Panel probes Money Managers unit
Money Managers' property arm is being hauled before the Takeovers Panel over a deal to get control of a $25.5 million bundle of properties where Big Fresh is an anchor tenant.
Thursday, December 11th 2003, 2:32AM
by The Landlord
The panel said yesterday that Dominion Retail Property Funds announced last Tuesday it wanted to buy all the shares and bonds of Tri-City Properties. This investment scheme is a commercial real estate syndicate that owns a Big Fresh in Tauranga, and Napier and a Mt Wellington shopping centre with a Big Fresh and 15 speciality stores.
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