ING Property Trust announces sale
15th Oct 08, 2:25pm
by
ING Property Trust announced the unconditional sale of the Woolworths building in Taupo for NZ$8.6 million. "The lower average value of individual assets is one of the strengths of the Trust's well-diversified portfolio. This provides greater flexibility to continue to complete asset sales in the current credit environment that has seen larger institutional investors withdraw from the market," said General Manager of ING Property Trust Management Limited Peter Mence.
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