Asset Plus to buy downtown building from Auckland Council for $58M

Mon, 29 Apr 2019

By Paul McBeth April 30 (BusinessDesk) - Asset Plus has agreed to buy an Auckland CBD building for $58 million from Auckland Council, but will need shareholder approval for the deal. The property investor, managed by Augusta Capital, has signed a conditional agreement with the city's local body to buy the building at 35 Graham St with a net lettable area of 9,900 square metres. The deal is conditional on shareholders approving the deal at a meeting expected to be held in the first two weeks of June. Asset Plus shares last traded at 60...

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