Commercial property fund manager, Oyster Property Group, is meeting changing market needs with modern commercial property assets that will help shape the future of our cities. While residential assets may be the more familiar property investment option in New Zealand, unlisted commercial property funds o er an alternative to real estate ownership in a sector that is presenting exciting growth opportunities as the New Zealand commercial environment evolves. Oyster Property Group is one of New Zealand’s leading unlisted property fund managers and for more than twenty years, has been providing New Zealanders with easy access to commercial property investment opportunities. With $1.8 billion in assets under management, Oyster purchases quality properties of signi icant scale in the o ice, industrial, and large-format retail sectors, then executes strategies on behalf of its investors to deliver monthly income and the potential for long-term capital growth. Oyster Property Group’s General Manager – Property, Fabio Pagano, says it’s Oyster’s robust in-house management capabilities and value-add strategies that appeal to their investors. “Oyster investors are diversifying their portfolios with institutional quality real estate assets that are managed by experts and supported by long-term strategies to maximise their value. “We don’t just buy assets and sit on them – we’re active fund managers. A big part of this is the development and delivery of business plans designed to extract optimal returns from each property we manage on our investors' behalf.” Value for years to come Commercial property is a long-term play for investors. A future-focused approach is critical to maximising the fundamentals of this asset class,” says Pagano. “Our investment philosophy is to acquire quality, well-located properties in resilient sectors with robust long-term outlooks. Oysters' expertise lies in industrial, o ice, and large-format retail. “We then actively seek opportunities to increase the value of the asset over time. So while the investment is passive for our investors, it is anything but for the team at Oyster. “The way we work, live and play in New Zealand is evolving at pace – our focus is on positioning our properties to meet the needs of businesses, tenants and wider New Zealand, well into the future. “Alongside maximising our properties as they currently stand, we’re looking ahead to emerging property, infrastructure, work and lifestyle trends, alongside the master plans for New Zealand’s major economic regions, to ensure our assets are positioned to take advantage of further income and capital growth opportunities. “Our strategies aim to maximise leasing potential and income, asset usage, resilience, unitary plan alignment, capital value, and future sale potential. It is these factors that come together to optimise total returns for our investors.” The multi-use commercial developments and premium o ice parks in the Oyster portfolio demonstrate these strategies in action. Take the Central Park precinct in Ellerslie, Auckland, for example. Once a tired, underutilised business park, but with droves of latent potential, Central Park has evolved into one of New Zealand’s largest mixed-use commercial developments through a value-add strategy under Oyster's management. Born out of a partnership between Oyster and global investment irm KKR, Central Park is paving the way for the future of ‘live-work-play’ precincts in the Auckland region and delivering signi icant value to its investors, the 3,000 people who work there and the surrounding community. Today, the asset houses some of New Zealand’s most high-pro ile brands, including Bunnings, Bidfood, Turners & Growers, Estée Lauder, and government agencies such as Waka Kotahi NZ Transport Agency and KiwiRail – and the list keeps growing. Since the acquisition, the value-add strategy has delivered an aggressive leasing programme to lift occupancy to 95% and drive rental growth, an award-winning partnership with KiwiRail, which has established its Auckland Rail Operations Centre at the precinct, and new income streams, including The Green—an award-winning food and beverage precinct. Two adjoining residential developments and hotel accommodation further highlight the gravitation towards mixed-use precincts - and there’s further growth ahead, with successful consenting for additional titles, subdivision rights, and change-of-use already completed. Just down the road, Oyster has transformed the Millenium Centre business park into a vibrant, modern, green working environment that has attracted the likes of Loreal, Z Energy, Gri ins, Toyota, adidas, EnviroWaste and Siemens as tenants. Strategically located close to major arterials and public transport routes, with ample car parking, the Centre comprises seven freestanding o ice buildings, a gym, end-of-trip facilities, a tennis court, and various food and beverage o erings. “From SME’s through to large multinationals, businesses continue to seek and sign long-term o ice leases at Oyster’s properties, but the way tenants use o ice space is changing – and our assets and strategies are evolving with them. “We are responsive to this environment by supporting our tenants to create lexible, modern workspaces that suit new organisational and operational structures, foster connectivity and attract great talent by enhancing the employee experience. “The Millenium Centre strategy has delivered on this, and we’re seeing the results in strong leasing momentum, rental growth, and the potential for capital appreciation of the property. “There is more to come – exploration of new value-add projects to drive additional revenue streams, and master planning investigations are already underway for the Centre as we seek to derive even more value for our investors.” Sustainable growth Pagano says Oyster’s sustainability strategy plays a critical role in unlocking future value for investors through resilient, future-proof assets. New Zealand’s largest companies are now required to make climate-related disclosures across their operations, a standard that appears likely to become best practice for all businesses in the future. Many organisations also mandate sustainability credentials as part of leasing and procurement policies. “We’re seeing increasing demand from tenants for commercial spaces that meet their own sustainability requirements today and for landlords that will partner with them as they advance their ESG strategies in the coming years. “We’re meeting this demand by continuously advancing our portfolio to o er market-leading sustainability credentials. “This includes smart water and electricity meters across all assets, a NABERSNZ and Greenstar rating programme, installing EV charging stations in partnership with our tenants, and our enrolment in the CarbonReduce certi ication programme from Toitū Envirocare.” Oyster is currently pursuing it irst Green Star Design & As Built rating on a current Business Park development and planning for the portfolio’s irst carbon-neutral asset. Investing in tomorrow For more information on the Oyster Property Group portfolio and current investment opportunities: oystergroup.co.nz We make it simple to invest in quality, sustainable commercial property assets – without the hassle of hands-on management. oystergroup.co.nz | hello@oystergroup.co.nz Investing in the way we work, for today and tomorrow. Central Park 660 Great South Road, Ellerslie. Central Park 660 Great South Road, Ellerslie.
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