New Zealand property investment company, Urbus Properties Ltd. (URB.NZ), Tuesday said it has sold an office building for NZ$4.8 million, about NZ$500,000 above the current book value.
Wednesday, July 14th 2004, 8:19AM
by The Landlord
"This property was identified as part of the Urbus Properties strategic plan as being for sale in the short term," Urbus chief executive Murry Barclay said in a statement to the stock exchange.
The office building, located north of Wellington in Palmerston North, was sold unconditionally to an unidentified buyer.
