Back to News list

Macquarie CountryWide Trust realises 68% gain on sale of interest in New Zealand assets

07/12/2006

Macquarie CountryWide Trust (ASX:MCW) today announced the sale of a 50 per cent interest in its New Zealand portfolio, capturing strong investment demand to record a 68 per cent gain over acquisition cost base. The transaction comprises 18 of the Trust’s 19 New Zealand freestanding supermarkets and executes on the Trust’s ongoing strategy to take profits on mature assets and redeploy capital into higher returning opportunities.

Click here to download the full announcement >