Misc

Fund managers in property deals

Fund managers were involved in two significant property announcements yesterday. St Laurence Group is set to buy the Finance Centre in Auckland for a little over $100 million and ING completed its Urbus purchase.

Thursday, August 12th 2004

Trans Tasman Properties Limited is set to sell the Finance Centre Complex in central Auckland to St Laurence Property & Finance Limited.

The conditional deal is for $101.15 million cash and represents around 98% of Trans Tasman's carrying book value for the property

St Laurence has until September 14 to carry out due diligence. The complex comprises four buildings with a total net lettable area of 40,900sq m and 497 carparks. Located on Queen Street, the centre fronts onto both Victoria and Albert Streets.

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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
Westpac Special	4.75
AIA - Go Home Loans	4.75

ICBC	4.99
Kainga Ora	5.15
SBS Bank Special	5.29
Westpac Special	5.29
BNZ - Std	5.29
Kiwibank Special	5.39
TSB Special	5.39
ASB Bank	5.45
AIA - Go Home Loans	5.45
Co-operative Bank - Owner Occ	5.49
BNZ - Classic	5.59

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

Misc

Fund managers in property deals

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