Revamp for ANZO

Listed AMP NZ Office Trust (ANZO) manager AMP Capital will sell half the management contract to Ronin Property Group, which manages the Ronin Property Trust, a specialist office Trust, listed on the Australian Stock Exchange with a market capitalisation of about $A1 billion.

Ronin Property Group will become ANZO's largest unitholder, acquiring 30% of ANZO at $0.87 a unit from the National Provident Fund (NPF), which has 37% of ANZO. (AMP is one of eight fund managers of the NPF.)

To sweeten the deal for unitholders and strengthen the share price by reducing the supply of units, ANZO intends to return capital to investors in a buy-back on one unit for every seven held by investors at 87c (compared to 90c a unit asset backing). ANZO's gearing (debt/total assets) will rise from 20% to 31%.

     

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

FSF - Fonterra lifts forecast 2026/27 Farmgate Milk Price
October 30th Morning Report
BPG - Blackpearl signs US data partnership agreement
POT Annual Meeting 2026: Chair and Chief Executive's Speech
MEE - First half FY27 outlook / Series 1 Warrant exercise update
ERD - HY27 Results Announcement Date
TEM - Transaction in Own Shares
GNE - Changes to Genesis Executive Structure
AOF - AoFrio 3Q26 Market Update
AIA - Auckland Airport considers bond offers