FundSource adds Oyster to its research menu

Oyster Group’s Direct Property Fund is the first unlisted direct property fund in New Zealand to be given an ‘AA’ rating by FundSource.

The fund was launched in 2016, and is an unlisted PIE structured unit trust that holds a diversified commercial property investment portfolio providing investors an affordable way of investing in the commercial property market.

Oyster Chief Executive Mark Schiele says the fund has a value of around $40 million. It provides investors with diversified exposure to approximately $500 million in quality commercial property throughout New Zealand, monthly cash distributions or the ability to reinvest, and the potential for capital growth.

Schiele says the funds’ strategy is to invest in a range of commercial properties that fit the criteria and investment mandate which covers major urban locations, long-lease terms and quality tenant covenants.