Gulf Harbour land sold for $1

Wednesday 14 July 2004

AMP NZ Office Trust and Macquarie Goodman have dominated the latest foreign transaction property deals.

By The Landlord

But a $1 transaction between Gulf Harbour developer Jamie Peters, of Starline Group, and Singaporean interests on land north of Auckland, appears to be the deal of the year.

The Overseas Investment Commission has cleared Peters' Auckland Property Group to sell the Eastern Marina carpark, comprising just under 1ha of the Whangaparaoa Peninsula's Gulf Harbour, to Singapore's Gulf Harbour Investments for $1.

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