October 2021 - Bay of Plenty Business News

SPECIAL FOCUS
October/November 2021 BAY OF PLENTY BUSINESS NEWS 15
INVESTING
PMG remains robust and resilient
Bethlehem Town Centre
Since 1992, our diversified commercial
property funds have delivered
regular and reliable cash returns to
investors through multiple economic
cycles. PMG’s strategy has always
been to offer defensive investments
diversified by geography, tenant and
business sector. In times like these,
our approach has proven to be the
right one.
With over $750 million worth of
assets under management across
our five unlisted commercial property
funds, PMG is known for being one of
the country’s most trusted and established
property funds managers.
Our most recent offer saw PMG
Generation Fund (the Fund) acquire
the high-profile Bethlehem Town
Centre here in Tauranga, and we
welcomed more than 2000 new
investors on board. The centre is
underpinned by notable national and
multi-national tenants, some of which
are classed as essential services or
were able to operate at Level 3.
This brought the total portfolio
value to $166.1 million*, which comprises
five commercial properties
located within main metro centres
across New Zealand.
“When we launched PMG Generation
Fund in 2020, the aim was
to help more New Zealanders gain
access to the benefits of investing
in commercial property, providing
regular income and the opportunity
for good capital growth on their
investment,” PMG Chairman Denis
McMahon said. “This latest offer has
certainly achieved this.”
Not only does the Fund offer a
low minimum entry point, but PMG’s
Reinvestment Plan also allows investors
to reinvest their distributions
from any of PMG’s funds into units
in PMG Generation Fund (subject to
availability) – allowing investors to
reap the rewards of compounding
returns. PMG’s online Compounding
Calculator helps investors see just
how their money could be working
harder for them.
While PMG and our funds are not
immune to economic headwinds,
our investors’ investments and our
properties are in experienced hands.
We have complete confidence that all
our funds are well placed to thrive in
these uncertain times.
If you are looking for regular and
reliable income from a historically
robust and resilient asset class, get
in touch with your local PMG Investor
Relationships Manager today by visiting
www.pmgfunds.co.nz.
Disclaimers
*The Product Disclosure Statement for this closed
offer can still be found on the PMG website. Property
valuations stated as per the value of the most
recent independent valuation report held by the
Fund per property as at the date of the PDS.
Past performance is not an indication of future
performance. Prospective investors are recommended
to seek professional advice from a
Financial Advice Provider who take into account
an investor’s personal circumstances. PMG, and
members of the PMG Investor Relationships Team,
do not provide advice.
Cash returns like
clockwork
How are your investments ticking over?
Returns of
5.5-6.0% p.a. *
Returns
paid
monthly
or quarterly
*Returns are based on historical performance of the funds managed by PMG, as at 9 September
2021. Past performance is not a guarantee of future performance. Please refer to pmgfunds.co.nz for
current metrics and more information. Prospective investors are recommended to seek professional
advice from a Financial Advice Provider who takes into account their personal circumstances.
RESIDENTIAL PROPERTY
Leaning in and
looking through
As market leaders in top end Tauranga real
estate, Jason & Cameron of Oliver Road have
experienced firsthand the aftermath of last
year’s lockdown – the booming property market
we’re still in.
Few would have predicted during
those first days, and the extraordinary
news spreading across the world that
over the next year, here in the Bay of
Plenty, median house prices would
increase by 25% and that interest in
unique, high-value homes would be
the strongest it has ever been.
This all makes sense. Demand
soared as expats returned home and
those outward bound paused or canceled
their plans.
Supply tightened as owners found
more enjoyment in their current
homes or were unable to find suitable
replacements, and the availability
of credit became overwhelmingly
attractive to those with the appetite
and patience for signing countless
unread pages of commitment.
Although not expecting a repeat of
last year, as the second Level 4 lockdown
was announced, Oliver Road’s
approach was to lean in and look
through.
Having recently taken on several
full-time trade staff in the development
of their pre-market improvements
service, the priority was to
reassure those staff of their job security
and to pay 100% of usual wages
throughout. This approach was
Jason Eves and
Cameron Winter
rewarded with a team of grateful and
motivated staff ready to do whatever
was required as restrictions lifted.
Feeling confident in their team’s
readiness to deliver the international
award-winning service allowed Jason
and Cameron to focus not on Level 4
but rather to look straight through to
the coming months.
Safe in the knowledge that in any
market, the best choice for a vendor
will remain the best, this time around
Oliver Road has doubled down and
leant in – not scaling back but ramping
up investment in new people,
technology and marketing.
With a near-full spring calendar of
$2M+ listings being prepared for the
market; one thing is certain – what
Oliver Road is doing is working.