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Jasper closes substantial East Tamaki holding for just over $40m

Jasper closes substantial East Tamaki holding for just over $40m

Jasper, the technology-led commercial real estate fund manager, has completed the acquisition of an industrial asset in East Tamaki for just over $40 million. The acquisition is one of two assets that will seed a new industrial fund targeting Value-Add logistics and industrial investments across the wider Auckland region. This will be Jasper’s third industrial fund, with the previous two focusing on Core and Income-Plus strategies.

East Tamaki remains one of Auckland’s largest and most popular industrial precincts, located less than 20kms to the CBD and 18kms to Auckland airport. This asset benefits from close proximity to the Highbrook motorway interchange, making it attractive and accessible to industrial occupiers.

Mark Campbell, Chief Investment Officer at Jasper, commented: “In light of the increased demand for urban logistics assets, which has only accelerated due to the growth of e-commerce during the pandemic and ongoing supply constraints, we are very pleased to have completed this substantial acquisition of a high-quality asset with excellent connectivity to major road networks. We are looking forward to adding additional assets to this, and other funds, in the coming weeks”.

Mark Campbell - Jasper

Mark Campbell

CEO & Executive Director

Posted on 5 May 2021

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Important Disclosures

Liquidity Not Guaranteed: Jasper offers secondary market functionality on its platform from time to time, however, there is no guarantee that you will be able to exit your investments on the secondary market or at what price an exit (if any) will be achieved.

Performance Not Guaranteed: Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this website will be profitable, or equal any corresponding indicated historical performance level(s).

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No Personal Advice: Jasper does not provide personal advice or recommendations. The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. It is important for you to consider these matters and to seek appropriate legal, tax, and other professional advice before making a decision.

Wholesale Offers: Jasper currently only offers financial products to wholesale (or other qualifying) investors. Jasper does not currently hold a Managed Investment Scheme (MIS) license and our products are not suitable for retail investors.

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