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

 


Oyster’s Mega Offer Closes Over Subscribed

NEWS RELEASE
29 November 2012
Oyster’s Mega Offer Closes Over Subscribed

The Oyster Group’s proportionate ownership opportunity in the Lincoln Road MEGA Mitre 10 property has closed substantially over-subscribed.

It is the second Mitre 10 proportionate ownership scheme offered by the company this year, with the first in Pukekohe, Auckland closing early - again due to over-subscription.

Oyster Group Chief Executive, Mark Schiele, said the company had made available to investors 140 shares at $100,000 each in Mitre 10’s 14,000 m2 flagship West Auckland MEGA centre which is located on a 2.7 hectare site in Henderson, Auckland.

According to Mitre 10 New Zealand, the operation is one of their top three performing stores in New Zealand.

Mark said a combination of factors including superb location, built in rental growth, strong tenant and strong business profile offered had attracted savvy investors.

The investment scheme and property will be managed by Oyster which manages over $500 million in property around the country.

Mark said proportionate ownership of commercial property allowed groups of individuals to invest in assets of significant value and scale without the hassle of day-to-day management.
- ends –

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news