Trust first
NZl’s Prime Property Trust has made its first property acquisition, Equiticorp House in Auckland, for $16.5 million. The purchase comes more than six months after the trust was launched, a delay that reflects the difficulty in securing prime real estate in today’s property market, says NZI Trust’s marketing manager, Mr Chris Murray. To date, NZI Prime Property Trust is the only property trust currently on the market to have announced a definite property purchase.
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Bibliographic details
Press, 14 May 1987, Page 27
Word Count
76Trust first Press, 14 May 1987, Page 27
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