Generally, our investors have a long-term investment outlook and therefore investments with Oyster are for an indefinite period. Depending on the structure of the investment, investors may be able to exit their investment through Oyster’s secondary market facility.  

 

At the time of a re-sale enquiry, Oyster will provide an investor a summary of the fund’s performance and comparable re-sale evidence (if applicable) to assist the investor in establishing their asking price. Investors are responsible for setting the asking price and their preferred settlement date, prior to Oyster marketing the investment for re-sale. 

 

Once an asking price and settlement timeframe is agreed with the existing investor, they can consider the  following options to sell their investment:

 

1. market to select Oyster investors or prospective investors (without formal advertising) who have previously  expressed their interest to invest in the fund; 

2. market to all existing Oyster investors within the fund; and/or

3. market to all existing Oyster investors outside of the scheme and all prospective investors who subscribe to Oyster’s new offers and re-sales.

 

Oyster always take instruction from the seller to choose their preferred method(s) of sale. The past re-sales, the latest quarterly investor update, annual report and audited financial statements are made available to all prospective investors. A copy of the governing deed and latest valuation is also available on request. Oyster prepares all the sale documentation which consists of a sale & purchase agreement for the interest(s) and a deed of accession which binds the new investor to the terms of the existing scheme. The fully executed documents are then returned to Oyster and the purchaser deposits their funds to Oyster to be passed onto the vendor on settlement date. Generally, investors prefer to settle at the end of the month to avoid apportioning monthly distributions, however if both parties agree a specified settlement date, Oyster can accommodate this within the sale & purchase agreement documentation. 

 

Oyster may charge an administration fee, of up to 2% plus GST of the transaction value, for arranging the successful transfer. This fee is always payable by the seller. 

 

Oyster provide liquidity to investors whatever their reason for wanting to part ways with their investment. Due to our extensive investor database and investor relationships, on average our re-sales have since 2018 have gained commitment from investors in three working days or less following the initial marketing. 

 

In instances where building(s) are sold and a scheme is wound up, all investors are paid out their proportionate share of the scheme’s equity after all costs, including any Institutional  gain.

For Oyster’s Direct Property Fund, the fund accepts monthly redemption requests payable in the following month, subject to the fund’s monthly available funds. Oyster does not charge any fees for redemptions.