Auckland office settlement extension costs $3m

The heritage-listed mural by renowned NZ artist Milan Mrkusich at 35 Graham St. (Image: BusinessDesk)

Wed, 27 Sep 2023

Property developer Mansons TCLM has exercised its right to extend the settlement date on a large Auckland office building. Listed landlord Asset Plus announced last June that shareholders had approved the sale of 35 Graham St, the former Auckland council service centre, to Mansons.The sale and purchase agreement was for $65 million plus GST.Asset Plus, which has realised the bulk of its portfolio over the past few years, previously contemplated developing the building, taking it from 12,900 square metres to 25,800sqm by adding three a...

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