Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NPT To Acquire The Warehouse Building at Eastgate

PRESS STATEMENT

For immediate release
28 January 2001


“National Property To Acquire The Warehouse Building at Eastgate”


The National Property Trust advises that it has entered into a sale and purchase agreement with Eldamos Investments Limited, a subsidiary company of The Warehouse Ltd, to acquire The Warehouse property at the Eastgate Shopping Centre for $9.135m.

The agreement is now unconditional and settlement will take place on 1 February 2002. A long term lease to The Warehouse Limited is in place.

The property, which is the largest The Warehouse retail store in the country, will be integrated into the adjoining shopping centre, which is currently being extensively redeveloped, and will boost the total retail area to approximately 30,500 square metres. On completion, Eastgate will have a total value of more than $70 million.


For further information contact:

Paul Dallimore
Executive Chairman
The National Property Trust Limited
P O Box 4445
CHRISTCHURCH


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Land Report: Issues With Soil Degradation

An environmental report released today has found we are damaging and losing our soils and our native plants and animals. More>>

ALSO:

Water Quality Report: Cause For Optimism

National River Water Quality Trends released by Land, Air, Water Aotearoa (LAWA) this week, reveal that for all river water quality parameters monitored over a 10 year period, more sites were improving than deteriorating. More>>

ALSO:

IMF Report On NZ: Positive Economic Outlook

Minister of Finance Grant Robertson has welcomed the IMF’s Concluding Statement, released following its annual visit, which provides an independent assessment of the strength of the New Zealand economy. More>>

ALSO:

Retail Power Price: Review Panel Named

The Energy and Resources Minister Megan Woods has released the details of who will sit on an expert advisory panel which is tasked with leading a review into the price of electricity in New Zealand. More>>

ALSO:


Increasingly Disruptive Threats: Govt Cyber Security Refresh

Broadcasting, Communications and Digital Media Minister Clare Curran today announced a comprehensive refresh of New Zealand’s approach to cyber security. More>>

ALSO:


Regional Growth: Action Plan To Modernise Taranaki’s Economy

The Provincial Growth Fund (PGF) will invest up to $20 million to help future-proof the Taranaki region by diversifying its economy, creating additional jobs and leveraging off the strong base the region has established through its oil, gas and agricultural ... More>>

ALSO:

Winding Down Irrigation: Funding Ends For Crown Irrigation Investment

The Government has begun winding down public funding for large-scale irrigation through Crown Irrigation Investments Limited (CIIL), in line with the Coalition Agreement and the Confidence & Supply Agreement. More>>

ALSO: