L. Mills in purchase
PA Wellington Health services company Les Mills Corp, Ltd, and Kimberley Securities, Ltd, of Australia, have purchased a commercial office building in Canberra through a jointly owned subsidiary, Groveway, Ltd. The , building was bought for SNZ6 million, the company said. The purchase is the first in what is expected to be a growing relation-
ship between the two companies which are linked by Auckland based Investment Finance Corp, Ltd, which has a shareholding in both companies. The building in central Canberra is almost fully occupied by the Commonwealth Government of Australia and following a rent review recently will have a value considerably greater than the purchase price, the company said.
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Press, 15 July 1987, Page 44
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114L. Mills in purchase Press, 15 July 1987, Page 44
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