The Prime Years
At the peak of the trust's wealth, the NPRT had investments totaling A$1 billion. These investments included properties in Australia, the Philippines, Guam, and the USA. A partial list of international investments includes:
- Fiji: The Grand Pacific Hotel
- India: Paradeep Phosphate
- New Zealand: Auckland Sheraton Hotel, Roturua Sheraton Hotel
- Philippines: Manila Pacific Star Hotel, Philippines Phosphate & Fertilisers
- United States: Pacific House (Washington), Singer Building Development (665 acres - Houston), Hillside Property (600 acres - Oregon)
- Hawaii: Nauru Hotel
- Guam: Pacific Star Hotel
- United Kingdom: 3 Chesham Street (London)
- Samoa: Properties at Vaitele and Sogi
- Australia: Nauru House (Melbourne) -- (this development was known as the "jewel in the crown" of Nauru's overseas properties)
Read more about this topic: Nauru Phosphate Royalties Trust
Famous quotes containing the words prime and/or years:
“I came there as prime steak and now I feel like low-grade hamburger.”
—Joycelyn Elders (b. 1933)
“Almost everybody in the neighborhood had “troubles,” frankly localized and specified; but only the chosen had “complications.” To have them was in itself a distinction, though it was also, in most cases, a death warrant. People struggled on for years with “troubles,” but they almost always succumbed to “complications.””
—Edith Wharton (1862–1937)