Mainland Income Fund 3

The Investment Opportunity

Mainland Income Fund 3 (MIF3) comprises a portfolio of 11 A-grade industrial assets located in Canterbury and Auckland, with a value of $183 million.

The Fund continues to target prime industrial and logistics properties located in strategic New Zealand markets, focusing on strong tenant covenants and sustainable rental income streams. 

It is currently 100% occupied by 12 tenants including Foodstuffs, Big Chill, Sorted Logistics, Bridgestone, Calder Stewart, Direct Logistics and Marley.

MIF3 aims to deliver stable monthly income distributions while preserving and growing capital value through active asset management. 

The Fund is forecasting a return of 6.40%* p.a. net of all costs and fees, pre-tax (based on the most recent issue price of $1.27 per unit). 

There may be units available in this Fund via the Mainland Capital Secondary Market. To request the Investment Summary or enquire about the availability of secondary market units, please complete the form below. 

 

*Returns are subject to a number of risks and uncertainties and actual results and events could differ materially from those anticipated. Past performance is not necessarily a guide to future performance. 

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$183M

A-grade industrial portfolio with a combined value of $183 million

100%

Occupied by 12 tenants

6.40%

Forecast Year 1 distribution yield (based on the most recent issue price of $1.27 per unit, pre-tax and net of fees)
20 Sir James Watties Gradient (1) (1)

Investment Highlights

  • 100% occupied by 12 tenants

  • 11 A-grade industrial properties with a combined value of $183 million 

  • 15.2 hectares of land, 62,872m2 of net lettable area

  • High quality tenant base diversified across the manufacturing, logistics and retail distribution sectors 

  • 6.40% forecast pre-tax return per annum (based on the most recent issue price of $1.27 per unit, pre-tax and net of fees)* 

*Returns are subject to a number of risks ands uncertainties and actual results and events could differ materially from those anticipated. Past performance is not necessarily a guide to future performance. 
Mainland Image Gradient Sorted Logisitcs (1)

Industrial Highlights

  • Auckland and Christchurch industrial vacancy of 2.3% and 2.1% respectively as at H2 2025 remain at or near historic lows (CBRE, Q1 2026).

  • Global structural tailwinds including e-commerce growth, supply chain reshoring and demand for last mile logistics continue to underpin occupier demand for prime industrial space.

  • Elevated land and construction costs continue to constrain the new supply pipeline across New Zealand, with industry analysts forecasting that moderating supply combined with strengthening demand will place upward pressure on industrial rents nationally from 2027 (CBRE, New Zealand Real Estate Market Outlook 2026).

 

Source: CBRE NZ Research – Q1 2026 Auckland & Christchurch Figures; 2026 NZ Real Estate Market Outlook

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