PMG Funds

The Reserve Bank of New Zealand’s recent official cash rate (OCR) reduction by 50 basis points to 4.25% signals a promising turning point for the economy. Lower interest rates, easing inflation, and steadying consumer confidence are setting the stage for a recovery in the commercial property sector leading into 2025. More resilient industries like large-format retail and professional services are leading the way, while demand for high-quality, sustainable spaces continues to grow. Investors, too, are showing renewed interest as term deposit rates trend down, highlighting the appeal of yield-focused assets like commercial property. At PMG, we’ve been preparing for this shift—strategically acquiring properties and maintaining robust financial foundations to seize opportunities as they arise. The path to recovery is underway. How will you position yourself for growth? 👉 Learn more from our CEO Scott McKenzie here: https://lnkd.in/gYUpm5H6   Scott McKenzie, Tina (Lee) Burns, Nigel Lowe, Mike B., Matt McHardy, Ben Cant, Rory Diver, Susan Jamieson #CommercialRealEstate #OCR #EconomicOutlook #Sustainability 

At PMG, we are committed to being the property partner of choice for our tenants, collaborating closely to meet their evolving needs and providing spaces that enable businesses to thrive. We are delighted to welcome Swell, who secure innovation funding for businesses, to their new home on the ground floor of 70 Gloucester Street, owned by Pacific Property Fund Ltd. Located in the heart of Christchurch’s CBD, this modern A-grade property is well-designed, surrounded by quality amenities, and excellent transport links, ensuring convenience and accessibility for our tenants. We look forward to supporting Swell’s growth and success in their new location. Susan Jamieson Rebecca Gregg Tina (Lee) Burns Scott McKenzie Matt White Massimo Crestanello PFMANZ CBRE Mitchell Wallace #SwellGroup #ChristchurchCBD #PropertyPartnerOfChoice

Wishing you a wonderful holiday season 🎄 As the year draws to a close, we hope your festive season is filled with joy, celebration, and cherished moments with friends and family. May the new year bring continued success, fulfilment, and prosperity. Our PMG offices will close at 5pm on Friday, 20 December 2024 and reopen at 8am on Monday, 13 January 2025. More on our holiday opening hours and contact information here: https://lnkd.in/d8ZAiDcF Thank you for your support throughout the year – we look forward to working together in 2025!

Are you a skilled property professional with a talent for building strong relationships?   Join PMG as an Asset Manager and play a pivotal role in shaping exceptional experiences for our tenants and delivering value for our investors. This high-profile position is your opportunity to make an impact, contribute to our success, and solidify our reputation as the property partner of choice in commercial property.   Think you’ve got what it takes? Find out more and apply here: https://lnkd.in/gX_eqUsz Scott McKenzie, Susan Jamieson, Tina (Lee) Burns, Claire Tucker, Matt White, Jamie Reid, Simi Mukherjee, CFMANZ, Massimo Crestanello PFMANZ, Celia Bowling, Helena van den Berg, Rebecca Gregg, Lauren Todd, Lloyd Clark, Hayley Barnard, Finlay Ansell-Jones, Cecile F.

2024 has been a year of cautious optimism. Inflation has eased to 2.2%, and interest rates are starting to decline, signaling a stabilising economy. However, term deposit returns are expected to continue reducing - a trend likely to continue into 2025*. With the commercial property market at or around the bottom of its cycle, falling interest rates and a steadier economic outlook are opening new opportunities for long-term investors focused on income and growth in value over the long-term.   👉 Read more: https://lnkd.in/gxpHT_C5   Scott McKenzie Matt McHardy Rory Diver Ben Cant Mike B. Tina (Lee) Burns Susan Jamieson Nigel Lowe #investmentoutlook #commercialproperty #NZeconomy #2024recap *ASB, Term Deposit Report, 17 October 2024

Last weekend, our fantastic Shopping Centre Manager at Bethlehem Town Centre, Lauren Todd, took courage to new heights by skydiving to support the Graeme Dingle Foundation—making a real difference for our local tamariki and rangatahi. In addition to a thrilling morning soaring through the sky, Lauren raised an impressive $2,380! Her efforts help fund life-changing programs like Kiwi Can, Stars, Career Navigator, and Project K, which reach 3,800 young people weekly to build resilience, confidence, and essential life skills. Altogether, the Drop For Youth 2024 event raised over $70,000—a truly remarkable collective effort. Thank you, Lauren, and to everyone who joined in to support this cause. Together, we’re helping our youth rise to life’s challenges. #YouthEmpowerment #GraemeDingleFoundation #DropForYouth Lauren Todd Susan Jamieson Claire Tucker Dan Weck Tina (Lee) Burns Matt White Scott McKenzie

We’re pleased to introduce an opportunity for wholesale investors to invest in 390 Prestons Road LP. This large-format retail development in Christchurch is anchored by Mitre 10, one of New Zealand’s most trusted names in home improvement. -12%+ p.a* target gross 3-year internal rate of return - 6% p.a* target gross cash return, paid quarterly Visit our website to learn more: https://lnkd.in/g7CXwrTZ Key investment highlights: - Secure tenancy: 20-year head lease with Mitre 10, a national home improvement brand - Strategic location: Positioned in Christchurch’s north-eastern growth area with a supportive demographic profile - Zoning advantage: Limited availability of comparable zoned land supports market demand - Quality construction: Developed by Tuatara Structures meeting Mitre 10’s specific design requirements - Experienced operator: Operated by Ferrymead Hardware, the team behind Ferrymead Mitre 10 Mega As Christchurch continues its growth trajectory, 390 Prestons Road LP represents a carefully selected opportunity for wholesale investors seeking regular income and the potential for capital growth. Reach out to explore how this offering might fit within your portfolio. Scott McKenzie Nigel Lowe Matt McHardy Mike B. Steve Williams Susan Jamieson Ben Cant Rory Diver Tina (Lee) Burns  #CommercialRealEstate #InvestmentOpportunity #Christchurch #PMG *Indicative targets only, are subject to change, and based on certain assumptions. There is no guarantee of future performance. Disclaimer: This investment opportunity is only available to “wholesale investors” under the Financial Markets Conduct Act 2013. Prospective investors will be required to provide documentation and evidence that they qualify as a wholesale investor.   The information above about PMG’s Christchurch investment opportunity is not an offer of financial products. It is not financial advice and does not take any person’s individual circumstances or financial situation into account. There are risks to every investment, and investment returns are never guaranteed. Investors should always consider obtaining their own tax, legal, and financial advice before making any investment decision.    Read the full disclaimer on this investment opportunity at https://lnkd.in/g7CXwrTZ

Being a property partner of choice means prioritising our stakeholders’ needs in everything we do. A prime example of this is our partnership with Sunergise where together we’re driving a key sustainability initiative—installing solar power systems across select commercial properties, all with no capital outlay for tenants, investors, or PMG. The result? Cleaner, more affordable energy for tenants. Here’s a glimpse of the impressive savings over just six months: • Red Beach (Early Childhood Education): 34.8% energy savings • Druces Road (Warehouse): 36.4% energy savings   You can read more about our partnership here: https://lnkd.in/g_XdVFX9 These results underscore how our commitment to renewable energy is delivering cost and energy efficiencies while attracting conscious businesses that prioritise sustainability. For investors, this approach means longer-term value creation, stronger tenant retention, and future-proofed properties that meet the growing demand for green solutions. Partnering with forward-thinking leaders like Sunergise is a step toward building a sustainable future for commercial real estate. Susan Jamieson, Simi Mukherjee, CFMANZ, Tina (Lee) Burns, Scott McKenzie, Jamie Reid, Massimo Crestanello PFMANZ, Celia Bowling, Helena van den Berg, Matt White, Lloyd Clark, Rebecca Gregg, Lauren Todd, Hayley Barnard #Sustainability #CommercialRealEstate #SolarEnergy #RenewableEnergy #PMGFunds

Spaceworks Interior Architecture has been one of our long-standing partners, and together we’ve completed over 20 projects that align with our commitment to being the property partner of choice. Our recent project at Tuam Street, Christchurch features modern, sustainable end-of-trip (EOT) facilities, designed to enhance tenant wellbeing and deliver real value. This space combines style and functionality, fully supporting our sustainability and wellness goals. A key achievement is the 60% waste diversion rate, highlighting our shared approach to environmentally responsible development while also showing our shared focus on creating spaces that attract tenants and promote wellbeing. Check out Spaceworks’ video to see how they’re helping us shape impactful spaces. We’re proud of what we’ve achieved and look forward to continuing to raise the bar. #Sustainability #TenantWellbeing #PropertyPartnerOfChoice #CommercialRealEstate #Partnership Simi Mukherjee, CFMANZ Massimo Crestanello PFMANZ Susan Jamieson Jamie Reid Tina (Lee) Burns Matt White Rebecca Gregg Helena van den Berg Hayley Barnard Lloyd Clark Scott McKenzie Lizzi Whaley Celia Bowling Lauren Todd

Ready for the NZ Property Investors Federation Conference 2024? We are! PMG is excited to be a Gold Sponsor at this year’s event in Christchurch, from 18-20 October. Be sure to visit us at Stand 1 at Te Pae Christchurch Convention Centre, where you can connect with our Investor Relationships team – Matt McHardy, Ben Cant, and Rory Diver. Let’s discuss how commercial property investment could help you achieve your financial goals. NZPIF is running two exclusive bus tours at 12pm & 2pm (two buses per tour), with stops at two of our properties 213 Tuam Street and 123 Victoria Street. Ben and Matt will provide behind-the-scenes insights into these premium, Grade-A office buildings right in the heart of Christchurch. Whether you’re a first-time property investor or an experienced pro, this is a fantastic opportunity to network, gain valuable insights, and explore exciting investment opportunities in commercial real estate. See you there – it’s going to be a great weekend! #NZPIF2024 #CommercialProperty #Networking #PMGFunds #Christchurch #PropertyInvestment Tina (Lee) Burns Scott McKenzie Kay Karl Susan Jamieson