Asset Plus should now be Asset 'One'

Asset Plus should now be Asset 'One'
Munroe Lane which Auckland Council wants to sublet. (Image: Asset Plus)
Brent Melville
The sale of its 6-8 Munroe Lane development in Albany could be a precursor to the winding up of listed real estate trust Asset Plus.That’s after the firm, managed by Australian-controlled Centuria NZ, has been steadily hiving off its properties over the past year, including its retail interests at Stoddard Rd, Mt Roskill, for $36.75 million and at Eastgate in Christchurch for $43.45m. It also sold a parcel of land at Springs Flat Rd, Whangārei, for $2.7m.Last June, its office block at 35 Graham St went to Mansons TCLM for $65m. The initia...

More Property

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
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
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