New Zealand’s largest listed investor in commercial office property, AMP NZ Office (ANZO), has received a $316.4 million bank loan, Reuters reports. The new credit facility was provided by ANZ, ASB Institutional and BNZ.
The loan, which will replace the company’s existing $271 million loan, has three tranches, expiring in July 2013, July 2014 and July 2016. The new facility will provide funding for ANZO’s committed capital projects, including the redevelopment of the ANZ Centre.
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