Our Places
Desi Place Limited Partnership
Property | Commercial property situated at 330 – 344 Port Hills Road, Hillsborough, Christchurch comprising seven warehouses. |
Tenant | Leading South Island transport and distribution business Hilton Haulage |
Purchase | June 2019 for $30.5m. A seventh warehouse was constructed at a cost of $7.0m and completed in May 2020. |
Structure | Limited Partnership comprised of 2,090 partnership interest shares of $10,000 each |
Returns | Pre-tax cash distributions of 8.0% p.a. paid monthly; forecast return of 8.3% p.a. by year 2021 |
Imagery |
![]() ![]() ![]() ![]() |