PLP – Property valuation review leads to uplift

PLP – Property valuation review leads to uplift in fund value

28 March 2023

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 Marlborough based vineyards.

In accordance with that independent valuation report, the Manager has adopted the valuation increase
of $6.5m, which represents a change of 5.1% to the net asset value of the PLP, increasing the most
recently issued net asset value (NAV) per unit from $1.3374 per unit to $1.4063, which on an ex
distribution basis is $1.3981.


For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300



About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of
the Booster Group which has been helping New Zealanders save since 1998. The group currently
administers superannuation and investment funds of over $5 billion on behalf of more than 170,000 New
Zealanders.
PLP is a managed investment fund that invests in land and property-based investments by investing in
units in Booster’s Private Land and Property Portfolio. PLP only holds these units.
For more information, including a copy of the Product Disclosure Statement and the latest net asset value
per unit, please visit www.booster.co.nz