News

VPM unitholders do better than expected

Wednesday 16th of July 2003
Investors in the troubled Victoria Park property fund are likely to get about 83c per unit for their investment now that manager St Laurence Group has sold the Auckland landmark to property development company Kitchener Group for $14.1 million.

This is a good outcome for investors, as the property had an independent valuation of $11.85 million in March 2003.

“Victoria Park Market has mad...

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