Sharemarket newcomer Urbus Properties has announced a $12.1 million half-year after-tax profit and says it has $375 million worth of properties.
Wednesday, October 29th 2003, 6:11AM
by The Landlord
Chairman Denis Thom said the unaudited result for the period to September 30 was due to its larger real estate portfolio.
Urbus is focusing on buying bulk retail and industrial properties and has sold non-core properties this year, with an emphasis on pulling out of Wellington.
