Reflecting on 2016

As 2016 draws to a close, I reflect on the year that was;


The Property team has never been busier with transactions on behalf of both the Property Fund and our clients; achieving some exceptional outcomes.

However, perhaps the best reflection of property activities this year has been the successful leasing of the Pumpkin Patch offices to Maori Television Services. This transaction required significant negotiation skills and has resulted in a fantastic outcome for the Fund and St John's College Trust Board.


The Finance Team has now firmly established the Ministry Accounting service to Parishes in the Diocese of Auckland. A recent survey of the parishes showed very positive feedback especially with respect to the timing of payments and delivery of financial information.

A little over a year ago the centralisation of the accounting services was described as the most significant change in the past 10 years of the Diocese.  I am very proud of how Trust Management has met the challenge and in most cases exceeded the expectations of these new clients.

At the same time I do not wish to overlook the continued excellent performance of the remainder of the Finance Team who continue to manage the financial affairs of our endowment and investment clients, and deal with the ever increasing complexities of accounting for charities. The provision of timely and accurate financial information to our clients, while an expectation, is critical to their good governance.


The Investment Team has also had a very busy year as we have expanded the investment reporting to our clients and published a series of educational articles (discussed further below). At the same time the number of new investment advisory clients has risen dramatically, with new clients seeking a review of their investment strategies and fund managers.


2016 saw Trust Management successfully become licenced and the Funds registered under the Financial Markets Conduct Act, the most significant piece of securities legislation in fifty years.

This transition involved a significant amount of work to redraft the master trust deed and establishment deeds for each of the Funds, negotiations with the Supervisor over revised contracts, and evidencing to the Financial Markets Authority Trust Management’s capabilities, competencies and existence of robust systems to obtain its Market Services License.

As I reflect on the transition, I am pleased with how efficiently and seamlessly the transition occurred, a reflection of the strong governance processes operated by Trust Management.

Finally, as the year draws to a close, and our staff enjoy a well earned break, I would like to wish our clients, staff and investors a joyous and safe holiday break.



Trust Management News

Trust Management is moving!

Due to strong growth in demand for our services, our business has expanded over the past three years to the point where we have now outgrown our office space on level 2, of Carlton Gore Road in Newmarket.

For those who have enjoyed our location in Newmarket do not need to despair, we are not moving far. Our offices are moving up to level 4, where we have secured a larger floor space.

We will be shifting floors on 31 March 2017, at which time we would love you to come and visit the new office premises.

101 Series

In December 2015, Trust Management launched an educational series of papers, aimed at giving a basic oversight of key topics using simple terminology, in easy to understand language.


The 101 series recognise that we provide services over a wide range of disciplines and that the Trustees who serve on the Boards of our clients come from varied backgrounds and experiences.

These papers are not intended to be the definitive guide on their given topic, but seek to provide enough explanation that readers will be able to understand the overall concepts of each topic.


We have now developed seven articles in this series and during 2017 will continue to develop and release further articles. If there is a subject matter you would like to understand further, please do not hesitate to contact Shane Coward, General Manager.


Fund News

Maori Television Services Leasing


We are very pleased to announce the leasing of 437 and 441 East Tamaki Road to ​Maori Television Services ("MTS") on a 15 year lease. 

Included within the article is a link to a "fly through" of the new offices provided by MTS.

Pumpkin Patch Update


In November we provided an update with respect to the properties leased to Pumpkin Patch, the latest news from the Receiver, and the impact on the portfolio of the Maori Television Services leasing, as well as provide details of the October valuation.

Fund Returns


We will distribute a short newsletter in January once the December unit prices have been finalised. Returns and Unit Prices are also published on a monthly basis to our website, click on the button to follow the link.




Christmas Office Closure



It has been a busy year, both for our staff and our clients, but a very rewarding year at the same time.


Our office will be closing on Thursday, 22 December 2016 and reopening on Monday, 9 January 2017.


From 9 January 2017 to 13 January 2017 our office will be open but operating with reduced staffing levels, as we encourage our staff to have a well earned break with family and friends.

We look forward to meeting up with our clients and investors again in the New Year, and we wish you all the best for the festive season.