Governance Update – Appointment of Independent Director, First Light Property Fund Limited (FLPFL)
The Board of First Light Property Fund Limited (FLPFL) announces the appointment of Mr Philip Kean as an Independent Non-Executive Director, effective 1 September 2026. Philip's appointment marks an important step in FLPFL's evolving governance framework and reflects...
First Light Capital Winter Market Update 2026
Our New Zealand economic commentary for 2026 reflected growing optimism, with inflation stabilising and confidence beginning to recover.
First Light Capital Secures Long-Term Lease Commitments at Landmark Auckland Medical Centre
FLC are delighted to announce the completion of two leasing transactions at 122 Remuera Road, one of Auckland’s medical centres.
First Light Property Fund Limited Update: Lease Extensions Secured at 233 Collingwood Street
First Light Capital is pleased to provide an update on the First Light Property Fund Limited, following the successful agreement of significant lease extensions with two valued tenants at 233 Collingwood Street, Hamilton. The extensions, secured well ahead of upcoming...
First Light Capital Autumn Market Update 2026
New Zealand Economic Commentary – March 2026 New Zealand has experienced a tough few years economically, and it certainly felt in the first two months of this year that we were firmly on the road to recovery. Since late February however, the world has been rocked by...
Lease Extensions Secured for Properties in First Light Property Fund Limited (FLPFL)
First Light Capital is pleased to confirm several lease extensions have been secured well ahead of upcoming renewal dates. Within our First Light Property Fund Limited (FLPFL), we are pleased to confirm several lease extensions have been secured well ahead of upcoming...
First Light Capital Christmas Market Update 2025
As we approach the Christmas period, there is a noticeably more positive sentiment emerging across the New Zealand economy. While the improved mood is no doubt helped by warmer weather and a particularly sunny spring, there is also a growing sense that the economic...
Expansion of the First Light Property Fund Limited
First Light Capital is pleased to announce the expansion of the First Light Property Fund (FLPFL) following the successful consolidation of three existing First Light Capital-managed syndicates. This strategic integration adds three premium Auckland properties to the...
First Light Capital Spring Property Market Update 2025
Market Commentary: Spring 2025 For those of us who haven’t managed to escape to sunnier climates, this winter has felt particularly long and dark. The first green shoots, cherry blossoms and slightly warmer temperatures are all very welcome – and hopefully a sign of...
Strengthening the First Light Capital portfolio through sustainability; three new NABERSNZ ratings for our portfolio properties.
First Light Capital secures three more outstanding NABERSNZ ratings for commercial buildings in 2025 – supporting tenant wellbeing, energy efficiency, and consistent investor returns.
First Light Capital Winter Property Market Update 2025
First Light Capital’s Winter Property Market Update 2025 highlights key trends and insights shaping New Zealand’s commercial property market.
Leading the Way in Sustainable Buildings in New Zealand: First Light Capital’s 2025 NABERSNZ Achievements
First Light Capital delivers on its commitment to sustainable buildings in New Zealand with upgraded NABERSNZ ratings for two key commercial office properties.
Sustainable Property Management – 8 Antares Place
Sustainable property management is a core focus of our long-term asset management strategy at First Light Capital.
First Light Capital Autumn Market Update 2025
Market Commentary: April 2025 The Trump Factor, Tariffs, and Trade Tensions Global markets have been thrown into renewed turbulence following Donald Trump’s return to the U.S. presidency. His announcement of sweeping “Liberation Day” tariffs has sent shockwaves...
Commercial Asset Maintenance – 42 – 50 Totara Avenue, New Lynn
Commercial asset maintenance is a cornerstone of First Light Capital’s approach to long-term portfolio performance and tenant satisfaction.
Setting the Standard: First Light Capital’s Commitment to NABERS Excellence Across Our Portfolio
First Light Capital drives sustainable, long-term value with high NABERSNZ ratings across our property portfolio.
Depreciation on Commercial Buildings in New Zealand
What is the change? The Government is removing the ability to depreciate commercial and industrial buildings from the start of the 2024/25 income year (1 April 2024 for most taxpayers). This will support the Governments fiscal requirements and is estimated to generate...
Spring Market Update 2023
What a week! New Zealand has been buoyed by an incredible All Black performance, toppling world number one ranked Ireland and setting up a World Cup semi final against Argentina this weekend. If you’re reading this from France, enjoy the atmosphere and shout loudly...
New Medical Centre, Industrial Property Added
Karewa Place is a brand new purpose-built regional medical centre and is the latest real estate asset to be added to an established property fund specifically set up to purchase low-risk commercial real estate assets in the healthcare sector. First Light Capital...
Welcome to First Light Capitals Summer Market Update 2023
Welcome to First Light Capital’s summer market update February market update Firstly, the team at First Light Capital would like to say that our thoughts are with all those who’ve been affected by the unprecedented flooding across the North Island over the past week....
Acquisition of Pie-Baker’s Industrial Premises Adds to Growing Property Fund
The significant 5,439-square metre industrial bakery premises in Silverdale on Auckland’s northern boundary is home to the well-known pie-maker Dad’s Pies - which was acquired by Australian-owned Allied Foods at the end of last year. The property at 57 Forge Road has...
First Light Capital Market Commentary – March 2022
A lot has been happening in New Zealand’s economy over the past six months – with inflation now clearly evident across all sectors of the economy from food and fuel, through to interest rates and retail goods. In this report, we look at how the New Zealand economy is...
First Light Capital settles on 71 Apollo Drive
First Light Capital is pleased to announce the purchase of 71 Apollo Drive, Albany which settled on 1st November. This property is now owned by Apollo Drive Investments Limited which is a PIE Fund and will give investors the same benefits as direct property ownership...
The First Light Property Fund Ltd is now open for further investment
FLPFL is completing due diligence on 233 Collingwood Street, Hamilton CBD. This is a high-quality and modern commercial building in a premium location. The addition of a large ASX listed company and a government tenant on long term leases will provide added security...
New Zealand Limited Partnerships
New Zealand Limited Partnerships are separate legal entities in law but are disregarded for tax purposes. Partners have limited liability as long as they do not participate in the management of the Limited Partnership. Management of the Limited Partnership is...
Am I a Wholesale Investor?
Most First Light Capital offers are wholesale investment offers which means only Wholesale Investors can invest in them. Who is a Wholesale Investor? To qualify as a Wholesale Investor, you must meet the criteria set out in Schedule 1 of the Financial Markets Conduct...
What are the benefits of a PIE structure
Widely-held companies and unit trusts that meet certain eligibility criteria can elect to be “Portfolio Investment Entities” for tax purposes. For “Multi-rate PIEs”, shareholders and unitholders are treated as if they own the underlying investments of the company or...
How do I comply with the AML/CFT laws?
First Light Capital is the manager of the Funds and Syndicates and is an AML/CFT reporting entity. We are therefore required to comply with New Zealand's Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and similar AML laws of other countries. We...
Depreciation on Commercial Buildings in New Zealand
What is the change? The Government is removing the ability to depreciate commercial and industrial buildings from the start of the 2024/25 income year (1 April 2024 for most taxpayers). This will support the Governments fiscal requirements and is estimated to generate...
New Zealand Limited Partnerships
New Zealand Limited Partnerships are separate legal entities in law but are disregarded for tax purposes. Partners have limited liability as long as they do not participate in the management of the Limited Partnership. Management of the Limited Partnership is...
Am I a Wholesale Investor?
Most First Light Capital offers are wholesale investment offers which means only Wholesale Investors can invest in them. Who is a Wholesale Investor? To qualify as a Wholesale Investor, you must meet the criteria set out in Schedule 1 of the Financial Markets Conduct...
What are the benefits of a PIE structure
Widely-held companies and unit trusts that meet certain eligibility criteria can elect to be “Portfolio Investment Entities” for tax purposes. For “Multi-rate PIEs”, shareholders and unitholders are treated as if they own the underlying investments of the company or...
How do I comply with the AML/CFT laws?
First Light Capital is the manager of the Funds and Syndicates and is an AML/CFT reporting entity. We are therefore required to comply with New Zealand's Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and similar AML laws of other countries. We...
Governance Update – Appointment of Independent Director, First Light Property Fund Limited (FLPFL)
The Board of First Light Property Fund Limited (FLPFL) announces the appointment of Mr Philip Kean as an Independent Non-Executive Director, effective 1 September 2026. Philip's appointment marks an important step in FLPFL's evolving governance framework and reflects...
First Light Capital Secures Long-Term Lease Commitments at Landmark Auckland Medical Centre
FLC are delighted to announce the completion of two leasing transactions at 122 Remuera Road, one of Auckland’s medical centres.
First Light Property Fund Limited Update: Lease Extensions Secured at 233 Collingwood Street
First Light Capital is pleased to provide an update on the First Light Property Fund Limited, following the successful agreement of significant lease extensions with two valued tenants at 233 Collingwood Street, Hamilton. The extensions, secured well ahead of upcoming...
Lease Extensions Secured for Properties in First Light Property Fund Limited (FLPFL)
First Light Capital is pleased to confirm several lease extensions have been secured well ahead of upcoming renewal dates. Within our First Light Property Fund Limited (FLPFL), we are pleased to confirm several lease extensions have been secured well ahead of upcoming...
Expansion of the First Light Property Fund Limited
First Light Capital is pleased to announce the expansion of the First Light Property Fund (FLPFL) following the successful consolidation of three existing First Light Capital-managed syndicates. This strategic integration adds three premium Auckland properties to the...
New Medical Centre, Industrial Property Added
Karewa Place is a brand new purpose-built regional medical centre and is the latest real estate asset to be added to an established property fund specifically set up to purchase low-risk commercial real estate assets in the healthcare sector. First Light Capital...
Acquisition of Pie-Baker’s Industrial Premises Adds to Growing Property Fund
The significant 5,439-square metre industrial bakery premises in Silverdale on Auckland’s northern boundary is home to the well-known pie-maker Dad’s Pies - which was acquired by Australian-owned Allied Foods at the end of last year. The property at 57 Forge Road has...
First Light Capital settles on 71 Apollo Drive
First Light Capital is pleased to announce the purchase of 71 Apollo Drive, Albany which settled on 1st November. This property is now owned by Apollo Drive Investments Limited which is a PIE Fund and will give investors the same benefits as direct property ownership...
The First Light Property Fund Ltd is now open for further investment
FLPFL is completing due diligence on 233 Collingwood Street, Hamilton CBD. This is a high-quality and modern commercial building in a premium location. The addition of a large ASX listed company and a government tenant on long term leases will provide added security...
Strengthening the First Light Capital portfolio through sustainability; three new NABERSNZ ratings for our portfolio properties.
First Light Capital secures three more outstanding NABERSNZ ratings for commercial buildings in 2025 – supporting tenant wellbeing, energy efficiency, and consistent investor returns.
Leading the Way in Sustainable Buildings in New Zealand: First Light Capital’s 2025 NABERSNZ Achievements
First Light Capital delivers on its commitment to sustainable buildings in New Zealand with upgraded NABERSNZ ratings for two key commercial office properties.
Sustainable Property Management – 8 Antares Place
Sustainable property management is a core focus of our long-term asset management strategy at First Light Capital.
Commercial Asset Maintenance – 42 – 50 Totara Avenue, New Lynn
Commercial asset maintenance is a cornerstone of First Light Capital’s approach to long-term portfolio performance and tenant satisfaction.
Setting the Standard: First Light Capital’s Commitment to NABERS Excellence Across Our Portfolio
First Light Capital drives sustainable, long-term value with high NABERSNZ ratings across our property portfolio.
First Light Capital Winter Market Update 2026
Our New Zealand economic commentary for 2026 reflected growing optimism, with inflation stabilising and confidence beginning to recover.
First Light Capital Autumn Market Update 2026
New Zealand Economic Commentary – March 2026 New Zealand has experienced a tough few years economically, and it certainly felt in the first two months of this year that we were firmly on the road to recovery. Since late February however, the world has been rocked by...
First Light Capital Christmas Market Update 2025
As we approach the Christmas period, there is a noticeably more positive sentiment emerging across the New Zealand economy. While the improved mood is no doubt helped by warmer weather and a particularly sunny spring, there is also a growing sense that the economic...
First Light Capital Spring Property Market Update 2025
Market Commentary: Spring 2025 For those of us who haven’t managed to escape to sunnier climates, this winter has felt particularly long and dark. The first green shoots, cherry blossoms and slightly warmer temperatures are all very welcome – and hopefully a sign of...
First Light Capital Winter Property Market Update 2025
First Light Capital’s Winter Property Market Update 2025 highlights key trends and insights shaping New Zealand’s commercial property market.
First Light Capital Autumn Market Update 2025
Market Commentary: April 2025 The Trump Factor, Tariffs, and Trade Tensions Global markets have been thrown into renewed turbulence following Donald Trump’s return to the U.S. presidency. His announcement of sweeping “Liberation Day” tariffs has sent shockwaves...
Spring Market Update 2023
What a week! New Zealand has been buoyed by an incredible All Black performance, toppling world number one ranked Ireland and setting up a World Cup semi final against Argentina this weekend. If you’re reading this from France, enjoy the atmosphere and shout loudly...
Welcome to First Light Capitals Summer Market Update 2023
Welcome to First Light Capital’s summer market update February market update Firstly, the team at First Light Capital would like to say that our thoughts are with all those who’ve been affected by the unprecedented flooding across the North Island over the past week....
First Light Capital Market Commentary – March 2022
A lot has been happening in New Zealand’s economy over the past six months – with inflation now clearly evident across all sectors of the economy from food and fuel, through to interest rates and retail goods. In this report, we look at how the New Zealand economy is...
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