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Bayleys Funds and Investment Products - Previous Offers

Mercury's New Headquarters, 33 Broadway, Newmarket, Auckland

Offer Open date: 12 April 2017

Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)

This offer provided the opportunity to invest in the development of a brand new, premium 5 green star office complex located on a prime corner site at 33 Broadway in the well regarded suburb of Newmarket, Auckland.

The building is now complete and features the new headquarters of one of New Zealand's largest and most well-known companies, Mercury NZ Limited. Mercury is listed on both the NZX Main Board and ASX and majority owned by the New Zealand Government. Mercury currently leases approximately 60% of this state of the art complex on a 12 year lease (from completion of the development) with two rights of renewal of six years each. The other major office tenant is Tegel Food Limited, the main operating subsidiary of NZX listed Tegel Group Holdings Limited, New Zealand's market-leading poultry producer.

The forecast pre-tax return was 7%pa for the first three financial periods. The number of enquiries received from potential investors, along with the number of investors was the greatest to date.

Details of how the return is calculated and the risks associated with the investment are set out in the original Product Disclosure Statement
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