Corval Hawkes Bay Trust
State-of-the-art processing and cool store facility, leased to an agricultural tenant for an initial 25-year term
Targeting 13-15% net equity IRR
Structured as a sale-and-leaseback for an initial 25 years
Food related investment
Wholesale investors only
Corval Hawkes Bay Trust
The Corval Hawkes Bay Trust intends to acquire a state-of the-art, post-harvest, industrial facility located in New Zealand’s prime agricultural region of Hawke’s Bay. The facility was built in 2021 and comprises cold storage areas, packing warehouse areas and an office component. The transaction is structured as a sale-and-leaseback with Rockit Apples for an initial lease term of 25 years, with fixed annual 3% rent increases and triple net structure (ie. no capex or outgoings leakage). The Property services the need to process and store apples grown in the region, with a general under-supply of these types of properties in this locality. The Property is Rockit’s only facility of this nature within New Zealand, performing the packing and storage function, which is core to the overall business operations.
Feature | Detail |
| Minimum Investment | $100,000 |
| Investor Eligibility | Wholesale and sophisticated investors only |
| Distribution Frequency | Quarterly (income not guaranteed) |
| Important Dates | Close date: 4 July 2025 |
Modern industrial asset that serves a critical role
The Property comprises a state-of-the-art facility completed in 2021, that is used for packing and storage of apples.
Long-term lease
The Property is leased to Rockit for 25-years on a triple net basis, with fixed annual increases of 3%.
Limited supply and high construction costs underpin value
Supply of industrial and cool store facilities in the Hawke’s Bay region is currently insufficient to meet the demand of the agricultural sector.
For more information about this Trust
Next Steps - Close date: 4 July 2025
- Request a copy of the Information Memorandum.
- Provide your investment request amount by return email.
- Following receipt of your investment request, Corval will provide access to the online application form.
- Application monies are due 4 July 2025.
Speak with our Team
Anna Tearle
Business Development Associate
+61 423 080 526
Important Information
Corval Partners Limited (ACN 130 628 830) (Corval Partners) is the trustee of the Corval Hawkes Bay Trust (Fund). Before making an investment in relation to the Fund, it is important you read the Supplementary Information Memorandum (IM) dated 9 June 2025.
The information included on this website has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision, you should consider the IM and consult your financial adviser or other professional advisers to determine whether the Fund suits your objectives, financial situations or needs. If you acquire units in the Fund, then Corval Partners and its related parties may receive fees from the Fund. Those fees are disclosed in the IM.
Any investment, including an investment in the Fund, is subject to risk. If a risk eventuates, then it may result in reduced distributions and/or a loss of some or all of your capital invested. The IM includes further examples of some of the key risks of an investment in the Fund. Past performance is not indicative of future performance. Any forward-looking statements on this website are provided as a general guide only and subject to the risks and assumptions set out in the IM. Neither capital growth, distributions or tax consequences are guaranteed.
Units in the Fund are issued at a unit price determined in accordance with Corval Partners’s unit pricing policy (Policy). The Policy has been prepared in accordance with the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) Unit Pricing: Guide to Good Practice.