News Round Up

New Mortgage Centre, Tower looks at acquisition, St Laurence buys, ING profit up, news this week.

Monday, November 28th 2005, 6:53AM

New Mortgage Centre
While the news for borrowers isn’t flash on the interest rate front with rates rising, there is some good news. Today the new-look Good Returns mortgage centre has gone live.

The mortgage centre is a redesign of this site’s comprehensive mortgage rate section. The key change is that when you visit the mortgage section of the site there is now a central opening page that pulls together lots of information from the mortgage pages in the site.
Check out the mortgage centre here.

Tower looks at Prefsure
Tower has confirmed it may bid for Prefsure Life Ltd, the Australian unit of South Africa's Liberty Group. Liberty, South Africa's third-biggest insurer is looking to sell PrefSure to focus on operations at home.

It formerly owned Lumley Life in New Zealand, but sold that business to Fidelity Life.

St Laurence buys another building
St Laurence Property & Finance has undertaken a significant new property acquisition - the purchase of HP House, Quay Street, Auckland for $24.75 million.

HP House is a high profile property situated in a prime location on the waterfront in Auckland’s CBD. The property, which was previously known as the Ports of Auckland Building.

St Laurence Property & Finance chief executive John Mallon has said that the property offers potential ‘add value’ opportunities through future extension or redevelopment.

ING half-year profit up 29%
ING Property Trust has announced a half-year after-tax profit of $14.3 million for the six-month period to September 30, up 29% on the corresponding period last year [MORE]

News this week:

Look out for some more talk about what is happening in the finance company sector and further research on this area.
Also an interesting new income producing investment will be announced tomorrow. The product is targeting returns of more than 9% a year, and has some protection built into it.

« Tower looks to other channels

Sovereign takes regulation bull by the horns »

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