Smith & Caughey-related trust selling Remuera rest home
The trust must start another care facility or give almost half of Smith & Caughey's away.
Andrew Bevin
Tue, 11 Feb 2020
The rest home trust with a 48% share of the Smith & Caughey retail empire has decided to sell its expansive Remuera property – but there’s a catch.
The trust has to reinvest proceeds from the sale into a new care facility or give away millions in assets.
The site at 17 Upland Rd, Remuera,
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Andrew Bevin
Tue, 11 Feb 2020
Contact the Writer: andrew@nbr.co.nz
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Smith & Caughey-related trust selling Remuera rest home
Property,
82494