Auckland Airport may value land as high as $2.7 billion, up $745 million from 2011

Wed, 30 Jul 2014

By Suze Metherell July 30 (BusinessDesk) - Auckland International Airport, the nation's busiest gateway, says a revaluation of its property will lift the value of the assets by as much as $745 million. The land portion of the company's property, plant and equipment will be revalued as at June 30 by between $725 million and $745 million, lifting the value to  between $2.637 billion and $2.657 billion, the company said in a statement. Less than $5 million of the increase would be recognised in the company's income statement due on Aug. 26,...

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