Sharechat Logo

Private Land and Property Fund (NZX: PLP) Property Valuation Review

Wednesday 31st March 2021

Text too small?

The Manager has undertaken a periodic review of the properties in the Private Land and property Portfolio, the wholesale fund into which the PLP invests.

Following that review, the net valuation adjustment reflected in the unit price has been increased by $922,000, which represents a change of 1.44% to the net asset value of the PLP.

The primary driver of the change is in respect of the carrying value of the kiwifruit orchard in Northland, which was purchased by the Fund in September 2019. As the kiwifruit orchard was, at the time of purchase, recently planted/ grafted, the Manager is recognising the increase in the value of the orchard as the plants approach maturity.

The Manager has also reviewed the expected yield and long-term grape prices of the vineyards owned in Awatere and has adjusted its estimates accordingly.

This adjustment will be reflected in the unit price for 29 March 2021 and this price will be published on 31 March 2021.

Please see the link below for details:

PLP - Property Valuation Review

Source: Private Land and Property Fund



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Napier Port Holdings Limited (NZX: NPH) 2021 Earnings Guidance Update
Comvita Limited (NZX: CVT) Full Year Guidance Update
Scott Technology Limited (NZX: SCT) Meat Industry Contract Win
PaySauce Limited (NZX: PYS) Quarterly Market Update
NZ Windfarms Limited (NZX: NWF) Agrees a New VVFPA for Q1 2022 to Q3 2022
Harmoney Corp Limited (NZX: HMY) 3Q21 Trading Update
Pacific Edge Limited (NZX: PEB) United Healthcare Issues Positive Coverage Cxbladder
Scott Technology Limited (NZX: SCT) 2021 Half Year Announcement
NZX Limited (NZX: NZX) Appoints Specialist Global Expert to Tech Committee
AFT Pharmaceuticals Limited (NZX: AFT) Secures New Partners in Poland and Greece