News
NZRPT sells assets to fund redemptions
Thursday 10th of September 1998
The New Zealand Rural Property Trust has decided to sell up to $10 million worth of farms to fund unit redemptions.Chief executive Tim Ryan says this move is consistent with the trust deed, as well as being something that was signalled to unitholders late last year.
To date the Ngarua dairy unit and just over half of the 12 blocks that make up the Tarlair property have been sold.
Ryan...
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