About Us

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Established in 1983, UPC built its foundations through ventures in various businesses, including Waikato Milking Systems, MARAC Finance (now Heartland Bank) and others.

Today, the business focuses primarily on long-term industrial property investment and development. UPC holds significant landholdings across premium industrial precincts and is one of the largest private owners of land in Penrose, partnering with tenants to deliver tailored industrial property solutions.

Property Investment

UPC focuses on strategic property assets in Auckland and throughout New Zealand. With over 40 years’ experience in property investment, UPC has acquired extensive land holdings comprising a mix of commercial and industrial land and building ownership, as well as the freehold interest in several leasehold portfolios.

Continued investment and redevelopment of these holdings allows UPC to add value to existing assets on an ongoing basis. UPC also holds a strong mandate to acquire large commercial and industrial assets nationwide. Being privately owned gives UPC the flexibility to be nimble, offering tenants a range of solutions to suit their business needs, including joint ventures and other investment structures.

Property Development

As a strategic investor in long-term land assets, UPC has positioned itself to capitalise on well-located property in some of Auckland and Hamilton’s most sought-after industrial and commercial hubs.

UPC is committed to delivering state-of-the-art commercial and industrial design-and-build packages that meet the needs of growing New Zealand businesses, with a flexible approach to varying lease and building requirements. This underpins UPC’s philosophy of building long-term tenant relationships and providing ongoing support for future premises needs.

Executive Team

Michael Reid

Michael Reid

Director
+64 9 374 0060
Jonny Reid

Jonny Reid

Managing Director
+64 9 374 0067
+64 21 769 071
Simon Mabin

Simon Mabin

Head of Property
+64 9 954 0824
+64 21 762 246
Pete Hall

Pete Hall

Financial Controller
+64 9 374 0065
+64 21 026 59116

History

UPC was established in 1983 operating as a financial intermediary. Eleven years later UPC acquired MARAC Finance Limited, which grew to become one of New Zealand’s leading finance companies trading today as Heartland Bank – the first New Zealand registered bank to be listed on the NZX.

In 1999 MARAC Finance was sold to Pyne Gould Corporation and UPC established UPC Capital as an investment banking company investing in both trading companies and property investments.

Numerous ventures were undertaken by UPC in the ensuing years, most notably the acquisition of TCL Hunt Limited and the facilitation of a management buyout of Waikato Milking Systems Limited; New Zealand’s largest manufacturer and producer of diary milking systems. These trading entities were sold in 2014 with the focus shifting to long term property acquisitions.