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Dominion on target for Microsoft House bid

By Christine Nikiel

Friday 21st June 2002

Text too small?
Dominion Funds says its bid to collect $10.5 million to part-finance its purchase of Microsoft House in Auckland's CBD is on target despite being pulled up by the Securities Commission.

Dominion has until July to attract $10.5 million to part-finance its $14.5 million purchase via Money Managers' Harbourside Property Fund syndicated offer.

The Securities Commission took exception to Dominion's advertisements for its syndicated Harbourside Property Fund, which offers securities in the Microsoft House development, saying the ads were "confusing." Dominion chief executive Paul Duffy said it had just been a matter of changing the font size.

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