Foreign social housing providers would be cash-flow positive for NZ, PM Key says

Mon, 29 Jun 2015

By Paul McBeth June 29 (BusinessDesk) - Foreign organisations bidding for the government's social housing stock would have to stump up a lot of cash upfront, meaning it would be a very long time before they would be able to repatriate any profits back home, Prime Minister John Key says. Speaking at his weekly post-Cabinet press conference, Key said an overseas bidder would have a large capital outlay in buying housing stock and participating in a social housing provision contract, which would be cash-flow positive for the nation. Key's ad...

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