Asset Plus considers sale of key property, possible winding up

Asset Plus considers sale of key property, possible winding up
Asset Plus developed 6-8 Munroe Lane in Albany, Auckland council's northern hub. (Image: Supplied)
Maria Slade
Listed property investor Asset Plus has reported an improved net loss of $5.3 million for 2024, helped by lower revaluations of its remaining assets.This compares with a loss of $13m in 2023.Asset Plus is managed by property fund manager Centuria New Zealand, which, since taking over in 2018, has sold all non-core assets and invested in a large office development, Munroe Lane, in Albany on Auckland’s North Shore.Munroe Lane was completed in July and serves as the northern hub for Auckland council, which occupies two-thirds of th...

More Property

Private building consent body offers competition
Property

Private building consent body offers competition

The country's first independent consenting authority is targeting group builders.

Maria Slade 04 Jun 2025
Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Gregor Thompson 04 Jun 2025
Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025