Quarry Capital

Our Places

Duke Street Limited Partnership

Property	Large commercial property situated at 17 Duke Street, Sawyers Bay, Dunedin comprising a 7,700sqm warehouse and offices. Currently under construction, due for completion during November 2021
Tenant	Leading South Island transport and distribution business Hilton Haulage
Purchase	The land was purchased in March 2021 for $4.0m and the buildings purchased for a fixed construction price of $12.725m, settling in June 2021
Structure	Limited Partnership comprising of 404 partnership interest shares of $25,000 each
Returns	Pre-tax cash distributions of 4.0% p.a. paid monthly during construction and 7.0% upon completion
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Level 2, BOXed Quarter, 270 St Asaph Street
Christchurch, 8011
PO Box 454, Christchurch 8140
+64 3 345 8880
syndicates@quarrycapital.co.nz

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Quarry Capital

Our Places

Duke Street Limited Partnership

Get in touch