Goldfields open to investors

Tuesday 5 October 2004

Property investors will have the chance to invest in a Thames shopping centre after its owners agreed to sell.

By The Landlord

Sweetman Priestley Investments has bought Goldfields Shopping Centre after a tender process. Now it proposes to syndicate the investment under a joint venture scheme for investors to be involved in the ownership of the mall at $100,000 per investment with a 9% return.

"It's our intention to offer people of the region an opportunity to invest and gain financially from what we consider to be an icon of the region," says Phill Priestley of the property investors.

"For the very first time local investors have an opportunity to take some ownership in their area."

Sweetman Priestly Investments has a portfolio of properties in the Auckland region. Goldfields was sold by tender at an undisclosed price. Tenders closed a day early due to the level of interest from New Zealand and abroad.

Read More - Opens in a new window
Commenting is closed

Property News

Why the future is not bleak for the housing market

Uncertainty continues to cast its shadow over the housing market but economist Tony Alexander has put together a list of reasons which offset the negatives and mean the market remains well-supported.

House Prices

S&P forecast 10% house price fall

Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.


Advisers buoyed by strong property market

The New Zealand property market has emerged strongly out of lockdown, according to mortgage advisers, who say they are busy as ever this winter.

Site by PHP Developer