Pero sells control in business

Thursday 11 March 2004

Mike Pero has sold a majority stake in Mike Pero Mortgages to George Gould.

By The Landlord

Pero says the sale of the stake will help take the firm to a "higher level" and that he and Gould Holdings will each retain long-term shareholdings in the company.

Gould is chairman and through Gould Holdings, a major investor in two listed companies, Designer Textiles Limited and Vertex Group Holdings Limited.

Gould says that it will be business as usual under the new ownership structure. No staff positions are affected, nor are franchise arrangements or arrangements with the banks that the company services.

Read More - Opens in a new window
Commenting is closed

Property News

Key reform will only protect bad tenants

Getting rid of “no cause” termination notices only serves to protect bad tenants and will have a negative impact on the broader community, not just landlords, according to landlord advocates.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


Demand challenges for commercial sector

Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.


LVR loosening likely - ANZ

LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.

Site by PHP Developer