| 113 PROPERTY Mackersy Property Experts in Everything Property. cbre.co.nz For expert commercial property advisory & valuation advice across the South Island, contact your local CBRE team. Construction Cost Consultants Project Managers Southern Quantity Surveyors 109 Gala Street, INVERCARGILL Ph: 03 218 6544 Web: www.sqs.co.nz We are proud to be providing financial administration and engineer to contract services on this landmark Mackersy Property: 128 Spey St, Invercargill “Every dollar counts” T T Russell Fredric Experience counts in property investment Mackersy’s investment and transactions director, Adam Copland - the company is seeing positive activity in Queenstown, Wānaka, Cromwell and Dunedin. Mackersy Property sees excellent opportunities in the South’s agriculture-backed economy, where commercial property offers investors income potential and portfolio diversification. The company arranges commercial property investments and manages assets for investors, combining due diligence, leasing, finance, and property management. Its current investment focus is primarily in Queenstown, Wānaka, Christchurch, Invercargill and Dunedin. Mackersy’s investment and transactions director, Adam Copland, says parts of New Zealand are struggling to emerge out of challenging economic conditions, and it is currently a game of two halves between the North Island and the South Island. The company is seeing positive activity in Queenstown, Wānaka, Cromwell and Dunedin, where capital is flowing into both residential and commercial property, while Invercargill is also benefiting from a variety of developments. “There seems to be a lot of good stuff happening; large projects, and on the back of that, small projects coming out of the ground in Invercargill and surrounding areas,” says Adam. While market conditions south of Christchurch have been more positive, supported largely by agriculture, Mackersy has been experiencing a plateau in new business in the lead-up to the election. For investors approaching retirement and looking for options – including those who have KiwiSaver funds available or coming due – investment in commercial property can form part of a broader investment portfolio. Mackersy has reduced its minimum investment requirement from $200,000 to $250,000 to $50,000, making it easier for investors to diversify their holdings. Adam encourages people to assess their overall portfolios and consider whether a portion could be allocated to property or another alternative asset class. Mackersy’s investments are fully managed. The company undertakes due diligence, establishes the investment, reports to investors, arranges monthly payments and manages the property. Investors can also consider the secondary market if they want to sell, although a sale is not guaranteed. A recent Southland project, the Department of Conservation building, is now completed, with the department moved in. Mackersy helped arrange the lease and construction contract before establishing Ashburton Licensing Trust as the owner. Adam says securing the lease took time, but once work began, the building was completed on time and on budget. The company is currently redeveloping a key office building in Invercargill. While the tenants cannot yet be disclosed, Adam says quality occupiers have been willing to make substantial commitments, an encouraging sign in a market where office leasing has been difficult. Mackersy draws on about 35 years of experience among its founders and current leadership, along with a portfolio and tenant network that help the team understand activity around New Zealand. Mackersy Property’s strong regional roots have seen it grow to manage more than $2.2 billion of assets, becoming New Zealand’s largest private-property investor. The company has offices in Queenstown, Christchurch, Dunedin, Tauranga and Hamilton, which support management of more than 200 commercial properties and 460 tenants nationwide on behalf of more than 2800 investors. Many of the commercial and industrial buildings are iconic landmarks in cities and towns from Kaitaia to Invercargill. “We all live and breathe property; that’s what we’ve always done,” Adam says. “We know what to look out for when things can go wrong, and we’ve got a really good track record of getting things done in the way that we said we were going to get them done.” “There seems to be a lot of good stuff happening; large projects, and on the back of that, small projects coming out of the ground in Invercargill and surrounding areas...”
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