Asset Plus considers new strategy

An artist's impression of the property at 6-8 Monroe Lane, Albany. (Image: Asset Plus)

Mon, 29 May 2023

Property developer Asset Plus, which is managed by Centuria NZ, owned by Australian stock exchange-listed Centuria Capital, reported a net loss of $13.05 million for the March 31 financial year, down from a $2.93m profit the previous year.Shareholder dividends remain suspended and are subject to quarterly review based on the company’s future direction.The company said the result was significantly impacted by revaluation losses, divestment and lower net rental due to vacancy, referring to an empty Auckland CBD office block vacated by Auckl...

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