Auckland: Jasper, the technology-led commercial real estate fund manager, has completed the acquisition of an industrial
asset in East Tamaki for just over $40 million. The acquisition is one of two assets that will seed a new industrial
fund targeting Value-Add logistics and industrial investments across the wider Auckland region. This will be Jasper’s
third industrial fund, with the previous two focusing on Core and Income-Plus strategies.
East Tamaki remains one of Auckland’s largest and most popular industrial precincts, located less than 20kms to the CBD
and 18kms to Auckland airport. This asset benefits from close proximity to the Highbrook motorway interchange, making it
attractive and accessible to industrial occupiers.
Mark Campbell, Chief Investment Officer at Jasper, commented: “In light of the increased demand for urban logistics assets, which has only accelerated due to the growth of e-commerce
during the pandemic and ongoing supply constraints, we are very pleased to have completed this substantial acquisition
of a high-quality asset with excellent connectivity to major road networks. We are looking forward to adding additional
assets to this, and other funds, in the coming weeks”.
About Jasper: Jasper is a fast-growing tech-led fund manager based in Auckland, NZ. Jasper provides all investors with access to private
market investments. Jasper is on a mission to democratise access to these opportunities while providing a better user
experience, more liquidity, and lower fees than traditional solutions. Established in 2019, Jasper now has over $70
million of assets under management (AUM).