Last year PMG partnered with listed Australia based investment and funds manager, 360 Capital, through its parent company PMG Holdings Limited. This partnership was impart an opportunity for PMG to continue to grow sustainably and have the ability to acquire high-quality New Zealand property swiftly.
Recently, 360 Capital, announced to the ASX some impending changes to its funds, with a view to growing its portfolio of funds under management. These changes present further exciting opportunities for PMG, to access capital and quality assets for our five unlisted commercial property funds.
Following due diligence and the satisfaction of a number of conditions, 360 Capital intends to transfer their holding in PMG Holdings Limited from one of their property entities into their main group entity. This is in line with their refreshed strategy of growing funds under management within the group. Currently, PMG sits within 360 Capital REIT which is focussed on investing directly into real estate.
In addition, 360 Capital, in partnership with Charter Hall (a leading property investment management company), has a take-over offer on the table for ASX Listed property funds manager, Irongate (a multi-sector property investment and asset management company). Should the deal proceed, this would see 360 Capital take ownership of several significant office building assets in Australia and New Zealand. This transaction is in line with PMG’s strategy to build on our strong partnership with 360 Capital to create the opportunity to continue to secure high quality real estate for our unlisted funds, continuing to build income resilience and therefore sustainable cash returns for investors.
We will keep PMG investors updated on these developments.
Microsoft Word - Irongate_ASX Announcement_CHC (irongategroup.com.au)
With a range of investment funds to suit New Zealanders of all ages and stages, it's easier than you may think to invest. Give one of our knowledgeable pmg Investor Relationships Managers a call for a no-obligation chat, or visit our FAQ page.
To start investing with PMG, register your contact details via phone or email. Alternatively, make an enquiry via our contact form and we’ll have someone from our Investment Relationships Team meet you.
Watch PMG’s history video to learn more about our approach to commercial property investments, along with the five funds within the company. We encourage you to speak with a friend or family member who knows us, and we also recommend you chat with a Financial Advice Provider for specific advice to suit your unique situation.
Look through our current investment offers to find the right PMG fund to suit you. After downloading, carefully review the associated Product Disclosure Statement(s) for the offer(s) you’re interested in. Investing with us is straightforward – either apply online using our secure and confidential investor portal, via the printable form on each fund page, or reach out to your local PMG office to fill out the relevant paperwork.
Our lines of communication are always open. If you have any questions, reach out to your local PMG Investor Relationships Manager. Whether it’s a general catch up or discussion around the latest developments with your investment, we’re here to help.
