, an ASX listed company which is currently building a state of the art milk processing facility in Otorohanga, New Zealand.

Randolph is a member of the Chartered Accountants of Australia and New Zealand and holds a Bachelor of Commerce and Administration (First Class Honours) degree from Victoria University, Wellington.

+64(0)27 573 0855randolph@firstlightcapital.co.nz

Roger    Hatrick- Smith

Director

Roger’s domestic and international business advisory experience spans 40 years.  He has a deep understanding of the issues and challenges facing businesses wanting to grow both in New Zealand and offshore.  He has advised many businesses through various stages of growth offering insights and knowledge acquired through many years of working closely with entrepreneurs and their businesses. As a 10+ year partner at EY, Roger initially was a partner in EY consulting and after the sale of their consulting practice to Cap Gemini headed the Australasian public sector consulting practice for four years.  Subsequently Roger was partner in charge of the Entrepreneurial Services and Transaction Advisory service lines at EY and was a member of the executive management group of the Firm.

Roger is a founding Director of VCFO Group Ltd after forming the original VCFO Firm in 2007 and is responsible for the accounting and business advisory areas of the Firm.  He has experience across a number of business areas including commercial property management, property development and a range of young entrepreneurial start-up companies and provides advice on guidance on growth; access to capital; strategy commercialisation; valuations; and acquisitions and divestments.

Roger is a Chartered Accountant and has post graduate management qualifications from Massey University.

andy  archer

Director

Andy is a director of VCFO Group and formerly a senior partner at EY where he has had extensive involvement in property based businesses spanning sectors from property development, property investment, retirement villages, property financing, forestry, property consortiums, and cross-border holdings. Property businesses here range from entrepreneurial holdings to substantial multi-invested entities.

He is also currently a director and trustee of entities that hold or are developing industrial and commercial property investments.As a 25+ year partner at EY, Andy was responsible for the tax, accounting and commercial needs of clients within property, venture capital, private equity, utilities, primary resources, financial services and privately owned businesses, and he enjoyed leadership roles within the firm.

Andy is a member of the Institute of Directors and also Chartered Accountants Australia & NZ. He is also a member of Impact Investing and the International Fiscal Association. He qualified from VUW with a Bachelor of Laws (Hons) degree and Diploma in Accounting.

Andy is also involved in leading and governance of 2 national charities, and a property based not-for-profit entity.

Megan    Brown

Administrative Manager

Megan provides our clients with the first point of access to meet any information needs you have or to answer any queries.  She is responsible for the administration of the fund and helps us with client communications.  

Megan has a long career in customer service and ensures we deliver on our promises to clients.  She also looks after the efficient running of the office.

megan@firstlightcapital.co.nz
Testimonial
“As an investor for 15 years, I have found commercial property the most difficult asset class to access. First Light Capital’s platform provides me with access to high-quality deals while offering low fees and full transparency across my portfolio.”
John Smith, Auckland
Testimonial
“As an investor for 15 years, I have found commercial property the most difficult asset class to access. First Light Capital’s platform provides me with access to high-quality deals while offering low fees and full transparency across my portfolio.”
John Smith, Auckland

How we Invest

first    light capital    partners

The Directors bring a wealth of domestic and international business experience to First Light Capital, which includes property, fund management and administration, venture capital, private equity, investment banking, investor relations, accountancy and taxation.

More importantly however, we are pragmatic and acknowledge and encourage the power that strategic relationships provide and we work alongside true experts in their field. Our partners include: