Company News
Jasper, the specialist commercial real estate investment and asset manager, has successfully negotiated and executed a new nine-year lease to Washtech across a 6,120 sqm facility at 560 Rosebank Road in Auckland. The site boasts 4,400 sqm of high-stud Warehouse space which Washtech will use for manufacturing. Established in 1981, Washtech is New Zealand's largest commercial dishwashing equipment manufacturer.
The Heavy Industry Zoned site is strategically located within the major Industrial precinct of Rosebank and offers ready access to major transport routes, providing Washtech with access to a central node within Auckland’s logistics network. This asset sits within Jasper’s value-add logistics and industrial portfolio.
Jasper worked closely with the existing tenant (Steel & Tube) and Washtech to navigate operational complexities and ensure that each tenant's unique requirements were met as the site was reconfigured and the leases negotiated. Steel & Tube will remain on site as a significant sublease tenant, retaining their well-performing trade shop and warehouse.
Matt Bos, from Jasper’s Investment Management team, commented, “It was great to achieve a result that met the needs of all parties involved, while also delivering value for our investors. The long-term nature of the lease allows Washtech to execute its strategic growth plans at the site with confidence. The Rosebank location was key for Washtech, with its wider operations having been located in the precinct for some time. Jasper is excited to have the opportunity to build a long-term partnership with a leading local manufacturer.”
About Jasper: Jasper is a specialist commercial real estate investment and asset manager, representing global institutions and investors throughout New Zealand and Australia. Jasper provides investors access to real estate strategies across Australasia. Since 2019, Jasper has grown its AUM to over $340M and manages an annual rent roll of over $13M.
Matt Bos
Senior Investment Analyst
Posted on 1 Sep 2023
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.
Read Important Disclosures
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).
Risk of Loss: Investing in commercial real estate involves a high degree of risk and may result in partial or total loss of your investment. We encourage our investors to invest carefully. We also encourage investors to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish.
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.
FSPR No. 692011. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date.