£750,000 INVOLVED
BIG PROPERTY BEAL [Per United Press Association.] CHRISTCHURCH, March 27. The biggest property deal m the history of the city was completed to-day. it is understood that the total amount involved is about three-quarters of a million pounds. The buddings and the land constitute a triangular block at the corner of High street and Lichfield street, occupied by W. Strange and Company, retailers of drapery, hardware, boots, and furniture—one of the biggest retail firms in the city. The land and buildings have been bought by a syndicate, members of which are not disclosed; but it is believed that two lending members arc Mr T. Armstrong, the head of another big city drapery bouse, and Air W. Macbin (manager of the Fanners’ Co°P|The stock-in-trade of Strange’s has been bought by the Fanners’ Co-op., and the amount paid for the stock is included in the total of. £750,000. The land is three-quarters of an aero in area, and is covered by three-storey buildings.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/ESD19290328.2.19
Bibliographic details
Ngā taipitopito pukapuka
Evening Star, Issue 20136, 28 March 1929, Page 4
Word count
Tapeke kupu
163£750,000 INVOLVED Evening Star, Issue 20136, 28 March 1929, Page 4
Using this item
Te whakamahi i tēnei tūemi
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in