Property investors will have the chance to invest in a Thames shopping centre after its owners agreed to sell.
Tuesday, October 5th 2004, 8:55AM
by The Landlord
Sweetman Priestley Investments has bought Goldfields Shopping Centre after a tender process. Now it proposes to syndicate the investment under a joint venture scheme for investors to be involved in the ownership of the mall at $100,000 per investment with a 9% return.
"It's our intention to offer people of the region an opportunity to invest and gain financially from what we consider to be an icon of the region," says Phill Priestley of the property investors.
"For the very first time local investors have an opportunity to take some ownership in their area."
Sweetman Priestly Investments has a portfolio of properties in the Auckland region. Goldfields was sold by tender at an undisclosed price. Tenders closed a day early due to the level of interest from New Zealand and abroad.
