First Light Property Fund – new Industrial acquisition

6% p.a. projected return,
payable monthly

The First Light Property Fund will consist of three outstanding properties in its portfolio (upon settlement of 57 Forge Road), providing diversification through 6 premium tenants on long term leases and regular rental increases.

We intend to grow by acquiring further commercial and industrial properties.

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Open for investment

First Light Property Fund Limited is an open-ended fund.

Our intention is to continue to add to our portfolio of properties, thereby diversifying investment risk across multiple properties, sectors and tenants. We believe that this is a conservative investment structure enabling us to better manage the requirements of our tenants and providing our shareholders with superior security.

Our strategy is to provide the closest alternative to direct property ownership as possible, targeting total shareholder returns through capital growth and regular distributions. Being a PIE fund, shareholders receive the same income, tax deductions and capital gains as if they owned the properties direct, including depreciation deductions which reduces their tax.

FLPFL intends to grow by acquiring further commercial and industrial properties. Existing shareholders will be offered the first opportunity to reinvest on a pari passu basis.

FUND key features:
6% p.A. projected return, payable monthly

Inclusive of 3 properties

  • Diversified tenant income including Bayleys, Aon Insurance, NZI, WorkSafe NZ, Dad's Pies
  • Fund WALT of 5.7 years (upon settlement of
    57 Forge Road)
  • Leases with rights of renewal and regular rental increases.
  • Low to moderate risk profile.
  • PIE structure provides beneficial tax rates.
  • Tax deducted at source by the manager.

For more information on the FLPFL structure please refer to the latest edition of the Investment Statement here:

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Download application forms

Application Form - CompanyApplication Form - Non Resident IndividualApplication Form - Individual/JointApplication Form - Trust

underlying fund assets

Under conditional contract
Auckland
  • Location: Premium corner site in East Tamaki
  • Tenants:  Aon Insurance & Bayleys Real Estate
  • Net income: $557,657 plus GST and outgoings
  • Settlement: 1st April 2021
ReGISTER YOUR INTEREST
Under conditional contract
Hamilton
  • Premium location in Hamilton CBD
  • Anchored by large corporate and government tenants
  • 49 on site car parks
  • Long term leases with regular rental growth
  • Brand new air conditioning system throughout
  • Net income of $678,409 + GST and outgoing
  • “A” Grade seismic rating
  • 2152 sqm freehold site with 1721 sqm of net lettable area
  • Purchase price of $14,000,000
  • Settlement: 1st December 2021
For more information this property, click hereReGISTER YOUR INTEREST
Current Offer

233 Collingwood Street

Hamilton
  • Premium location in Hamilton CBD
  • Anchored by large corporate and government tenants
  • 49 on site car parks
  • Long term leases with regular rental growth
  • Brand new air conditioning system throughout
  • Net income of $678,409 + GST and outgoing
  • “A” Grade seismic rating
  • 2152 sqm freehold site with 1721 sqm of net lettable area
  • Purchase price of $14,000,000
  • Settlement: 1st December 2021
Contact Us
Current Offer

2 Harris Road, East Tamaki

Auckland
  • Location: Premium corner site in East Tamaki
  • Tenants:  Aon Insurance & Bayleys Real Estate
  • Net income: $557,657 plus GST and outgoings
  • Settlement: 1st April 2021
Contact Us

Register your interest.

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