About Us

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UPC is a private investment company that for over 30 years has owned a number of well-known New Zealand brands including MARAC Finance and Waikato Milking Systems.

Today UPC focuses on long term property investment opportunities principally in Auckland, but also throughout New Zealand.

UPC has an ongoing appetite to develop existing land holdings for long term tenants and continue to acquire strategic property assets to build on the existing portfolio.


Michael Reid

Michael Reid

+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
Campbell Baker

Campbell Baker

Asset Manager
+64 9 954 7542
+64 22 473 8223
Pete Hall

Pete Hall

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


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.