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Cancellation of purchase of Finance Centre

15 October 2004
MEDIA RELEASE

Capital Properties New Zealand Limited announces cancellation of conditional agreement for purchase of Finance Centre, excluding the Simpson Grierson Building.

Capital Properties New Zealand Limited announced today that it has not satisfied the due diligence provisions of the conditional contract entered into with Trans Tasman Properties Ltd to acquire the Finance Centre excluding the Simpson Grierson Building. Accordingly the agreement has been cancelled.

ENDS


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