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:

IFT - Data centre demand drives growth and guidance increase
BGP - Half Year Results to 26 July 2026
September 16th Morning Report
DOW - Retirement of Non-executive Director
FWL - Foley Wines Limited (FWL) Director Retirement
MEL - Meridian Energy monthly operating report for August 2026
BIT - Net Asset Values as at 11 September 2026
TEM - Transaction in Own Shares
AIA - Auckland Airport 2026 Annual Meeting
September 15th Morning Report