Asset Plus should now be Asset 'One'

Munroe Lane which Auckland Council wants to sublet. (Image: Asset Plus)

Tue, 22 Aug 2023

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...

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