PHOTO: CHRISTEL YARDLEY/FAIRFAX NZ The Tauranga Crossing retail development is the newest and biggest shopping centre in the Bay of Plenty and is seeking $1m investors for further development.
Got a cool $1 million to invest in a property? One of the country’s biggest syndicators is calling.
Oyster Group is seeking to raise $108 million from “wholesale investors” – wealthy individuals and families knowledgeable about the risks of investing in commercial property – for the purchase of 60 per cent of the big new Tauranga Crossing retail development.
Oyster, the syndicator, is selling 432 interests of $250,000 each to raise $108m for that.
The minimum amount an investor can invest in the 19.5 hectare Tauranga Crossing development is $1m. Any extra amounts must be bought in $250,000 increments.
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