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IMP settles acquisition of Ascot Central

Monday, 21 April 2008

ING Medical Properties Trust settles acquisition of Ascot Central, Auckland.

ING Medical Properties Trust today announced that it has settled the purchase of the Ascot Central building, adjacent to Ascot Hospital, in Greenlane, Auckland.  

“We are pleased to add another high-quality asset to the Trust’s portfolio. What is particularly appealing about Ascot Central is that the building is suitable for medical and non-medical businesses. While it is adjacent to the Ascot Hospital and Clinics, it is also part of the burgeoning Greenlane business district. We have had strong levels of enquiry from inside and outside the medical sector” said David Carr, General Manager, ING Medical Properties Limited.

At settlement, 40% of the lettable area of the building had been leased to medical tenants and positive interest in the remainder of the space continues.

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