AMP NZ Office Trust settles $39.5 million Wellington acquisitionDecember 15 2006 New Zealand’s largest listed investor in prime commercial office property, AMP NZ Office Trust (ANZO), has today settled its $39.5 million acquisition of Wellington’s AXA Centre. The acqusition was announced earlier this week in combination with a placement of new units, a unit purchase plan and an increase in future investor returns on the back of continued strong portfolio performance and outlook. The placement, which closed early on Wednesday due to strong demand, successfully raised $40 million in equity. An A-grade property located on The Terrace, the AXA Centre is 100 percent occupied by institutional and quasi-government organisations, increasing ANZO’s exposure to government tenants and to the top-performing Wellington market. It is also under-rented, providing strong rental growth prospects, as well as synergies with ANZO’s existing portfolio. About ANZOANZO is New Zealand’s largest listed investor in premium and A-grade commercial office property. A unit trust listed on the New Zealand Exchange, ANZO currently owns 12 New Zealand office buildings with a total gross value of more than $1 billion – Auckland’s PricewaterhouseCoopers Tower, ANZ Centre, IAG House and Quay Tower; and Wellington’s State Insurance Tower, Vodafone on the Quay (formerly Mobil on the Park), HP Tower, 125 The Terrace, No. 1 and 3 The Terrace, Pastoral House, Mayfair House and the AXA Centre. Media enquiries: |