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Investment in an Australian limited liability partnership (LLP) which will acquire an Australian property. |
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New building completed in June 2015 and with high stud warehouse plus two storey front office block. |
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8 year lease from 16 June 2015 to Akzo Nobel Pty Ltd ACN 000 119 424. |
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2 options for the Tenant to renew the lease for further terms of 5 years each, with a final expiry of 15 June 2033. |
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Akzo Nobel is a global paint and coatings company, employing 47,000 people in 80 countries. Its major brands include Dulux, Sikkens and International**. |
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Single asset, single tenant industrial investment. |
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| For a copy of the Investment Statement and Valuation Report please reply to this email, visit the website www.australianindustrial.co.nz or contact the below selling agents. |
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Mike Houlker
Head of Syndication &
Investment Products
P 09 375 8437
M 021 945 927
mike.houlker@bayleys.co.nz
Bayleys Real Estate Limited,
Licensed under the REAA 2008 |
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Samara Phillips
Syndicated Investments
Manager
P 09 375 8490
M 021 027 61373
samara.phillips@bayleys.co.nz
Bayleys Real Estate Limited,
Licensed under the REAA 2008 |
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Sarah Prebble
Syndication Sales &
Investor Relations
P 09 375 6825
M 027 635 3521
sarah.prebble@bayleys.co.nz
Bayleys Real Estate Limited,
Licensed under the REAA 2008 |
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| 0800 BAYLEYS (229539) |
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*Projected pre tax return for full one year period. Details on how the return will be calculated and the risk associated with this investment and return are set out in the Prospectus. The Manager expects to make cash distributions equivalent to 7.00% per annum of the amount invested by Investors, which reflects an Australian tax rate of 30% for the LLP. Investors in New Zealand with a marginal tax rate of 33% may (if Australian tax credits are less than New Zealand tax payable on their allocation of taxable income less New Zealand depreciation) need to account for the difference between tax paid by the LLP and their 33% tax rate in their tax returns.
** The tenant’s obligations are guaranteed by Akzo Nobel Coatings (Holdings) Pty Ltd. No other member of the Akzo Nobel group (including Akzo Nobel N.V.) guarantee the obligations of the tenant
Prospective investors are recommended to seek professional advice from an Authorised Financial Adviser which takes into account their personal circumstances before making an investment decision. The selling agents are not providing personalised advice, but will provide all prospective investors with a copy of the Investment Statement and Valuation Report. |
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