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30 Apr 2024

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Investors revolt over Calan coup
New Zealand directors of a company run by Dutch financial giant ING came under verbal attack at a volatile meeting in Auckland yesterday for shabby treatment of investors in a controversial listed company. Unitholders in ING Medical...

Calan managers dump board
The entire board of Calan Healthcare Property Trust has been replaced just two months after it rejected a merger proposal from ING Property Trust.

Listed trusts under spotlight
The structure of listed property trusts has been questioned, following the failure of ING's attempt to take over Calan Healthcare.ING Property Trust announced last week that it had abandoned its plan to buy out medical landlord...

Calan to examine asset base expansion
Calan Healthcare Properties Trust is to examine a large expansion of its asset base at a strategic planning meeting in the next few weeks.

ING buys two 'strategic' properties
ING Property Trust has bought two industrial properties in Auckland for a total of $26.9 million, a day after having to ditch plans to take over listed company Calan Healthcare Properties Trust.ING said a 5ha site located within...

Calan Healthcare calls off merger with ING
Merger talks with the Calan Healthcare Properties Trust have ended, ING Property Trust Management said today.An independent adviser appointed by the independent directors of both boards deemed a scrip merger fair but the Calan...

Auckland?s new medical centre
Calan Healthcare Properties Trust is creating one of country?s largest private hospital, medical and clinical complexes at Greenlane.A five-level medical centre and clinical building are now under construction and will be called...

Calan still in talks over ING merger

Calan pursuing property buys

Calan Healthcare profit steady but says better is on the way
Medical landlord and potential takeover target Calan Healthcare Properties Trust has increased net profit by just 1 per cent but is predicting a better result next year.It did note, however, its distribution was up 8.2 per cent,...

Irate investor vows to fight trust changes
An investor in medical landlord Calan Healthcare Property Trust has objected to a boardroom shakeup, and says unit-holders are now at ING's mercy. Syd Gardiner, of Auckland, protested about ING's announcement on Monday that it...

Calan manager axes takeover opponents
The manager of medical landlord Calan Healthcare Properties Trust flexed its muscles yesterday, firing Calan's independent directors, including the chairman who opposed its attempt to take the company over. ING, which owns Calan's...

Medical landlord eager to expand
Listed medical landlord Calan Healthcare Properties Trust is looking to double its size, now that a suitor has ditched takeover plans.Chairman Bruce Davidson says Calan has its eye on big growth opportunities here and in Australia...

Calan chairman rejects employers' merger proposal
ING Property Trust's 16 month courtship of Calan Healthcare Properties is over after Calan's independent directors risked the ire of their employers by rejecting ING's merger proposal.

ING's buyout price isn't right for trust
ING Property Trust has ditched its plans to take over the NZX-listed medical landlord Calan Healthcare Properties Trust, saying discussions between the two trusts' boards have ended.A year ago, ING, which already owns 19.9 per...

Calan Healthcare calls off merger with ING
Merger talks with the Calan Healthcare Properties Trust have ended, ING Property Trust Management said today.

Writedowns cost Calan
Calan Healthcare Properties says its first-half net profit fell 6 per cent because of a number of writedowns.For the six months to December, after-tax profit fell to $5 million and total property revenue rose by 5.6 per cent to...