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ING Property Trust increases Calan Holding

09 March 2006

ING Property Trust increases Calan Holding

ING Property Trust (INGPT) today advised it has purchased 7.55 million units in Calan Healthcare Properties Trust (Calan) at $1.24 each on market.

The purchase takes INGPT’s holding in Calan from 5.4% to 10.8%, just above the target level initially sought through a stand in the market last month. This brings the combined holdings of INGPT and ING (NZ) Limited to 19.98%. INGPT’s managing director Andrew Evans said:

“We are disappointed that we have had to withdraw our Restricted Transfer Notice in the face of the Ferrier Hodgson report. However, we feel vindicated on our view of value given the rapid response to our on market purchases.”


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