Forum Archive Index - November 2002

["mvanv" <mvanv@xtra.co.nz>]

Hi Gordon

 

Have had a brief  look at the prospectus

This company looks similar to Capital Properties

The main difference between the two is that paramount appears to be an offshoot from  Symphony

(the property developers) It is claimed in the prospectus that the unit holders will benifit from this

relationship with Symphony

The same people are involved with both companies so you have to ask  the question;  will Paramount

always act in the best interests of the  unit holders or will they be a willing buyer of any Symphony

development.

The property market is boyant at the moment with rents and property values rising and there is no

reason why this shouldn't continue but established property companies stand to benifit more than

start ups having bought property at more reasonable prices.

The properties which paramount have bought look like excelent properties and the yeild is tops.

With overseas money coming into the country property values could continue rising for some time.

 

 

   Mike