Oyster Retail Offer Closes Oversubscribed

NEWS RELEASE
11 July 2012

Oyster Retail Offer Closes Oversubscribed

The Oyster Group’s proportionate ownership opportunity in the Pukekohe Mega Mitre 10 property has closed over-subscribed a month early.

Oyster Group Chief Executive, Mark Schiele, said the company had made available to investors 56 shares at $100,000 each in the 1.475ha property.

Mark said a combination of factors including location, length of lease, built in rental growth, strong tenant and near new building offered savvy investors the potential for long-term cash flow.

The investment scheme and property will be managed by Oyster which manages over $500 million in property around the country.

Mark said proportionate ownership of commercial property was becoming increasingly attractive as it allowed groups of individuals to invest in assets of significant value and scale without the hassle of day-to-day management.

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