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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
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