Page 22 Advertisements Column 2

Press, 15 February 1986, Page 22

Advertisement Further properties acquired by Mutual Funds: Portfolio now totals 158

SOLD At Bond Street, Dunedin, an 8-storeyed office building has been sold to Sherburn Holdings Limited. Fay Real Estate Ltd negotiated the sale. No. 142 At Springs Road, East Tamaki, a 44805 q m office/warehouse building has been purchased from Canning Developments Ltd for $2,260,000. When new front offices are completed, the property will be leased long-term to Dominion Breweries Ltd. Dennis Clarkson of Bayleys Real Estate Ltd negotiated the sale. No. 143 At Cnr Springs and Allens Road, East Tamaki, an existing office/factory building of 34795 q m has been purchased from Canning Developments Ltd and will be sub-leased to Feltex Wool Group Ltd. After upgrading, the cost is expected to be $1764,500. Dennis Clarkson of Bayleys Real Estate Ltd was the agent involved. No. 144 At Allens Road, East Tamaki, an existing warehouse building of 24825 q in has been purchased for $980,000. The building is leased to Goode Industries Ltd for six years. Dennis Clarkson of Bayleys Real Estate Ltd negotiated the sale. No. 145 At Annex Road, Christchurch, an 883 sq m factory/office building will be constructed by Pavletich Properties Ltd and leased for 12 years to Computer Transport Services N.Z. Ltd. The completed property which was introduced by Roger Bridge of M. B. Cook and Co, will be $403,000. No. 146 At 55 Maurice Road, Penrose, an existing factory/office building of 27285 q m leased to James Hardie Electrical Ltd for eight years, has been acquired from Baker Developments Ltd at a cost of $1,706,000. No. 147 At 1/69 Portage Road, Otahuhu, a newly-con-structed factory/office building of 20705 q m leased to Reese Bros Plastics Ltd for ten years has been acquired from Unity Developments Ltd. The parties were introduced by John Jaggard of Bayleys Real Estate Ltd. No. 148 At 2/69 Portage Road, Otahuhu, an 1800 sq m factory/office building is being constructed by Unity Developments Ltd and will be leased for 12 years to Colt N.Z. Ltd. The total cost is expected to be $1,086,000. John Bayley of Bayleys Real Estate Ltd was involved in the purchase. No. 149 At 579 Great South Road, Manukau City, a 20995 q m warehouse/ office building leased to Kimba Investments Ltd (1.C.A.) for eight years as a cricket arena, has been purchased from Baker Developments Ltd at a cost of $1,180,000. No. 150 At Cnr Great South Road and Aramui Street, Penrose, an existing industrial complex situated on 91305 q m of land and leased to Fletcher Trust and Investment Company Ltd for 20 years, has been acquired for $1,400,000 John McDonald of Barfoot and Thompson Ltd, Milford; introduced the parties.