Sharechat Logo

ING trusts getting name change

Friday 20th August 2010

Text too small?

ING Property Trust and ING Medical Properties Trust are changing their names in the wake of ANZ Bank buying fund manager ING New Zealand, which has already announced its name change to OnePath.

ING Property Trust's new name from October 1 will be Argosy Property Trust.

Peter Mence, general manager of the trust's management company, says the name Argosy “is derived from a fleet of ships and reflects the strength that comes from a quantum of individual ships operating together as a fleet”.

ING Property Trust owns 81 properties.

ING Medical Properties Trust will be renamed Vital Healthcare Property Trust from October 1.

Chairman Bill Thurston says the new name “confirms our specialist expertise in the property sector”.

The management team running each trust and their boards remain unchanged.

ING Property Trust units are steady at 68 cents, just above their 66 cent low for the last 12 months, while the medical trust's units are down 1 cent at $1.24, about the middle of the last year's trading range.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

ING Property replaces difficult retail site
ING Property Trust announces re-appointment of independent director
ING Property sees challenging year ahead
ING Property says $96.8m depreciation hit won't hurt pay-out
ING Property Trust loss narrows, breaches covenant on Manawatu JV
ING Medical takes swipe at proposed tax tweaks
ING Property posts 1st half loss of $5.6 mln as property market remains strained
ING Property sells three properties for $10.4 million
ING Property Trust planned asset sales progressing
ING investigation won't be finished before settlement: ComCom