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Pacific Property raises over $37m in three weeks to buy more assets

The fund used the capital to buy $52 million of industrial property in Palmerston North and Hamilton.

Andrew Bevin Mon, 17 Dec 2018

Property Managers Group’s Pacific Property Fund has fully subscribed its largest offer to date, securing $37.44 million capital in three weeks to buy two additional industrial properties.

The Tauranga-based commercial property fund established five years ago offered 36 million shares in

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Andrew Bevin Mon, 17 Dec 2018
Contact the Writer: andrew@nbr.co.nz
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Pacific Property raises over $37m in three weeks to buy more assets
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