Turners buys Wiri property for anticipated business growth – Ryman buys at Hobsonville – Metlifecare unconditional on Red Beach site – New alliance between Auckland & Napier ports – Stride acquisition of 2 Westfield malls gets OK
The Emerald Gisborne Property Trust, which changed its name from Dorchester Property Trust last August, has sold the last of the 4 properties it held when parent NZX-listed company Dorchester Pacific Ltd ended its moratorium in 2010.
Turners Ltd (the former Dorchester Pacific Ltd) has put on the market the last of 4 properties it dropped into a separate trust in the wake of the global financial crisis to protect the value of its mortgage portfolio.
5 apartments sell at Ray White auction – Turners buys second property for truck & machinery business – On the move & 2 auction stories – And this morning’s Reserve Bank announcement on the official cashrate
2 investors in the property trust Dorchester Pacific Ltd (now Turners Ltd) created 5 years ago as part of its exit from a moratorium failed in their bid to oust the trust’s manager on Friday.
Dorchester Hotel Property Trust Management Ltd has sold its biggest asset to a party related to a director as unitholders head to a meeting called by 2 disenchanted investors.