colliers international opportunity

During the transition to retirement, the choices you make with money become even more important. That being said, finding the right investment is often easier said than done.

But there are opportunities. The syndication space in New Zealand has some exciting prospects for seniors looking for high-quality investments. As Gareth Fraser, Colliers’ Investment Sales Director, says, “Proportionate ownership is a great way for individual investors who might have previously only owned residential property investments to look at diversifying into commercial property and accessing the superior returns that are often available on commercial assets.”

One such opportunity has sprung in the Garden City. Silverfin Capital Limited, in conjunction with Colliers International’s Syndications Division, are seeking investors for 32 Oxford Terrace and 104 Victoria Street, two first-class commercial buildings strategically located in the Christchurch CBD. 634 interests of $50,000 each are available in the Oxford Victoria Scheme, which will acquire the A-grade buildings.

This opportunity would give seniors access to assets described by Cheryl Macaulay, managing director of Silverfin Capital, as being, “Well located, with great tenants, good lease tenures, and excellent seismic strength.”

32 Oxford Terrace

Fronting the Avon River, 32 Oxford Terrance occupies a prime position in the Christchurch CBD within the city’s newly designated Health Precinct. The six-level building’s primary tenant is CDHB, the second largest district health board in the country. After undergoing damage in the 2010/2011 seismic events, the property underwent substantial refurbishment work and is now considered an A-Grade building.

104 Victoria Street

Located amid the popular Victoria Street office and hospitality precinct, 104 Victoria Street is home to a leading global GPS company owned by US multinational Verizon, ranked 13th on the Fortune 500. The remaining tenancies include Chinwag Eathai, operated by renowned Kiwi restaurateur Tony Astle, and a boutique private gym. 104 Victoria Street has also seen substantial refurbishments to bring it up to A-Grade standard.

Investment Potential

The nature of these properties provides the key point of difference in this investment, giving investors exposure to a diverse range of tenants. As Colliers’ Syndication Investments Director, Charlie Oscroft points out, “80 per cent of the total tenancies (by floor area) are to either government tenants or a Fortune 500 business.” 

Seniors looking to invest in this scheme will enjoy the advantages of a wide-ranging, solid tenant mix that has the potential to provide diversified income across both properties.

Silverfin Capital Limited is the issuer of interests in the Oxford Victoria Scheme. A product disclosure statement for the offer is available. For more information, or for a copy of the PDS, you can visit Colliers International here.