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Founded by experienced investors with a clear long-term strategy, Provincia now manages over $235 million in industrial property — through both our Funds and Private Client portfolios.
Having worked across all sectors of commercial property, founders Carl Burling and Jack Revill came to realise that the greatest opportunity was in one area: industrial.
It began in 2017 with a single property, 38 Richard Pearse Drive in Auckland – an underappreciated asset with clear potential. Carl and Jack saw the upside others had missed, transformed the property, and in doing so, laid the foundation for what would become Provincia.
Just eight years later, Provincia has grown into a portfolio of 14 properties and home to 22 diversified tenants and our second fund Provincia II has launched. But we’re not just building a portfolio — we’re building long-term value, strong investor relationships, and a smart, diversified fund.
Their focussed and disciplined approach attracted a board of experienced leaders who are also investors. The fund is chaired by early investor and now major shareholder, Michael Webster.
Our Team
CEO/Co Founder/Investor
Carl has been self-employed in the property sector for over 20 years working as an advisor, property developer, investor and fund manager. Carl co-founded Provincia in 2017 with Jack Revill which has grown successfully to the value of $94.4 million and delivered average total returns of 13.9% (2019 - 2021). Carl is a qualified electrical and electronics engineer and is a shareholder in the Fund and the Manager.
Asset Manager /Co Founder/Investor
Jack co-founded Provincia in 2017 and has been an integral part of its success. He worked with Carl in the property management sector whilst completing a Bachelor of Property Degree at Auckland University. Jack currently manages the Fund’s portfolio, sources new properties and controls the due diligence of acquisitions. Jack is a shareholder in the Fund and the Manager.
Chair/Director/Investor
Michael was a very early Provincia investor and is now our major shareholder. He has been a real estate investor for over 20 years, and also trades US equities and options for a privately-owned hedge fund. Through his software company he has helped build global technology companies such as Nutanix (Nasdaq: NTNX) and helped the New Zealand Government implement Kiwisaver.
Director/Investor
Malcolm has extensive experience in senior governance roles and was a founding director of the listed company Property For Industry. Malcolm has co-founded a number of other investment businesses including Willis Bond & Co in 1988, Pencarrow Private Equity in 1993, McDougall Reidy & Co in 2007 and Direct Property Fund in 2008. Malcolm is a director and shareholder in both the Fund and the Manager.
Director/Investor
Jenson is Managing Director at MRCagney, a specialist sustainable transport consultancy. He is responsible for leading a multi-disciplinary team of urban planners, urban designers, transport and public transport specialists. Jenson has significant governance skills, and experience as a director, board member and a manager. This includes being a director of MRCagney, a former board member of ACE New Zealand. He is a shareholder in the fund and was one of the foundation investors of Provincia.
Director/Investor
Mark is a very experienced global CFO, he has worked internationally for Ralph Lauren before moving to New Zealand and working for The Warehouse and Ezibuy. Over the last 8 years he has been an Advisory Director at DBVisit before becoming CEO 5 years ago. Mark is an investor in Provincia and was elected to the board at the 2023 AGM.
Our Services
01.
Investment Funds
Access the performance of industrial property through our expertly managed wholesale funds – backed by proven returns, sound tenants and a long-term, value-add strategy.
02.
Private Client
Tailored industrial investment opportunities for private clients – backed by extensive property contacts and experience.
03.
Property Management
Professional industrial property management focussing on maximising rental income and value-add opportunities.
After working in property for over 20 years, I am passionate about helping people invest in industrial property.
CARL BURLING
CEO / Co Founder / Investor