8 October 2019
DLA Piper is pleased to have advised Booster on the listing of its Private Land and Property Fund (PLPF) on the main
board of the NZX.
The PLPF (and related wholesale fund) is a property trust that has been investing for the past two years prior to
accepting public contributions, giving investors access to agricultural, horticultural and viticultural land, including
income from grape harvests.
Booster is the first new fund manager to list since new NZX Listing rules were adopted earlier this year. The new
listing rules are intended to streamline fund listings by providing rules tailored to funds and removing the need for
DLA Piper’s team included Rachel Taylor, Tom Barnes and Jennifer Smith, who earlier advised Smartshares on its listing
of an additional eight new funds with asset manager Blackrock. Partner Rachel Taylor says these listings give fund
managers more choice. “Liquidity and brand enhancement are important,” says Rachel, “but also some managers are required
to invest in listed product, because of the additional regulation in the NZX environment. It’s pleasing to help open new
doors like this for investors. Our congratulations to Booster.”
1 DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe,
the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world.
2 For further information about our organisation and services, please visit our website: www.dlapiper.com