Private Land and Property Fund, (PLPF)
Invest in New Zealand through our specialised portfolio of property and land investments.
What's PLPF all about?
Invest in New Zealand land
Average target return rate over the long term
Investing in New Zealand land
How PLPF works
We’re a nation of land and property owners. Many Kiwis see property as an attractive, long-term investment. But more and more people are finding that property ownership is too expensive, too much stress or just simply out of reach.
So we wanted to help Kiwis invest in New Zealand land and property, with ways of accessing their money.
That’s why we created the investment fund. PLPF invests into productive New Zealand agricultural and horticultural property and gives you access to your money should you need it.
PLPF is listed on the NZX, which gives you more flexibility in how you choose to invest and also, withdraw your money from PLPF.
You can choose to invest in PLPF directly with us, or on the NZX. There's no set investment period.
You can apply to withdraw up to $50,000 in any 12-month period directly from the fund without incurring a withdrawal fee. You can also set up regular monthly withdrawals from the fund. Due to the nature of the assets the fund invests in, there may be some circumstances when processing withdrawals is delayed or suspended.
Or when you’re ready to withdraw. You can choose to sell your holdings on the NZX at any time if there are interested buyers.
You can invest a little bit with PLPF now and grow your investment over time. You only need $1,000 to get started.
If you’re new to investing, PLPF could be a great way to start building up your investment portfolio with property investments. You’ll be investing in a range of income-generating assets right from the start.
If you’ve already got a nest egg saved, PLPF gives you another option for some of that hard-earned cash. With an aim to have healthy returns and built-in flexibility, it’s a smart way to get the most from your money.
PLPF invests in productive land and property assets. This is often agricultural and horticultural land. The land (or property) is then rented by a company, for example, a winery or horticultural company looking to grow or supply crops. The rent or net proceeds from the crop produces an income stream that is returned to investors as a distribution.
Often, we’re already partnered with the business owners through our specialist NZ investment fund, Tahi, so we understand the returns and potential growth of the investment.
The long-term annual average return target is 6.5% p.a. over rolling 7-year periods. This is before tax, but after all fees, charges and costs. The return is a combination of income and capital gains as properties reach full productive capability. Changes in the valuation of properties due to general property market movements will also impact the return of the Fund but such returns are not the primary objective of the Fund.
When the fund pays distributions (usually every quarter), you can choose to receive this payment or have it automatically reinvested in PLPF.
The distribution is the result of income generated from rents and the crops produced on the land. Because crop net income fluctuates, the distribution is not set at a fixed rate and will vary.
For historical return information see the latest fund update here.
Most people cannot afford to buy an agricultural or horticultural property as an investment, let alone properties of different types in different regions, and do not have the time or expertise to manage such property. PLPF offers the opportunity to invest into agricultural and horticultural property that is professionally managed with a minimum investment of only $1,000.
- PLPF offers you an opportunity to further diversify your investment portfolio. By investing part of your portfolio in the fund, you’re adding exposure to a mix of agricultural and horticultural investment properties to your portfolio – but with none of the associated risk of managing it all yourself!
Your investment keeps pace with inflation
- PLPF is designed to appreciate in line with inflation, helping preserve the ‘real’ value of your investment.
- The income from the leased properties generally increases at or above the rate of inflation. This means (all other things being equal) that both the income and underlying asset value of the property tends to appreciate with inflation. This helps to maintain the real value of your investment.
What does PLPF invest in?
PLPF is invested in productive agricultural and horticultural assets. The land or property assets are then rented by a company, looking to grow or supply crops – for instance, a winery or horticultural company – or operate directly.
Currently, the fund is predominately invested in viticulture assets in several regions across New Zealand, alongside a kiwifruit orchard in Northland. Further development of existing investments and diversification into different types of property is planned as the fund grows.
How do I get in and out of PLPF?
PLPF is listed on the NZX, which means you can choose how you invest in and withdraw from the fund. You can buy units on the NZX. Or, you can invest directly with Booster.
You can buy units in PLPF on the NZX market at any time, as long as there are interested sellers.
You can sell your units in PLPF on the NZX market at any time, as long as there are interested buyers.
NZX code: PLP
We accept new investments into PLPF at the start of each month. You can apply directly online or through your financial adviser. We'll process your investment on the first business day of the month. The minimum investment amount is $1,000.
We process withdrawal requests from PLPF at the start of each month. The minimum withdrawal amount is $500.
No investment is without some risk. One way to help manage that risk is to diversify your investment portfolio.
PLPF provides diversification into a range of land and property investments. It provides flexibility to invest and withdraw when you want to, and on top of that, you’re investing directly back into New Zealand.
It doesn't matter how you choose to invest in PLPF - the outcome will be the same. You'll hold investment units in the Private Land and Property Fund.
It's more about how comfortable you feel about managing your own investment account. If you choose to invest through NZX, this will be managed on your behalf by your broker.
If you choose to invest directly with Booster, you'll get access to mybooster so you can manage your investment yourself. You'll also receive communications directly from Booster.
|Entry fees||No entry fees||Brokerage will apply|
|Exit fees||No exit fees on withdrawals up to $50,000 in a 12mth period. A fee of 1-5% may apply to withdrawals over $50,000 per year||Brokerage will apply|
|Price/Value||Unit price reflects value of the fund's assets||Unit price is set by the market|
|Liquidity||Withdrawals are processed and paid once a month. Given the nature of property investments, withdrawals could take longer, depending on available liquidity.||Trading occurs daily|
|Availability||Under usual circumstances, the fund should be able to accept any investment requests.||The market will dictate the volume of units available to buy and sell.|
PLPF is a listed PIE. This means that the amount of tax the fund pays is calculated at the rate of 28% on its taxable income.
The fund intends to pay quarterly distributions which will include any imputation credits. If you are a New Zealand resident individual or trustee investor (other than a unit trust) and your marginal tax rate is less than 28%, you can choose to include the fully imputed portion of the distribution in your tax return, and apply the surplus tax credits against other income on which you are required to pay tax.
Booster has established a Distribution Reinvestment Plan for PLPF. A Distribution Reinvestment Plan reinvests your distribution into the fund on your behalf – instead of paying it out to you in cash.
Reinvesting your distribution is a common, convenient and cost-effective way to increase your investment in Fund.
PLPF will pay out a distribution every quarter. You can choose to receive that distribution as cash, or if you choose to join the DRP, you can have your distribution reinvested into PLPF on your behalf.
You can choose to opt-in or opt-out of the DRP at any time.
See PLPF Distribution Reinvestment Plan for more information.
If you’re already a PLPF investor and want to join the DRP, download the PLPF DRP Election Notice Form.
PLPF return, fees and share info
PLPF's average long-term return target of 6.5% p.a. is before tax but AFTER all fees, charges and costs. We don’t charge set up or contribution fees.
Because PLPF is actively managed by us, there is a management fee to pay.
You can invest in PLPF directly through Booster, or buy units on the NZX. You can review the NZX price, our unit price and any NZX PLPF announcements.
PLPF Annual Returns
|Average target return rate
(after all fees but before tax)
|Average target return rate
(after all fees but before tax)
Other Management Fee and Admin Charge
|In fund costs||0.10%|
|Property operating expenses (estimate)||0.09%|
Annual fund charges
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