Provincia invests in quality mid-sized ($3-10 million) industrial properties, investing in growth areas with sound economics. See our commercial property portfolio…
Substantial value was added to the properties through renovation and by securing quality tenants on long-term leases.
Investing through a diversified commercial property fund, as opposed to a property syndicate (syndicated property investment), gives private investors a spread of risk over a greater number of properties – rather than being locked into one [often high-risk] property.
As an open-ended PIE fund, your investment is diversified across the entire portfolio and becomes increasingly diversified as the fund acquires more properties.
Our diversified commercial property portfolio…
- Purchased: November 2017
- Purchase Price: $4.7 million
- Current Valuation: $6.9 million
- Annual Rent: $431k
- Net Lettable Area: 3,051 m2
- Land Area: 4,858 m2
- Tenants: (1) Storerite Logistics, (2) Fitness 24/7, (3) Active Physio.
- Purchased: August 2018
- Purchase Price: $6.1 million
- Current Valuation: $7.7 million
- Annual Rent: $402k
- Net Lettable Area: 2,919 m2
- Land Area: 10,504 m2
- Tenant: Northpower
- Purchased: December 2018
- Purchase Price: $7.2 million
- Current Valuation: $8.7 million
- Annual Rent: $521k
- Net Lettable Area: 4,533 m2
- Land Area: 7,565 m2
- Tenant: Goodman Fielder
- Purchased: June 2019
- Purchase Price: $6.8 million
- Current Valuation: $7.3 million
- Annual Rent: $415k
- Net Lettable Area: 3,722 m2
- Land Area: 7,315 m2
- Tenants: (1) TSS Workforce Ltd, (2) Southern Hospitality Ltd, (3) Project Stainless Ltd, (4) Charity Clothing Collection Ltd, (5) Windows 2000 Ltd.
- Purchased: October 2019
- Purchase Price: $3.4 million
- Current Valuation: $3.8 million
- Annual Rent: $210k
- Net Lettable Area: 1,582 m2
- Land Area: Half share of 6,164 m2
- Tenants: (1) Super Snack Ltd, (2) Chasers Food Company Ltd.
- Purchased: December 2019
- Purchase price: $7.1 million
- Current Valuation: $9.3 million
- Annual Rent: $443k
- Net Lettable Area: 5,124 m2
- Land Area: 8,921 m2
- Tenants: (1) Filtec Ltd, (2) Gouk & Sullivan 1971 Ltd, (3) Connect 8 Ltd.
- Purchased: November 2020
- Purchase Price: $10.4 million
- Current Valuation: $11.0 million
- Annual Rent: $650k
- Net Lettable Area: 5,080 m2
- Land Area: 9,968 m2
- Tenant: SlumberZone New Zealand Ltd
- Purchased: February 2021
- Purchase Price: $4.2 million
- Current Valuation: $4.2 million
- Annual Rent: $230k
- Net Lettable Area: 1,885 m2
- Land Area: 2,974 m2
- Tenant: Tyres Direct 2008 Ltd
- Purchased: March 2021
- Purchase Price: $7.8 million
- Current Valuation: $7.86 million
- Annual Rent: $430k
- Net Lettable Area: 12,447 m2
- Land Area: 12,297 m2
- Tenant: Alderson Poultry Transport Ltd
- Purchased: June 2021
- Purchase Price: $7.6 million
- Current Valuation: $7.6 million
- Annual Rent: $399k
- Net Lettable Area: 1,795 m2
- Tenant: Westie Food Group Ltd