Investors offered property shares
Limited information is available about a fund that will allow investors to purchase a slice of an Auckland residential property portfolio.
Wednesday, April 10th 2013, 12:00AM
by The Landlord
The scheme, which offer investors shares of parcels of three-bedroom houses, is in development.
It is understood investors will be required to hold their shares for a minimum of 11 years.
Up to 10 properties will be purchased in one group.
A prospectus is expected to be released within a few months.
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