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AMP NZ Office Trust (ANZO) said it has bought Wellington's AXA Centre for $39.5 million.
The acquisition will increase total assets in ANZO by 3.8 per cent to $1.071 billion.
ANZO, New Zealand's largest listed investor in prime commercial office property, also announced a $40 million placement of new units and a unit purchase plan.
ANZO raised its projected payout for the year to June 30, 2007 to 7.76c per unit, up from the previously-indicated 7.63c per unit.
