One syndication away, another offers underwritten units

A commercial property closed fully subscribed last week while the underwriter of another is trying to sell its units.

Oyster Group’s proportionate ownership opportunity in the NZ Racing Board’s head office in Petone closed fully subscribed.

It is the second proportionate ownership scheme offered by the company in Wellington this year, both projecting 10% a year pre-tax cash returns, paid monthly. 

Investors acquired 67 interests at $100,000 each in the Racing Board’s six-storey head office at 106-110 Jackson St in Petone. 

 

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