NZ Retail Property Group closes in on target

NZ Retail Property Group is getting closer to the $75 million target it set for funds raised from asset sales from its $700 million portfolio.Units at the NZ Retail Property Group's Tauranga shopping centre Fraser Cove have been selling at auction, netting the company more money to pay investors pay the $12 million contingency for an old bond issue.The outdoor style Fraser Cove shopping centre was completed in 2002, with 1000 car parking spaces to its 19,000sq m of retail.
 

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