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Concerns raised as Nido investors canvassed about adding in more money 8 Apr, 2021 05:00 PM 6 minutes to read Magsons, trading under the Nido brand, collapsed into receivership on Friday. Video / Will Trafford Investors who poured money into a scheme used to fund development of the failed Nido homeware store in West Auckland have been asked if they are willing to commit more funds in order to retain ownership of the building. This comes as fresh concerns are raised about the original investment scheme that saw retail investors contribute around half of the $62 million raised for the project. The Nido store was built on land paid for with $30m raised by Maat Consulting through a proportional share ownership scheme and $25m of debt from Pearlfisher Capital, a non-bank lender half owned by investment bank Jarden. ....
Press Release – Oyster Property Group Leading New Zealand commercial property fund manager Oyster will re-open the industrial fund, Oyster Industrial Limited. Oyster Industrial was launched in October 2019, initially acquiring two recently built industrial properties in Wiri, Auckland. The … Leading New Zealand commercial property fund manager Oyster will re-open the industrial fund, Oyster Industrial Limited. Oyster Industrial was launched in October 2019, initially acquiring two recently built industrial properties in Wiri, Auckland. The first equity raise was fully subscribed early. The launch of the industrial investment opportunity at the time allowed investors to participate in New Zealand’s top-performing property asset class at an affordable price point. ....
Press Release – Oyster Property Group Leading New Zealand commercial property fund manager Oyster will re-open the industrial fund, Oyster Industrial Limited. Oyster Industrial was launched in October 2019, initially acquiring two recently built industrial properties in Wiri, Auckland. The … Leading New Zealand commercial property fund manager Oyster will re-open the industrial fund, Oyster Industrial Limited. Oyster Industrial was launched in October 2019, initially acquiring two recently built industrial properties in Wiri, Auckland. The first equity raise was fully subscribed early. The launch of the industrial investment opportunity at the time allowed investors to participate in New Zealand’s top-performing property asset class at an affordable price point. ....
Press Release – Oyster Property Group Leading New Zealand commercial property fund manager Oyster will re-open the industrial fund, Oyster Industrial Limited. Oyster Industrial was launched in October 2019, initially acquiring two recently built industrial properties in Wiri, Auckland. The first equity raise was fully subscribed early. The launch of the industrial investment opportunity at the time allowed investors to participate in New Zealand’s top-performing property asset class at an affordable price point. Mark Schiele, CEO at Oyster has confirmed Oyster Industrial has contracted to purchase three additional industrial properties early in the new year and expects to open the fund’s second equity raise in the coming week. ....
Leading New Zealand commercial property fund manager Oyster will re-open the industrial fund, Oyster Industrial Limited. Oyster Industrial was launched in October 2019, initially acquiring two recently built industrial properties in Wiri, Auckland. The first equity raise was fully subscribed early. The launch of the industrial investment opportunity at the time allowed investors to participate in New Zealand’s top-performing property asset class at an affordable price point. Mark Schiele, CEO at Oyster has confirmed Oyster Industrial has contracted to purchase three additional industrial properties early in the new year and expects to open the fund’s second equity raise in the coming week. ....