Te Mata Coolstore

Hawke’s Bay’s reputation as a powerhouse primary producer is set for a boost as the region gears up for a surge in exports.

Apple growers are embarking on new orchard developments aimed at lifting yields from around 60 tonnes per hectare to 100 tonnes per hectare - through higher density plantings and improved orchard management practices. This increased apple production is now putting pressure on the supply of post-harvest infrastructure.

Our latest investment opportunity is in a Hawke’s Bay coolstore facility leased by Freshmax – global processor and exporter of fresh produce, and a management partner in several MyFarm investment syndicates. Freshmax has plans to double its apple production during the next 5-10 years.

This coolstore already generates solid lease rental returns - which are expected to rise as demand for cool storage increases.

Size: 3.6 hectares
Location: 13 Thompson Rd, Havelock North
Business type: Commercial Property - 12 coolstores and several complimentary outbuildings
Lessee: Global fresh produce exporter, Freshmax. A 5.5 year lease is in place with ROR for a further five years.
Returns: Forecast returns starting at 7.4% p.a, increasing to 9.8% p.a. in year 6.
Development potential: Vacant land area on the site offers potential to expand existing operation or develop new income streams.
Total capital raise: $6.6million.
Offer close date: 4pm, Thursday 11 April.
Minimum investment: $100,000
MyFarm contact: Grant Payton 029 445 5871