Trans Tasman looks to the waterfront

Sunday 23 May 2004

Trans Tasman Properties has announced a move to buy large chunks of Auckland's waterfront and plans for a high-rise apartment tower in the city.

By The Landlord

Trans Tasman chairman Don Fletcher also told shareholders at the company's AGM in Auckland on Friday that negotiations were under way to buy into Clearwater, a large Christchurch property project.

On April 8, Trans Tasman's majority shareholder, SEA Holdings, made a full takeover offer for the shares it does not own, a deal which has been rejected in an independent report as neither fair nor reasonable.

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