Private Land and Property Fund (NZX: PLP) Property Valuation Review

Consistent with the property valuation policy for the Private Land and Property Portfolio (the wholesale fund into which the PLP invests), the Manager has commissioned and received an updated independent valuation report for its kiwifruit and lemon orchard near Kerikeri in Northland which was purchased in September 2019.

Following that independent valuation report, the Manager has adopted the valuation increase of $3,185,000, which represents a change of 4.7% to the net asset value of the PLP.

The valuation increase reflects the buoyant conditions for gold kiwifruit and associated asset valuations.

This adjustment will be reflected in the unit price for 3 May 2021 which will be published on 5 May 2021. The unit price following this adjustment is $1.1283 per unit.

Please see the link below for details

PLP - Property Valuation Review

Source: Private Land and Property Fund

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