The issuer of this investment has indicated that a minimum of $5,937,500 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
$9,500
This is the minimum amount you would need to put into this in order to invest.
Closing date
28 Nov 2023
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 Direct Office Fund PDS 3 November 2023.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.
3. Financial Statements - PMG Direct Office Fund YE 31 March 2021.pdf
4. Financial Statements - PMG Direct Office Fund YE 31 March 2022.pdf
5. Financial Statements - PMG Direct Office Fund YE 31 March 2023.pdf
Prospective Financial Information.pdf
9 Valuation Report for 213 Tuam Street, Christchurch.pdf
10. Section 60 FMCA Consent for 213 Tuam Street, Christchurch.pdf
11. Valuation Report for 152 Fanshawe Street, Auckland.pdf
12. Section 60 FMCA Consent for 152 Fanshawe Street, Auckland.pdf
13. Valuation for 65B Main Highway, Auckland.pdf
14. Section 60 FMCA Consent for 65B Main Highway, Auckland.pdf
15. Valuation for 410 Victoria Street, Hamilton.pdf
16. Section 60 FMCA Consent for 410 Victoria Street, Hamilton.pdf
Other Material Information.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.
SIPO - PMG DOF- Oct 2024.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
03 November 2023
Date opened
13 November 2023
Date closing
28 November 2023
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
OFR13655: OFFER OF UNITS IN PMG DIRECT OFFICE FUND
Scheme
SCH10921: PMG DIRECT OFFICE FUND
Next steps
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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.