Bethunes finds backdoor listing candidate in NZ Retail Property Group

Paul McBeth
Wed, 08 Mar 2017

By Paul McBeth March 9 (BusinessDesk) - Bethunes Investments Ltd, the shell that used to be auction house Mowbray Collectibles, has signed a deal with Westgate-subsidiary NZ Retail Property Group for a backdoor listing of its property portfolio and development pipeline.  The Wellington-based company has been looking for suitable investment options after quitting the auction business last year, and today said it has signed a non-binding conditional term sheet with Westgate Power Centre and NZ Retail Property Group, which it says will be th...

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