ANZO welcomes new cornerstone investor and management company partner
January 15, 2004
AMP Capital Investors today confirmed that 50% of AMP NZ Office Trust’s (ANZO) management company has been transferred to Ronin Property Group and that Ronin Property Group has acquired, from National Provident Fund, a cornerstone investment of 30% in ANZO.
AMP Capital signalled these transactions in December when it unveiled a series of major initiatives to enhance the performance of ANZO. Ronin Property Group purchased the units in two transactions, 5% prior to Christmas and a further 25% following a 15 Business Day “notice and pause” period required by the NZX.
The intended unit buy-back also announced in December is dependent on ANZO receiving confirmation from the IRD on its tax treatment of any buy-back proceeds. ANZO’s application is currently before the IRD.
Contact:
Jane Anderson
T +64 4 494 2260
M +64 4 027 4502 325
E jane.anderson@ampcapital.com
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