Wholesale investment opportunity
Jasper Rosebank LP
A single-asset commercial real estate value-add opportunity to invest in a well-located and high-quality industrial facility with a robust income profile and strong potential for capital appreciation.
15%
Forecast Total Return (p.a)
5.7%
Forecast Avg. Pre-Tax Cash Return (p.a.)
$19.5M
Purchase Price
$23M
All in cost & CAPEX
9.0
WALE (As at July 2025)
$1.38 M
Annual Net Rental (At at July 2025)
Investment Overview
Jasper Rosebank LP
In late 2024, Jasper secured an off market opportunity to acquire an industrial property in the prime Auckland sub-market of Rosebank Road on highly favourable terms.
The asset was acquired at vacant possession value and Jasper oversaw the removal the incumbent tenant with an impaired lease to capture an immediate uplift in market rent.
A new nine year lease is now in place to national insurer, AA Insurance, which will drive a value uplift for investors on completion of the capital works programme.
AA Insurance are making a significant investment into refurbishing the asset and upgrading site infrastructure. The landlord will also construct a new ~370 sqm office block.
Successful execution of the asset management strategy will stabilise cash flows and lead to immediate positive value creation for investors.
Pre-tax forecast total return, comprising cash distributions and projected capital appreciation on an annualised basis, for the period from July 2025 to June 2030. Refer to Section 7 of the Offer Document for more detail.
Pre-tax forecast average cash return for the prospective period from July 2025 to June 2030. Calculated based on the average pre-tax distribution per-annum over a 5 year period. The first distribution payment is projected for July 2025. Refer to Section 7 of the Offer Document for more detail.
Net rental yield calculated as (Net Rental / (Purchase Price + Costs + Capex)), representing the forecast annual rental income as a percentage of all in costs.
Valuation of the Property as indicated in the independent valuation obtained from Savills (NZ) Limited in October 2024. All projections and forecasts are subject to assumptions set out in the Offer Document
Property
Constructed in 1993, the warehouse was expanded and refurbished in 2013 and sits on a 12,452 sqm light industry-zoned site comprising a modern warehouse with office and amenities.
The medium-stud warehouse provides access through five roller doors, with large canopy and yard area making the site attractive to a number of occupiers.
The warehouse measures approximately 5,832 sqm with a stud height of 9.2 m to the knee rising to 10.5m at the apex. Two canopies measuring 596 sqm are located along the northern face of the warehouse.
The existing office component consists of a 163 sqm ground floor office and a 71 sqm mezzanine area.
Tenants
A direct lease has been executed with AA Insurance who will use the Property as a customer-facing facility to assess motor-vehicle insurance claims.
Drive New Zealand, will sub-lease part of the site from AA Insurance and use the facility to carry out motor-vehicle collision repairs, using AA Insurance to provide a pipeline of motor-vehicle repair work.
Drive New Zealand is an Australian-owned company specialising in automotive and collision repairs and fleet maintenance. The wider Drive Group has 15 repair centres located across Australia. In May 2024, Drive New Zealand established a motor vehicle collision repair centre in Auckland. Drive New Zealand has indicated that it plans to establish multiple locations across New Zealand over the next 12 months.
AA Insurance has advised that this co-located facility will be the largest of its kind and their flagship facility as they roll out a wider nationwide network of similarly co-located assessment and repair facilities.
Location
Situated approximately 10 km from Auckland’s CBD and port, Rosebank Road is one of the most central industrial precincts in the Auckland region, with Auckland’s international airport also located within an approximately 20-minute drive. Rosebank Road in Avondale, Auckland, is considered a prime industrial precinct due to its strategic location, transport connectivity, and scarcity of industrial space.
For further information or to request a copy of the Information Memorandum, simply reach out to our investor relations team using the details below.
Not suitable for retail investors. This investment opportunity is only available to certain qualifying investors who do not require disclosure under Part 3 of the Financial Markets Conduct Act 2013. The Jasper Rosebank LP will not be a registered scheme under that Act, and the Offer Document is not a product disclosure statement. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself. The usual protections and disclosure requirements that apply to regulated offers do not apply to this Offer.
Footnotes
Pre-tax forecast total return, comprising cash distributions and projected capital appreciation on an annualised basis, for the period from July 2025 to June 2030. Refer to Section 7 for more detail.
Pre-tax forecast average cash return for the prospective period from July 2025 to June 2030. Calculated based on the average pre-tax distribution per-annum over a 5 year period. The first distribution payment is projected for July 2025. Refer to Section 7 for more detail.
Net rental yield calculated as (Net Rental / (Purchase Price + Costs + Capex)), representing the forecast annual rental income as a percentage of all in costs.
Valuation of the Property as indicated in the independent valuation obtained from Savills (NZ) Limited in October 2024.
All projections and forecasts are subject to assumptions set out in this document.
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.