Overview
The Industrial Income Plus Fund is a wholesale-only, open-ended commercial real estate fund managed by Jasper, based in Auckland. It focuses on industrial properties in Auckland, investing across multiple assets within that sector. The evergreen structure allows for ongoing participation rather than a fixed wind-up date, and the fund is available to wholesale investors only.
Fund Overview
Multi-asset commercial real estate fund focused on industrial properties in Auckland
Asset Class
Property
Structure
Unit Trust (PIE)
Fund Size
NZD $75.5M
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Quick Info
This information is for wholesale investors only and does not constitute financial advice. All investments carry risk. Please seek professional advice before making investment decisions.
Frequently Asked Questions
What is Industrial Income Plus Fund?
Multi-asset commercial real estate fund focused on industrial properties in Auckland
Who manages Industrial Income Plus Fund?
Industrial Income Plus Fund is managed by Jasper (FSPR 692011, NZBN 9429037382940) based in Auckland. Manager registration on the Financial Service Providers Register is a legal requirement under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and does not itself constitute an endorsement.
What asset class is Industrial Income Plus Fund?
Industrial Income Plus Fund is classified as Property on Wholesale Investor NZ. Asset-class classification reflects the fund's stated investment focus per its Information Memorandum and is provided for navigation purposes only — review the IM for the full strategy and risk profile.
Is Industrial Income Plus Fund evergreen or a closed-end fund?
Industrial Income Plus Fund is an evergreen fund — it is permanently open for subscription rather than running on fixed vintages. New investors can typically apply at any time subject to capacity, manager discretion, and the fund's stated subscription windows. Redemption terms are set in the Information Memorandum and vary by fund.
What is the minimum investment in Industrial Income Plus Fund?
Minimum investments across Industrial Income Plus Fund's currently listed offers range from NZ$25K. Minimums are set per offer and may change for new vintages — confirm the current minimum in the relevant Information Memorandum before subscribing.
Is Industrial Income Plus Fund wholesale-only?
Yes — Industrial Income Plus Fund is offered on a wholesale-only basis under Schedule 1 of the Financial Markets Conduct Act 2013. Subscription requires self-certification under one of the seven Schedule 1 pathways (typically the NZ$5M net-assets "large person" pathway or an accountant- or lawyer-signed eligible-investor certificate per Clauses 38-40). Wholesale-only funds do not publish a retail Product Disclosure Statement and do not appear on the Disclose Register.
Is Industrial Income Plus Fund a PIE fund?
Industrial Income Plus Fund is structured as a Portfolio Investment Entity (PIE). PIE distributions are tax-paid at the investor's Prescribed Investor Rate (PIR), capped at 28% per Inland Revenue's PIE rules. PIRs are 10.5%, 17.5%, or 28% depending on the investor's prior-year taxable income. The PIE structure is generally favourable for investors whose marginal tax rate is above 28% (currently above NZ$78,100 of taxable income).
When was Industrial Income Plus Fund launched?
Industrial Income Plus Fund was launched in 2019. Operational tenure is one input to evaluating manager track record but does not itself indicate likely future performance — past performance is not a reliable indicator of future returns per FMA fair-dealing guidance. Request audited financial statements covering the full operating period before subscribing.
Where can I read the IM or PDS for Industrial Income Plus Fund?
Industrial Income Plus Fund is a wholesale-only fund and the manager does not publish a retail-accessible Information Memorandum on Wholesale Investor NZ. Wholesale-only funds typically share the IM directly with prospective investors after a Schedule 1 self-certification under the Financial Markets Conduct Act 2013. Contact the manager to request the IM and the certification process.