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Press Release – PMG Property Fund Unlisted commercial property funds manager PMG Property Funds Management Limited (PMG) has fully subscribed an offer to raise $68 million in its flagship fund, Pacific Property Fund Limited (the Fund). PMG Chief Executive Officer Scott …
Unlisted commercial property funds manager PMG Property Funds Management Limited (PMG) has fully subscribed an offer to raise $68 million in its flagship fund, Pacific Property Fund Limited (the Fund).
PMG Chief Executive Officer Scott McKenzie says the offer – in one of New Zealand’s largest directly-held and unlisted commercial property funds – is the largest opportunity the company has brought to market to date.
Press Release – PMG Property Fund
Unlisted commercial property funds manager PMG Property Funds Management Limited (PMG) has fully subscribed an offer to raise $68 million in its flagship fund, Pacific Property Fund Limited (the Fund).
PMG Chief Executive Officer Scott McKenzie says the offer – in one of New Zealand’s largest directly-held and unlisted commercial property funds – is the largest opportunity the company has brought to market to date.
“Given the current low interest rate environment, the attractive return that Pacific Property Fund Limited is offering investors, and the Fund’s highly diversified nature, we knew there was going to be considerable interest from the public to invest,” Scott McKenzie says.