By Phil Boeyen, ShareChat Business News Editor
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Wednesday 19th September 2001 |
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The bank is selling and leasing back 34 properties around the country and Tuesday raised more than $12 million from the auction of 18 of the branches in Northland, Auckland, Bay of Plenty and Waikato.
Prices for the bank properties ranged between $152,000 and $1.38 million each.
Colliers Jardine, which is handling the sale, says there's plenty of interest in the properties.
"The branches are a very attractive investment opportunity. They are all well-maintained buildings in good locations and each had the bonus of coming with an exceptional tenant in the ANZ, which is fully committed to each location for a minimum of six years and then has the option to renew," says the real estate firm.
ANZ is selling the branches to focus on its core business of banking rather than on property ownership. A further ten properties will be auctioned in Wellington Wednesday and another six in Christchurch on Thursday
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