Caniwi commits another $26m to property portfolio

Pattrick Smellie
Mon, 24 Jul 2017

By Pattrick Smellie July 24 (BusinessDesk) - Wellington-based investment group Caniwi Capital has spent $26 million in two regional commercial property plays: $21 million for a specialist cool store in the so-called 'Golden Triangle between Auckland, Hamilton and Tauranga, and a $5 million 'big box' store site in the Wellington satellite suburb of Petone. The coolstore purchase, at Waharoa, is served by both road and rail and is typical of the deals favoured by Caniwi's principal, Troy Bowker, who seeks long-term buy and leaseback options...

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