Covenant Trustee Services Ltd (“Covenant”) specialises in providing trustee or supervision services over:
- Retirement Villages
- Managed investment schemes
- Debt and NBDT issues
- Escrow services
- Corporate Trust Services
Corporate Trust Services
Corporate trust services entails the supervision of debt securities, property managed investment schemes, forestry schemes, and unit trusts. However the sectors supported have varied over the years depending upon the commercial, legal and tax drivers. A key point of difference is the ability to add value to enhance the project as well as investor interests by being pro-active, identifying potential issues and dealing with them before they become a crisis. That said Covenant has a real capacity to add value in a crisis situation with win/win outcomes.
Retirement village supervision occurs under the auspices of the Retirement Villages Act 2003. Covenant supervises the majority of New Zealand’s retirement villages and is recognised as the market leader. With a multi-disciplinary team Covenant provides knowledgeable and effective support to both operators and residents. The settlements function is provided in-house ensuring a responsive and cost effective service to residents.