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Oyster’s Supermarket Closes Oversubscribed
16 August 2011
Oyster’s Supermarket Closes Oversubscribed
Oyster Property Group’s recent proportionate property ownership opportunity in a Papakura Countdown supermarket has closed over-subscribed.
Oyster Property Group Director, Mark Winter, said 48 shares of $100,000 had been made available to the public.
“We’re pleased with the success of this offer and have completed the sale of all shares in the supermarket,” Mark said.
“The over-subscription is a good indicator that many investors are viewing the security of well-located and soundly tenanted commercial real estate as a prudent investment.”
He said while the share market and global currencies continue to experience fluctuations in values, many investors are shifting away from these to other investments including commercial property.
“The Countdown supermarket offered a high level of security for investors which was an attractive bonus on top of the excellent underlying fundamentals of the commercial land holding.”
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