Asset Plus' first-half profit lower as Munroe Lane in focus

Leasing of Munroe Lane development remains challenging. (Image: Supplied)

Wed, 19 Nov 2025

Property developer Asset Plus’ first-half profit has swung lower, albeit against a comparative earlier period swollen by a hefty fair-value gain relating to a central Auckland property.The listed property company also said that leasing the remaining space at its cornerstone Munroe Lane development in Albany “remains challenging”.Asset Plus has previously said that sufficient leases at Munroe Lane could trigger marketing the property sale and “the entity wound up”, as reported by BusinessDesk.The Munroe Lane develop...

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