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Press, 22 July 1989, Page 32

BCP sale Brierley Cromwell Property (BCP) House In Auckland’s Whitaker Place has been sold unconditionally to a private Japanese investment company, Marshaw Enterprises, for $18.7 million. BCP House was completed in 1987 and comprises 4656 sq m with nine levels of offices, two levels of apartments and four levels of basement which contain 70 carparks. The price reflected a yield of 8 per cent on the building’s rental roll. Chinook well Broken Hill Proprietary . Company said its Chinook No. 1 well in the Carnarvon Basin off Western Australia has flowed 4.3 million cubic feet of gas a day in its second production test. The flow had a condensate ratio of 64 barrels a million cu ft in a test on an eight-metre zone between 2627 and 2635.5 m. Preparations are under way for a final production test. BHP runs and owns 45 per cent of Chinook. Its partners are Mobil Corporation with 35% and Indonesian Petroleum, 20%. Amcor facility Australian packaging and pulp and paper . manuf l c , l turer, Amcor, said it wii raise SUS2SO million ($NZ435.5M) th , r ° ug * no a finance facility in Hong Kong. The facility, Amcor s largest to date, is in the form of transferable loan certificates with Euronote options, Amcor said In a statement. GPT payout General Property Trust said it would distribute a record SNZ49.I million, or Aust7.sc a unit, to unitholders for the quarter ended June 30. The distribution lifts the half-year payout to Austl3.sc a unit, an increase of 15.4 per cent on the corresponding period last year and equivalent to a yield of 10.4 per cent per annum, based on a closing price for GPT of Aust244c a unit on June 30, the trust said.