• 30-year triple net lease commenced 31st March 2022

• Rights of renewal totaling 60 years expiring in 2112

• Annual rental growth linked to CPI and capped at 4%

• Future-proofed approximately 2,795sqm of development land for expansion

Puriri Court Lifecare comprises a 74-room care facility, currently providing full rest home, respite and medical services located on the urban fringe of Whangarei City, approximately 4km of the city centre. The property is leased to Heritage Lifecare Limited, one of the largest aged care providers in New Zealand.

Underpinned by high levels of government funding and increasing demand from New Zealand's rapidly ageing population, this asset will appeal to astute investors seeking a premium, hands-off investment positioned in the sought-after healthcare sector experiencing strong growth.

For more information, please contact below:

Henry Napier

+64 21 024 64785

henry.napier@bayleys.co.nz

Mike Houlker

+64 21 945 927

mike.houlker@bayleys.co.nz

Sunil Bhana

+64 21 938 660

sunil.bhana@bayleys.co.nz