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TRA.................Turners Automotive Group Ltd.
The property ARG brought from Turners, is Turners Wiri Truck and Machinery site,160 Roscommon Road,which ARG paid $8.6 mil.Interesting to note TRA paid $4mil for it in 2015.It is pleasing seeing TRA "book" the development margin.Great for ARG having a solid NZ listed company on a long lease.
As ARG's CEO,Peter Mence said,"We are pleased to have commenced what we envisage to be a mutually benefical long-term relationship with an organisation that has a significant real estate footprint accross NZ".
TRA's interim at the end of the month should be "interesting".
TRA's future large [more than possible] developments in ChCh and Auckland will most probably be on sold to ARG.
Couta1 may be right with TRA's "target price".......lol.
Last edited by percy; 14-11-2018 at 09:06 AM.
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