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Jasper welcomes Power Retreads to Papakura Asset

Jasper, the specialist commercial real estate investment and asset manager, has successfully signed a new four-year lease to Power Retreads at Hunua Road in Papakura, Auckland.  Power Retreads will use the site to recycle a variety of commercial vehicle tyres.

With operations spread across the North Island, Power Retreads has a 37-year history in New Zealand’s tyre and retreading industry and is independently owned and operated. The business plays a key role in the circular economy of New Zealand’s auto industry, by enabling the recycling and reuse of tyres.

The Heavy Industry Zoned site is strategically located within the industrial precinct of Papakura and offers ready access to key transport links heading north and south on SH1. This was reflected through robust tenant demand during the short leasing campaign. The asset sits within Jasper’s wholesale private investor Industrial Income Plus Fund.

Jasper was pleased to work alongside Roman van Uden, who was instrumental in securing Power Retreads at Hunua Road.

Vernon Sequeira, from Jasper’s Investment Management team, commented, “It's great to welcome the team at Power Retreads to our asset at Hunua Road. We were able to relet the space with no downtime and assist Power Retreads in finding a suitable site in a low-vacancy market.  Businesses involved in the circular economy play an increasingly important role in New Zealand and Jasper is proud to partner with a leading operator in this space. We look forward to working closely alongside Power Retreads at Hunua Road as they continue to grow and expand.”

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 $350M and manages an annual rent roll of over $13M.

Vernon Sequeira - Jasper

Vernon Sequeira

Investment Manager

Posted on 31 Oct 2023

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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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