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The Christchurch Fund

8 Assets

8 prime commercial assets located in the Christchurch Central Business District.

6.2%

Income Return
* 2-year annualised average forecast income return, based off $1.18 per issue price.

9.0%

Total Return
** Measured as a forcast internal rate of return (IRR) over the initial 5 years.

Christchurch Highlights

  • GDP - $35.2 billion year to March 2024
  • GDP - 7.9% per capita above national average
  • $3 billion of recent & committed civic investment
  • Population growth of 9.5% between 2018 & 2023
  • A consumer confidence rate of 95.4%

Investment Highlights

  • Diversification across 44 separate tenants
  • 1.2 hectares of land, 11,223m2 of net lettable area
  • Access to New Zealand's most modern city
  • Acquisition pricing & valuations below replacement cost
  • 98% occupied with Little High to expand by Q1 2026

The Investment Opportunity

The Fund offers a platform for investors to participate in the ongoing growth of one of New Zealand’s strongest regional economies, supported by long-term structural drivers, resilient demand, and prime post-earthquake building stock.

Mainland is seeking equity commitments from wholesale investors and close business associates within the meaning of Schedule 1 of the Financial Markets Conduct Act 2013 of up to $34 million to fund the acquisition of the Little High Buildings/LHB.

The Fund is forecasting a 2-year average income distribution of 6.2% p.a. net of all costs and fees, pre-tax and is targeting a total returns1 of 9.0%2 p.a. for the initial 5-year period following the acquisition of LHB.

  1. Two-year annualised average forecast income return, based off $1.18 per unit issue price.
  2. Measured as a forecast internal rate of return (IRR) over the initial 5 years.

 

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