976508074
News

NZ's Urbus Sells 3 Wellington Office Blocks for NZ$23.4M

Monday 22nd of September 2003

"The current property environment was proving beneficial to Urbus in helping to achieve good prices for its Wellington properties," Barclay said.

But Urbus is concerned the Wellington office market is having to face "a significant number of challenges including increasing insurance premiums, over renting, building operating expenses and loss of major tenants."

Read More - Opens in a new window

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.