Commercial property is a cornerstone of New Zealandโs economy, directly contributing over $50.2 billion to the nationโs GDP, which accounts for approximately 15% of the total economic output.
The Net Property Fund is a long-term, evergreen commercial property investment fund structured as a PIE-compliant unit trust. Our mission is to deliver consistent income and long-term capital growth through ownership of quality, income-producing commercial properties across New Zealand.
With a simple single-unit structure, investors can elect how they receive their income โ as quarterly cashflow or automatically reinvested to accumulate more units and grow wealth over time.
This fund is designed for generational investors, family offices, and sophisticated wholesale investors who want to grow their exposure to institutional-grade property โ with full transparency and built-in investor protections.
Net Funds is led by seasoned property professionals with experience in over 200 commercial transactions and the management of hundreds of millions in investor capital. We combine disciplined strategy, strong governance, and investor-aligned mechanics โ and weโre committed to building long-term partnerships.
Net Property Fund offers a rare feature: you can apply to borrow against your units through a separate lending company. This allows you to:
How it works:
Net Property is our flagship commercial property fund, designed to deliver stable income with the potential for long-term capital growth.
The fund holds high-quality, income-generating commercial buildings with strong tenants, long leases, and professional management. But what sets Net Property apart is its ability to deliver both yield and equity upside โ all within a simple, investor-aligned structure.
You choose how your investment works for you:
1. Income PaidReceive regular bi-monthly cash distributions. Ideal for investors seeking ongoing income.
2. Income ReinvestedAfter 12 months in income mode, you may elect to reinvest your distributions into new units at Net Asset Value (NAV).
This reinvestment option allows your holding to compound and grow alongside the fundโs underlying property performance.
๐ง Why this matters:
As the value of the fundโs properties increases, so does the NAV โ meaning reinvested income benefits from growth in equity, not just yield.
To protect the integrity of income-paying investors:
Net Property isnโt just about stable cashflow.
Itโs built for disciplined income and equity growth โ combining the best of property ownership and fund flexibility, without the complexity of multiple share classes or hidden fees.
At Net Property Fund, we believe in transparent, fair, and aligned fees that reflect the quality of assets and the long-term performance we aim to deliver.
This fee covers:
Note: Wherever possible, this fee is recovered directly from tenants under commercial lease agreements, reducing any impact on investor distributions.
This ensures active oversight of the portfolio and contributes to:
This aligns us directly with investors. We only earn this fee when the fund performs, and only on returns above an 8% annualised hurdle based on Net Asset Value (NAV).
This means:
No. Any reinvested income is used to purchase new units at the current NAV. This means your proportional ownership is preserved โ even if other investors are compounding.
Yes. All investors start in the Income Paid option. After 12 months, you can opt into the Reinvestment option, which lasts for 12 to 60 months and can be extended with manager approval.
New applicants will be added to a queue. In the meantime, your income will continue to be paid in cash until a reinvestment slot opens.
We offer:
Like all property investments, risks include:
Our experienced team, conservative LVR, and diversified acquisition strategy are designed to mitigate these risks.
