NELSON PROPERTY INVESTORSASSOCIATION
NOVEMBER 2012 NEWSLETTER
PO Box 198 Nelson
1. Plus's and Minus's of Types of Commercial Investment;
2. What is in a Return?
3. Market Overview - where to from here;
4. Due Diligence done the Right Way
5. Leases and How to Interpret Them
6. What is Good Property Management.
Speaker Profile - Phil Hinton Executive Director of KCL Property, New Plymouth and Auckland.
Phil Hinton is an Executive Director for KCL Property, a company thatspecialises in direct commercial property investment, commercial propertydevelopment and a full range of management functions including lease,facilities and financial management of its properties. The group comprises 27people, located between the New Plymouth and Auckland offices.
KCL Property has a current portfolio of nearly NZ$500m spread throughout mostlymetropolitan locations within New Zealand,as well as in Brisbane, Australia. With 330 tenants and 110properties, KCL is a major player in the direct property investment industry inNew Zealand,having been in business since 1993.
Phil was born in Fiji butgrew up and was educated in Whanganui, where he was Head boy at Whanganui High School in 1975. He then took up anurban valuation cadetship with the then Valuation Department in Wellington in 1976through to 1979, where he won the Institute Professional prize for 1979. In1980 he moved to Christchurch and spent a year’sfull time study at Lincoln University doing a Diploma in Valuation and PropertyManagement before commencing work with Challenge Properties, looking aftershopping centres and the Grosvenor Properties portfolio Industrial portfoliofor the South Island.
In 1982 he moved to New Plymouth to take up a position as a partner in Larmers,one of the main Taranaki valuation practices. From 1982 to 2002, Phil wasresponsible for the commercial and industrial valuation and consultancycomponent of that practice, which has now become Telfer Young (Taranaki) Ltd.During that time he also completed several major arbitrations on rent reviews,and was also used as an umpire, determining many valuation disputes inlocations throughout the lower North Island.
In the early 1990’s, Phil became heavily involved with the New Plymouth Chamberof Commerce, resurrecting it into a fully sponsored and operationalorganisation that has grown to a very strong position today. For this, he wasmade a life member in 2003.
In 2002, Phil joined Bryce Barnett, the founder and Managing Director of KCLProperty. The business has grown substantially since 2002, now havingapproximately 700 investors in 45 property syndicates throughout New Zealand in Brisbane. Pleaseremember to book your meal again for this not to be missed meeting.
ANOTHR ONE OF THOSE FUNNY GLENN’S STORIES
This newsletter ispublished with the of Support Summit Property management.
Remember tosupport our sponsors.
GRAEME DICK TALKED THE TALK AT THE LASTMEETING
YOUNG PARENT PAYMENTS FROM THE GOVERNMENT