Building shares up for sale

Wednesday 4 August 2004

The former head of Bayleys Waikato has started a new property investment company and says his departure from the firm was "a blessing in disguise".

By The Landlord

Former franchisee Mark Winter has launched a new business specialising in proportionate ownership schemes and says he has learned from mistakes.

He wants investors to buy into a new scheme to own a share of a building on the corner of Great South Rd and Greenlane Rd in Auckland, where he is projecting an 8.67 per cent return.

Winter's new company, Oyster Property Group, is offering investors 75 units in the office building for $100,000 each and although the offer was launched only about a week ago Winter said he had already sold 10 units.

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