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Desi Place Limited Partnership

Property Commercial property situated at 330 – 344 Port Hills Road, Hillsborough, Christchurch comprising six warehouses with a seventh presently under construction.
Tenant Leading South Island transport and distribution business Hilton Haulage
Purchase June 2019 for $30.5m; with a further building presently under construction by the tenant and purchased by the syndicate for a fixed price of $7.0m upon completion
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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