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Property For Industry merger with Direct Property Fund is fair, advisers say
By Tina Morrison May 22 (BusinessDesk) - Property For Industry's proposed merger with Direct Property Fund to create an $800 million industrial property empire is fair, according to independent appraisals released today. Independent directors of both companies today recommended...
NZ Post sees no impact on debt on issue from S and P lowering rating outlook
May 22 (BusinessDesk) - New Zealand Post, the state-owned postal service, says Standard & Poor’s move to lower the outlook on its A+ credit rating won’t affect debt on issue or create any problems for its financing activities. S&P yesterday affirmed the ratings of NZ Post and i...
DNZ annual earnings fall 14 percent, signals $80M capital raising for new acquisitions
By Paul McBeth May 22 (BusinessDesk) - DNZ Property Fund, a diversified property investor, reported a 14 percent fall in annual earnings and plans to raise $80 million in a placement to institutional investors and a share purchase plan to help pay for two new acquisitions. Di...
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