Investors support $232m syndicate

Friday 27 February 2004

A new $232 million property entity has emerged from Wellington's St Laurence Group after widespread acceptance of its syndicate offer.

By The Landlord

Now, St Laurence wants to transform itself into a more active entity, aiming for a sharemarket listing and to form joint ventures with various developers to change at least half its real estate holdings.

St Laurence managing director Kevin Podmore said yesterday 86 per cent of investors in 13 property investment funds accepted an offer made late last year and were issued with property notes.

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.

Commercial

Demand challenges for commercial sector

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

Mortgages

Mortgage rates may be at cycle low: ASB

Take note, investors: It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.

Site by PHP Developer