Trans Tasman Properties to move to Singapore

Monday 15 November 2004

Trans Tasman Properties (TTP) said today it was shifting to Singapore.

By The Landlord

The move was the result of the successful implementation of its counter-cyclical investment strategy in Asia, the company said.

"The board has felt it prudent to consider at this point of time whether the current management structure of the group is efficient from both an asset management and fiscal perspective," executive chairman Don Fletcher said.

"The board has resolved in the best interests of the company to shift Trans Tasman's head office, along with primary control, management and administration of the Trans Tasman group's assets, to Singapore."

The move would allow management to be closer to TTP's significant investments.

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