PMG’s Pacific Property Fund buys remaining 60% stake in 390 Prestons Road asset

• Property Managers Group’s Pacific Property Fund acquired the remaining 60% stake in 390 Prestons Road, Christchurch, taking full ownership.
• The fund previously held 40% since the asset’s purchase on completion of development in January 2026.
• The large-format retail property is fully leased to Mitre 10 under a long-term agreement.
• The purchase followed the merger of Pacific Property Fund and PMG Generation Fund, supported by a completed capital raise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Property Managers Group published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.