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 LandlordPero 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
Uncertainty continues to cast its shadow over the housing market but economist Tony Alexander has put together a list of reasons which offset the negatives and mean the market remains well-supported.
Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.
Auckland ’s long-term future is sound as well situated residential developments will always sell and demand for affordable housing remains strong, a leading non-bank property financier says.
New mortgage borrowing rose by roughly $1.6 billion in May as the property market showed signs of recovery from the Covid-19 lockdown.