Latest news with #Dazzle
Scoop
15-07-2025
- Business
- Scoop
New Property Fund Targets $1bn, Acquires High-Tech Agri Asset
A new wholesale property investment fund aiming to build a $1 billion portfolio of commercial assets by 2030 is acquiring a flagship coolstore in Hawke's Bay that is transforming the way New Zealand apples are prepared for export. The first asset in the Erskine Owen Veritas Property Fund is set to be a $24 million smart logistics facility operated by Mr Apple, one of the country's largest vertically integrated apple exporters and a subsidiary of NZX-listed Scales Corporation. The 7,000m² coolstore will serve as the Fund's cornerstone investment, under a 20-year triple net lease. Alan Henderson, director at Erskine Owen, says the facility is a strong example of the export-aligned infrastructure the Fund will focus on. 'We chose this site as the fund's foundation because it ticks all the boxes. It is a core industrial logistics facility, under a long-term lease to a globally competitive exporter, located in a region that is vital to New Zealand's agri-economy. 'We're focused on assets that help drive New Zealand's global competitiveness and that perform well in both stable and volatile markets. These are the kinds of buildings that don't go out of fashion, that provide reliable income and that help sectors like horticulture and agribusiness perform at the highest level,' he says The PIE Fund aims to diversify across infrastructure, healthcare, manufacturing, office and retail sectors, with a goal of reaching $1 billion in holdings within five years. Henderson says the capital raise for the Groome Place coolstore is already underway. 'This is a Fund with a long-term growth and diversification strategy, which is intended to spread investment risk across sectors and locations. We are aiming to have $200 million in assets within 12 to 18 months and increase that to a billion dollars within four years after that. 'The asset quality here speaks for itself. There's clear investor appetite for export-aligned infrastructure backed by strong tenant covenants,' he says. The Groome Place site itself is a leap forward for post-harvest logistics. It incorporates advanced design, automation and environmental controls to optimise throughput and quality, allowing Mr Apple to process around 3,000 bins of apples daily. Michael Caccioppoli, head of coolstores, logistics and engineering at Mr Apple, says the new system has cut the time between orchard and packhouse by 25 percent. 'This turnaround speed directly supports export quality, and by shortening the time from picking to cooling, we're able to preserve internal fruit integrity. 'That means apples are fresher when they hit the ships. It improves shelf life, reduces quality complaints and lifts the eating experience for millions of consumers around the world, which is critical as we establish markets for new varieties,' he says. In 2024, 72 percent of Mr Apple's exports were premium varieties like Dazzle, Posy and NZ Queen. The company aims to grow that figure to 75–80 percent by 2027. The new facility supports that ambition with optimised workflows, precision-controlled storage and lower environmental impact, using 15 to 20 percent less CO2 than older sites to slow fruit respiration and delay ripening. Despite its scale, the coolstore is operated by just eight staff thanks to automation and system integration, enabling tight control over environmental variables. The layout has been designed to reduce handling and labour costs while accelerating the flow of fruit through to export. Caccioppoli says the benefits go beyond product quality. 'The system helps protect margin and reduce risk in a volatile global freight market,' he says. Henderson says investors are increasingly seeking assets with reliable returns, and with features that align with environmental, social, and governance (ESG) considerations and export relevance. 'It reinforces our view that there is real demand for high-quality, income-generating assets in this sector. 'The coolstore reflects the kind of high-performance infrastructure we're targeting - efficient, export-driven and future-ready,' he says. The Erskine Owen Veritas Property Fund is now open to wholesale investors, offering access to income-producing infrastructure assets.1 Notes: 1 Important: The Erskine Owen Veritas Property Fund is open only to wholesale investors under the Financial Markets Conduct Act 2013. The Fund is not suitable for retail investors, and there is no product disclosure statement. This above is not an offer or invitation to invest in the Fund. It does not consider any investor's personal circumstances and is general in nature. No guarantees are made as to the performance of the Fund or any repayment of capital or income. Past performance is not indicative of future performance. Investors should obtain independent advice before investing.
Techday NZ
15-07-2025
- Business
- Techday NZ
New property fund targets NZD $1 billion export-focused assets by 2030
A newly established wholesale property investment fund is launching with the acquisition of a coolstore facility in Hawke's Bay valued at NZD $24 million, with ambitions to build a NZD $1 billion portfolio by 2030. The Erskine Owen Veritas Property Fund's inaugural purchase is a 7,000 square metre smart coolstore leased long-term to Mr Apple, the subsidiary of Scales Corporation, which is among the largest vertically integrated apple exporters in New Zealand. The asset marks the fund's entry, under a 20-year triple net lease agreement. Portfolio growth The fund has revealed a strategy to reach NZD $1 billion in holdings within a five-year time frame, by diversifying across sectors such as infrastructure, healthcare, manufacturing, office and retail, targeting income-generating assets with strong links to export activities and environmental, social, and governance (ESG) considerations. "We chose this site as the fund's foundation because it ticks all the boxes. It is a core industrial logistics facility, under a long-term lease to a globally competitive exporter, located in a region that is vital to New Zealand's agri-economy. "We're focused on assets that help drive New Zealand's global competitiveness and that perform well in both stable and volatile markets. These are the kinds of buildings that don't go out of fashion, that provide reliable income and that help sectors like horticulture and agribusiness perform at the highest level," said Alan Henderson, Director at Erskine Owen. A capital raise to support the investment in the Groome Place coolstore is now underway. Henderson stated, "This is a Fund with a long-term growth and diversification strategy, which is intended to spread investment risk across sectors and locations. We are aiming to have $200 million in assets within 12 to 18 months and increase that to a billion dollars within four years after that. "The asset quality here speaks for itself. There's clear investor appetite for export-aligned infrastructure backed by strong tenant covenants," he added. Technology and efficiency The Hawke's Bay coolstore features advanced design and automation, including systems that reduce the time between orchard and packhouse by 25 percent. According to Mr Apple's Head of Coolstores, Logistics and Engineering, Michael Caccioppoli, these upgrades are significant for product quality and competitiveness in export markets. "This turnaround speed directly supports export quality, and by shortening the time from picking to cooling, we're able to preserve internal fruit integrity. "That means apples are fresher when they hit the ships. It improves shelf life, reduces quality complaints and lifts the eating experience for millions of consumers around the world, which is critical as we establish markets for new varieties," he said. In 2024, 72 percent of Mr Apple's exports comprised premium varieties such as Dazzle, Posy and NZ Queen, with a stated aim to expand that to 75–80 percent by 2027. The smart coolstore supports this goal by introducing optimised workflows, precision-controlled storage, and a 15 to 20 percent reduction in CO2 emissions compared with older facilities. The facility is operated by just eight staff, as automation and integrated systems allow for tight control of environmental variables, reduced handling, and lowered labour costs. Mr Apple processes approximately 3,000 bins of apples daily, using technology to accelerate throughput while protecting product quality. Caccioppoli highlighted the broader advantages of the advanced facility, stating, "The system helps protect margin and reduce risk in a volatile global freight market," he observed. Investor demand Henderson commented on current sentiment in the investment community, with more investors seeking reliable income and ESG-aligned assets with export relevance. "It reinforces our view that there is real demand for high-quality, income-generating assets in this sector. "The coolstore reflects the kind of high-performance infrastructure we're targeting - efficient, export-driven and future-ready," he said. The Erskine Owen Veritas Property Fund is now open to wholesale investors interested in income-producing infrastructure assets.
Yahoo
08-07-2025
- Entertainment
- Yahoo
Selena Gomez's Rare Beauty Drops First Luminizing Lip Gloss With Nod to ‘Spring Breakers'
Selena Gomez's Rare Beauty is expanding its palette of lip products with a line of translucent gloss, the first of its kind for the brand. In a rebellious 'Spring Breakers'-themed campaign posted on Monday, the makeup and body care company unveiled the new Positive Light Luminizing Lip Gloss collection, available in six shades: Dazzle, Beam, Flicker, Glimmer, Spark and Blaze, priced at $20 each. 'I wanted to create a lip gloss that feels really good and has a ton of shimmer. It's just so fun to wear,' Gomez said in the press release. More from WWD EXCLUSIVE: 'Love Island USA' Star Leah Kateb Named as Chief Creative Officer and Re-founder of Clean Fragrance Brand Skylar Schiaparelli Sets Slicked-back Hair Trend at Futuristic Fall 2025 Couture Show EXCLUSIVE: Ayesha Curry's Sweet July Skin Launches Lip Treatments The fun-loving spirit of the shimmery product was captured in the punky campaign, inspired by the 2012 thriller in which Gomez starred alongside Vanessa Hudgens, Ashley Benson, Rachel Korine and James Franco. Images shared on Instagram showed a robber in a pink ski mask holding a tube of the luminizing gloss with a sign that read, 'Selena Gomez I Got Your Gloss.' Other videos featured the character driving away in a golf cart at night, leaving their lips lathered in the glistening product, visible in the moonlight. The formula of the gloss is designed to leave a lasting finish with notes of a subtle peach flavor. Though it's not a lip plumper, the shimmer creates the illusion of fuller, hydrated lips. Dazzle and Flicker are the only shades with blue undertones, while Beam and Glimmer boast warm pink and rose gold hues. Spark and Blaze, on the other hand, are infused with brown and bronze tones. Rare Beauty's product expansion hasn't slowed since its initial launch in 2020. Founded originally as a makeup brand, Rare Beauty moved into body care in 2023, dropping lotions, exfoliants, body washes, mists and creams. Before anything launched, Gomez tapped chief executive officer Scott Friedman, who subsequently brought on chief digital officer Mehdi Mehdi and chief product development officer Joyce Kim — all three NYX Cosmetics alums. 'I basically said, 'I want people that have been doing this for so long, who are willing to take a chance and take this journey with me,'' Gomez told WWD in 2021 of building her ideal team. On working with Gomez to formulate a vision for the brand, Mehdi previously told WWD: 'We really tried to absorb as much as we could about what makes [Gomez] so special and why people love her so much and that's kind of where the essence started. In terms of the creative, we took a lot of inspiration from the looks that she's done, the makeup that she's done, the fashion that she's done, her music videos, her personal aesthetic.' Rare Beauty's mission to drive conversations and provide services for mental health awareness, with a focus on underserved communities, is also at the heart of the business through its nonprofit counterpart, the Rare Impact Fund. One percent of all Rare Beauty sales go to the Rare Impact Fund. The goal is to raise $100 million over 10 years. The Positive Light Luminizing Lip Gloss line will be available on Thursday at Sephora, and Launch Gallery: Selena Gomez's Style Evolution Through the Years Best of WWD ColourPop x Lilo & Stitch Collaborate on Mischievous Island Adventures Collection in New Campaign [PHOTOS] Lunar New Year Collections to Know: Details on Fashion, Jewelry and More Brands Embracing the Year of the Snake Valentine's Day Collections to Know: Details on Fashion, Makeup, Jewelry and More Brands Giving Products a Touch of Love, Live Updates
