The issuer of this investment has indicated that a minimum of $35,400,000 must be raised before it is issued.
There are some aspects of this fund which may require extra consideration before deciding to invest.
Restrictions on transfer
There are rules around transfering in and out of this investment, which may depend on eligibility. For example, overseas investors may not be able to transfer into some New Zealand managed funds. Or there may be restrictions on withdrawals, such as not until age 65 for KiwiSaver funds.
Issuer's description of this product:
Units in the PMG Direct Office Fund
Minimum investment
$11,800
This is the minimum amount you would need to put into this in order to invest.
Closing date
29 Jun 2020
This is when this offer closes to investors.
Scheme type
Residential or commercial Property
This is a property investment scheme, either residential or commercial.
Key facts
Minimum total to be raised
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
PMG DOF PDS 2020_v12.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
5a. 2018_Annual_Report (1).pdf
5b. 2019 signed financial statements DOF.pdf
5c. FY20 Financial Statements Signed - 33554890 v 1.PDF
4. PFI Final version with report - PART 1.pdf
4. PFI Final version with report - PART 2.pdf
10. Letter of Consent Aim Valuation.pdf
11. Letter of Consent PRP.pdf
12. Letter of Consent Telfer Young Tauranga (143 Durham Street).pdf
13. Letter of Consent Telfer Young W (410 Victoria Street and 12 Alma Street).pdf
14. Section 60 Consent - KRK 1.PDF
15. Tuam Street Valuation Report.pdf
16. Technical DD Report (readdressed).pdf
9. Letter of Consent JLL.pdf
17. 2020 DOF Main Hwy CMV (FINAL).pdf
19. 2020 DOF Short St CMV (FINAL).pdf
20. 2020 DOF 2 Robt St CMV (FINAL).pdf
21. 2020 DOF Rockridge CMV (FINAL).pdf
22. 2020 DOF 127 Durham CMV (FINAL) - Mortgage & Cap Raising.pdf
23. 2020 DOF 143 Durham CMV (FINAL).pdf
18. 2020 DOF Victoria CMV (FINAL).pdf
24. Consent report PFI.pdf
3. PMG DOF OM FINAL.pdf
Statement of investment policy and objectives (SIPO)
A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.
PMG Direct Office Fund SIPO - October 2025.pdf
Strategies and objectives for this investment
Additional details
Scheme manager
Name
PMG PROPERTY FUNDS MANAGEMENT LIMITED
Type
NZ Limited Company
NZBN
9429038892080
FSP Number
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
22 May 2020
Date opened
30 May 2020
Date closing
29 June 2020
Further payments may be required
No
Restrictions on transfer
Yes
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR12881: OFFER OF UNITS IN PMG DIRECT OFFICE FUND
Scheme
SCH10921: PMG DIRECT OFFICE FUND
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
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Interested in investing in this offer? Visit the provider's website.