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central city equity investment opportunity: MAAT Group


Maat Consulting Ltd is offering an equity investment opportunity in a new company, Victoria Property Investment Ltd, which has been formed to purchase the property at 99-123 Victoria Street, Christchurch.

 

This investment has 7,226.2 m² of net lettable area, spanning four levels of fully tenanted office space at 123 Victoria Street, plus a ground floor designed for the hospitality industry.

It also includes a land holding adjacent to 123 Victoria Street which is used for additional carparking.

Number 123 Victoria Street is the address of the offices of Nexia Christchurch Ltd, Alliance Group Ltd, Pacific Radiology Group Ltd, and NZ Merino Company Ltd who together occupy approximately 93% of the total available space.

This property is proudly presented as part of the rebuild of Christchurch as it continues to develop as a modern and well-designed city.

Features of this investment to note are:
• The building was completed
in 2017
• The weighted average lease term is 8.15 years
• There are 106 carparks available
• The property is located on the west side of Victoria Street and just north of Salisbury Street, nestled among the outlying area of the main business district. It offers easy access to the central business district of Christchurch with the Victoria Clock Tower and the Christchurch Casino less than a flat five-minute walk away
• It is intended to be registered as a PIE investment, limiting the top tax rate to 28 percent
• The projected cash return for the next two years and nine- month period is 7.25% *p.a, before tax, payable monthly.
This property is proudly presented as part of the rebuild of Christchurch as it continues to develop as a modern and well-designed city. It will be managed by Maat Consulting Ltd, an experienced commercial property manager.

Maat Consulting Limited is now into its 10th year of offering investments in commercial property to a broad range of the New Zealand public.

Based in Albany, the company now manages a portfolio of 14 properties throughout New Zealand.

These properties have a range of national and international tenants.

Maat Group continues to select quality properties which have quality tenants, in order to maximise returns for investors.

A copy of the Product Disclosure Statement and Supplementary Document (post COVID19) are available and may be obtained from Maat Consulting Limited by contacting:

Managing Director
Neil Tuffin: 021 481 441 or
ntuffin@maat.co.nz

Or Investor Relations Manager
Jodi Tuffin: 021 084 42523 or
jtuffin@maat.co.nz

Or the Maat Office on 09 414 6078.

Our offices are located at B4, 17 Corinthian Drive, Albany, Auckland.

*projected pre-tax return, per annum, payable monthly. The offer is made in accordance with the Financial Markets Conduct Act 2013.


 

Maat Group: Putting your investment dollar to work


Equity Investment Specialists, Maat Group, continues to bring value to the national commercial landscape and investors alike.

Metropol talks to Managing Director Neil Tuffin about how commercial property equity investment can make your dollar work harder for you.


What does the Maat Group offer and what does your name mean?
Maat Group is a commercial property equity investment company. Maat Group adopted the Egyptian goddess Maat as its symbol; she’s the goddess of truth, justice and balance.


What is commercial property equity investment?
It’s the purchase of commercial property as a direct property investment. By investing as a shareholder in a company formed for the purchase of an investment, the investor is able to purchase a larger property with a better yield than what is available if purchasing as an individual. The shareholder becomes a part owner in the property, along with other investors. The property is fully managed for investors including property management, financial management and general administrative duties.


How long do investors have to leave their money in the investment for?
Our equity investments don’t have any fixed time frame. Investors are encouraged to remain in the investment long term as this passive investment can provide capital gain over time. If circumstances arise that mean an investor has to exit, we can assist with this and facilitate the sale of these shares to the incoming investor. You can contact us for further clarification on our exit process at any time.


Do you charge any investment fees?
The company formed to purchase the investment property pays for the management for the property along with additional expenses such as accounting or audit fees. These are paid from the rental income of the property and don’t affect the distribution rate. The fee structure is set out in the product disclosure statement (PDS) which is available at the time of investment.


How often do investors receive distribution payments from you and is it taxed?
We distribute our returns on investments on the 20th day of each month. If you’re invested as an individual or as a joint partnership, we’re required to deduct your tax portion prior to your distribution payment each month. Our investments are run as a PIE investment with the tax rates of 10.5 percent, 17.5 percent and 28 percent. If you’re invested under a trust or company, you may elect a zero percent tax rate for your investment.


What is the minimum investment?
The minimum investment for our equity investments is $25,000. You can purchase multiple shares in each investment up to a maximum of 20 percent of the share parcels on offer.


Do investors earn capital gain?
The capital gain would be paid at the time of the sale of the property. Investors may receive a capital gain payment in addition to their original share price if the property is sold in excess of the original purchase price