News

Proportionate ownership popular

Wednesday 4th of February 2015

The proportionate ownership scheme of Cardinal Logistics’ warehouse building on Westney Rd, Mangere, was the third scheme offered by Oyster last year.

It was offered with a likely termination date, which means investors may be liable for capital gains tax on the property.

The property will be sold after five years unless the investors vote against that.

It had proj...

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.