Caniwi in $60.5M Wellington commercial property spend-up

Wed, 10 Apr 2013

April 11 (BusinessDesk) - Wellington private equity investor Troy Bowker's Caniwi Capital is spending $60.55 million to purchase two central Wellington commercial properties on long term leases to the ANZ and Victoria University, taking the firm's total asset base to more than $100 million. The larger of the two transactions is for a building in a fringe CBD location in Tory Street, valued at $46.25 million, which Caniwi will buy from Ian Cassell's The Wellington Company once a complete refit is finished in May. ANZ Bank is the anchor tenant...

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