Investors offered property shares
Wednesday 10 April 2013
Limited information is available about a fund that will allow investors to purchase a slice of an Auckland residential property portfolio.
By The Landlord
The scheme, which offer investors shares of parcels of three-bedroom houses, is in development.
It is understood investors will be required to hold their shares for a minimum of 11 years.
Up to 10 properties will be purchased in one group.
A prospectus is expected to be released within a few months.
Comments from our readers
No comments yet
Sign In / Register to add your comment
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.