Oyster Property Group Ltd’s $23 million syndication of the Home Straight Business Park at Te Rapa has been fully subscribed within a week.
Demand for syndicated properties is exceeding the number of offers coming to market and investors need to get in quick to avoid disappointment.
Colliers International’s latest capital raising for the Home Straight Business Park 5km north of the Hamilton cbd lasted just a week.
Colliers’ national director of syndication investments, Tim Lichtenstein, said today the offer of 255 interests of $50,000 was structured to allow for 2 phases of allotment, primarily to accommodate the Christmas period.
“However, demand for this offer was extremely high and we received applications for the full $12.75 million equity contribution within the first week of marketing.”
Mr Lichtenstein said the agency had some exciting new investment opportunities coming to the market in 2016.
Attribution: Agency release.