19 Mar 2009

ING Property Trust sells more assets

12:12 pm on 19 March 2009

ING Property Trust has sold three properties for a total $22.3 million.

The properties are the Countdown supermarket in Hastings, an office building in Tauranga and an industrial building in Penrose Auckland.

The trust has sold 16 properties this financial year, for a total of $112 million as part of a review of non-strategic assets across its portfolio.

Sale proceeds are being used to reduce debt.