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Finance Minister to Address Property Sector Nov 3

MEDIA RELEASE MEDIA ADVISORY

Monday 30 October 2000

Finance Minister to Address Property Sector at NZPI Conference

The Finance Minister, Dr Michael Cullen will give the opening speech at the inaugural New Zealand Property Institute (NZPI) conference to be held at the WestpacTrust Stadium, Wellington on Friday 3 November 2000. He will speak at 9am. The Property Ball, which will be attended by around 500 property personalities, will also be held at the Stadium that night.

Today, Chief Executive Officer, Conor English said "The property sector plays an important and vital role in New Zealand's economy. What Government does has an impact so we welcome this opportunity to hear from Dr Cullen.

"During the course of this year the NZPI Confidence Index has bounced around, but is substantially down on last year at 32 (baseline 100). This will be an opportunity for Dr Cullen and the property sector to have direct dialogue. With changing economic fortunes in New Zealand impacting on the sector it will be good to hear Dr Cullen's view of the future and where he thinks New Zealand is going.

"In the August NZPI Confidence survey, 76 % of respondents said the Labour -led Government did not understand the key issues facing the construction and property sector. This will be a great opportunity to increase the understanding between this important sector and Government," Mr. English concluded.

The New Zealand Property Institute represents 3,000 property professionals involved in valuation, property management, property consultancy and facilities management.

Contact: Conor English, CEO, Ph 04 384 85 36, email conor@propertyinstitute.org.nz

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