Jasper, a technology-led fund manager, has completed the purchase of 121 Hugo Johnston Drive in Penrose. The acquisition is the latest addition to its rapidly growing industrial fund targeting value-add logistics and industrial investments across the greater Auckland region. Jasper has now closed over $250m in industrial acquisitions in the last six months.
Penrose is one of the closest industrial precincts to Auckland CBD and continues to be one of the best performing locations within Auckland, where increased demand from tenants and investors exceeds supply. This prime logistics asset comprises high stud warehousing across approximately 12,000 sqm, with quality office accommodation in a Heavy Industry zone.
Simon Felton, Head of Acquisitions at Jasper, commented, "Geographically, Penrose is incredibly important in Auckland’s logistics network - close to motorway connections and the CBD, this location is ideally positioned to rapidly and efficiently service Central Auckland suburbs. From a property perspective, the building is a modern, high stud logistics facility supported by ample car parking. The combination of both these factors makes 121 Hugo Johnston Drive standout as a valuable addition to our portfolio."
CEO & Executive Director
Posted on 20 Oct 2021
Our expertise in acquiring and managing real estate assets, combined with our proprietary technology, helps us generate strong risk-adjusted returns for a diverse range of investors.
Jasper is an experienced operating partner for family office and institutional investors wanting access to high-conviction real estate strategies across Australia and New Zealand. We co-invest alongside our partners in each joint venture.
We are proud of our track record and relationships with some of the biggest names in real estate, including Blackstone.
We provide private investors with curated opportunities, low minimums, transparent reporting and improved liquidity. All available through our secure online portal.
We manage the entire investment process for you from start to finish; you sit back and enjoy direct commercial property ownership and the passive income it can provide.
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