Fund Overview
Provincia Property Fund is a New Zealand wholesale property investment vehicle managed by Provincia. Structure: Unlisted limited liability company, registered as a Portfolio Investment Entity (PIE) since 1 October 2018. Not a FMC reporting entity.. The manager states a target/forecast of: Manager states forecast Total Return of 15.2% for FY ending 31 March 2023, comprising forecast fair value gain of 11.6% and forecast pre-tax (target only — not a forecast or guarantee; capital is at risk). Investment Statement Dec 2022 + FY2024 annual report.
Asset Class
Property
Structure
Unlisted limited liability company, registered as a Portfolio Investment Entity (PIE) since 1 Octobe
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Fund Documents
Documents are published by the issuer. Review the current version in full and seek independent advice before investing.
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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 Provincia Property Fund?
Provincia Property Fund is a New Zealand wholesale property investment vehicle managed by Provincia. Structure: Unlisted limited liability company, registered as a Portfolio Investment Entity (PIE) since 1 October 2018. Not a FMC reporting entity.. The manager states a target/forecast of: Manager states forecast Total Return of 15.2% for FY ending 31 March 2023, comprising forecast fair value gain of 11.6% and forecast pre-tax (target only — not a forecast or guarantee; capital is at risk). Investment Statement Dec 2022 + FY2024 annual report.
Who manages Provincia Property Fund?
Provincia Property Fund is managed by Provincia based in Auckland, New Zealand. 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 Provincia Property Fund?
Provincia Property 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 Provincia Property Fund evergreen or a closed-end fund?
Provincia Property Fund is a closed-end fund — it raises capital during a defined vintage window and runs to fund maturity. Capital is typically returned via distributions during operation and a final wind-up at fund maturity. Check whether a current vintage is open before applying.
What is the minimum investment in Provincia Property Fund?
The minimum investment is NZ$10K per the fund's current Information Memorandum. Minimums may change for new vintages or at manager discretion — confirm the current minimum directly with the manager before subscribing.
Is Provincia Property Fund wholesale-only?
Yes — Provincia Property 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 Provincia Property Fund a PIE fund?
Provincia Property 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).
What is the target return for Provincia Property Fund?
Per the fund's current Information Memorandum, the target return is: "Manager states forecast Total Return of 15.2% for FY ending 31 March 2023, comprising forecast fair value gain of 11.6% and forecast pre-tax cash return of 3.6% (5.5 cents per share), based on discounted share price of $1.51. Returns are not guaranteed.". Target returns are forward-looking projections set by the manager and are not guarantees of future performance. Actual returns may differ materially from target. Review the IM's full target-return language, fee deductions, and accompanying risk factors before relying on this figure.
Where can I read the IM or PDS for Provincia Property Fund?
Provincia Property Fund has a public Information Memorandum (IM) linked from its Wholesale Investor NZ profile page. Documents are sourced from the manager's own published disclosures. Some wholesale funds gate full disclosure behind a wholesale-investor self-certification — review the document index on the fund page and contact the manager if a specific document is not surfaced.