Year Book 2020

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PMG PROPERTY FUNDS MANAGEMENT Proudly Bay of Plenty born and bred WE ARE LIVING IN UNPRECEDENTED times, with businesses and governments scrambling across the globe to fight a common enemy. We must all work together to get through the stressful times generated by COVID-19. Whatever happens, one thing is certain: PMG will do everything we can to support our people, clients, tenants and partners, and do our best to balance the needs of all our stakeholders. But don’t take our word for it. We have third-generation customers who trust us to grow their wealth because we did right by their parents, and their grandparents before them. (See our survey results.) Proven performance throughout multiple economic cycles As a property funds manager, we know there is much business and investor wariness as a result of the current crisis. We understand because we have faced stark challenges before. Over our 28-year history, we’ve been through multiple economic cycles. While PMG and our property investment funds are not immune from global events, we have had practice and we are in a good position to weather the current storm. Our success to date comes down to our strategy of providing solid, diversified and unlisted commercial property investments, underpinned by the security of long-term holdings of land and buildings, to provide people with regular returns. Our strategy will remain steadfast. Economic and market volatility are precisely why PMG transitioned to a funds management business model in 2014 – placing multiple properties, with diverse tenants across several geographies in one fund – and transitioned away from single property syndications. We also have structured our business and funds to endure tough times 24 | YEAR BOOK <strong>2020</strong>
SCOTT MCKENZIE, CEO, PMG. and provide income to our investors throughout events such as this. We have done this by continually improving the quality of properties across our five investment funds, including acquiring higher-quality buildings with resilient national and multinational tenants. “PMG will do everything we can to support our people, clients, tenants and partners, and do our best to balance the needs of all our stakeholders.” Expert in-house property team One of our key points of difference is our expert, in-house property management team. We have professional asset and facilities managers – with a combined experience of more than 100 years – looking after our properties and tenants. That ensures our investors get the most value out of their investment, and our tenants have workspaces they can thrive in. Our team work with our tenants to ensure they can operate efficiently and effectively in their premises. They are also supporting our tenants during the COVID-19 climate with a package specifically designed to help them get through this challenging time. In turn, we are building stronger relationships with our tenants. While no one knows what the next few months or years will hold, we remain committed to doing right by our people, investors, tenants, professional advisors and suppliers. Mutual trust, transparency and leadership are three of our core values. What our investors say In a recent survey, we asked our investors what they like about us. Here’s what they shared: • We are long-term investors in quality commercial property, underpinned by tangible land and buildings. • Our funds are diversified by building, geography, industry and tenancy, which helps reduce risk to investor returns. • Each of our funds continue to maintain a conservative level of bank borrowings. • Our properties are proactively managed by an expert in-house property management team, which knows our properties and tenants best. • Just as our tagline says, we’re invested. All our executive directors and many of our people are personally invested in PMG and our funds. We share the risks and the returns with our clients. At the end of the day, performance matters, through good times and hard times. We also know that growing relationships with all those we work with is just as important as growing returns. We’re dedicated to ensuring our clients can rest easy knowing their nest eggs are in safe hands. PMG HEAD OFFICE, DURHAM STREET, TAURANGA. A SNAPSHOT OF PMG • Five unlisted, diversified commercial property funds • $500m (and growing) commercial property assets NZ-wide • 100 commercial properties under management • Licenced under the Financial Markets Conduct Act 2013 to manage Managed Investment Schemes in real estate in NZ • 100% New Zealand owned and operated • Offices in Tauranga, Auckland, Hamilton and Christchurch • 1000+ active investors • Business Innovation Award – Westpac Business Awards 2017 • Operated by a team of invested and passionate property and financial experts 0800 219 476 WWW.PMGFUNDS.CO.NZ YEAR BOOK <strong>2020</strong> | 25
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Year Book 2020

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