INDEPENDENT NEWS

URBUS Properties New Face Of Waltus

Published: Tue 8 May 2001 03:12 PM
URBUS Properties Limited The new face of Waltus Property Investments
From today, Waltus Property Investments, the property investment company resulting from the merger in November last year of 27 Waltus managed syndicates, will be known as URBUS Properties Limited.
The re-branding is a deliberate move by the directors to signal to the market that URBUS is a new property company with very different characteristics to the original individual syndicates.
"URBUS is a separate business entity," says Chairman, Denis Thom. "The strength of the new company lies in its diverse property portfolio which the directors actively manage to provide attractive and reliable income returns for our investors".
The portfolio is valued at around $229 million.
URBUS will retain the services of Waltus Management, however it is entirely separate from Waltus Management and the other property syndicates that Waltus manages. URBUS is also headed by its own board comprising a majority of independent directors.
ENDS
For further information, please contact Karyn Arkell, (04) 917 0377

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