
Investments
NGC House value not maintained
Monday 10th of July 2000
The one Dominion Funds property syndicate to suspend distributions, the Terrace fund, bought the 10-storey Natural Gas Corporation House at 22 The Terrace for $12.25 million on a 13.2% capitalisation rate.
Investors would have had to read the prospectus very carefully to spot the over-renting acknowledgement, especially with a valuer's chart forecasting steady rent rises in the Wellington c...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
Latest News
3 min read
2 min read
3 min read
Latest Comments