Commercial

Urbus sells Wellington property

Listed property investor Urbus Properties Limited has sold an office building in central Wellington for $5.9 million.

Tuesday, July 27th 2004

The company said the sale price was above the property's current book value.

The Boulcott St property is currently leased by the Department of Conservation.

After this transaction the mix of properties owned by Urbus as part of its $402 million portfolio will be 45% retail, 35% industrial and 20% office. Urbus now has 70% of its properties, by value, in the Auckland region.

Shares in the company were up 1 cent this morning at 96 cents, having traded between 87 cents and 97 cents over the past 12 months.

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Property investors refocus on cash flow

Unity First Home Buyer special	3.99
SBS FirstHome Combo	3.99
ICBC	4.25
Co-operative Bank - First Home Special	4.39
TSB Special	4.49
ANZ Special	4.49
ASB Bank	4.49
SBS Bank Special	4.49
Unity Special	4.49
Westpac Special	4.49
Kiwibank Special	4.49

TSB Special	4.00
Kainga Ora	4.49
Kiwibank Special	4.49
ICBC	4.59
Unity Special	4.65
ANZ Special	4.69
SBS Bank Special	4.69
Nelson Building Society	4.69
BNZ - Std	4.69
AIA - Go Home Loans	4.75
ASB Bank	4.75

ICBC	4.99
Kainga Ora	5.15
BNZ - Std	5.29
SBS Bank Special	5.29
Kiwibank Special	5.39
TSB Special	5.39
Westpac Special	5.49
Co-operative Bank - Owner Occ	5.49
BNZ - Classic	5.59
ASB Bank	5.69
AIA - Go Home Loans	5.69

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank	5.65
Kainga Ora	5.69

Commercial

Urbus sells Wellington property

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