News
Deal helps bridge Newmarket's yield gap
Tuesday 30th of March 1999
The Newmarket Property Trust's surprise move that it is to buy 90 per cent of the AA Centre in Downtown Auckland for $19.9 million has been well received by unitholders. Units in the trust rose 6c to close at 68c on Tuesday on volumes of nearly 900,000.
Newmarket originally intended to merge with the National Property Trust, then buy the AA Centre, however unitholders, on Thursday, reject...
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