AMP Capital to sell 18 NZ properties worth more than $1B to Canadian institutional investor

Thu, 10 Jul 2014

By Tina Morrison July 10 (BusinessDesk) - AMP Capital Investors has agreed to sell 18 New Zealand properties worth more than $1 billion to Canada's Public Sector Pension Investment Board. The sale, which is subject to Overseas Investment Office approval, "highlights the strength of the New Zealand economy and its status as an attractive investment destination," AMP Capital Property Portfolio general manager Stephen Costley said in a statement. AMP Capital will continue to provide management services for the portfolio, which includes comme...

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