First NZ Properties Limited was incorporated in 1995, and has 440 Shareholders.   First NZ owns two properties: 15 Sheffield Crescent and Ernst & Young House, both in Christchurch.

Investment is through the purchase of shares in the Company. Shareholders have benefited from good capital growth and dividends of 10 cents per share, per annum, which are paid bi-annually.

15 Sheffield Crescent is on a large industrial site close to Technology Park in Christchurch. The building is predominantly industrial high stud warehouse space. The building is occupied on a 12 year lease by Christchurch Yarns who operate a processing plant converting wool into yarn for export.  The yarn is used in the manufacture of carpet and the processes used by Christchurch Yarns have unique capabilities that allow them to be competitive and produce a quality product that is in high demand.

Ernst & Young House is a landmark six level office building in a prime location in the Christchurch central business district. The property has significant lease commitment with the anchor tenant being Ernst & Young Accountants.

First NZ Properties Limited was originally offered as three supermarkets, all of which have been sold and this has provided an opportunity for capital gains for investors.  The Manager has been proactive in identifying opportunities in the market to sell and replace properties to optimise the returns to investors in both capital gains and cash returns.

Annual reports | 2009 | 2010 | 2011
Secondary Market Listings : Click here to access more detail on the availability of shares in First NZ Properties Limited.