Auckland Real Estate's covid-resistant property model

Auckland Real Estate's covid-resistant property model
1 Albert: back to the future for dual-listed Auckland Real Estate. (Image: Supplied)
Brent Melville
Auckland Real Estate says its newly refurbished 1 Albert St is approaching full tenancy as the dual-listed trust rides a post-covid trend towards flexible workspaces. The property trust, listed on both the ASX and NZX, paid $45 million for the former West Plaza tower in 2018.The building at the premium end of town is now the flagship in a portfolio of eight buildings and 16,000 square metres of leasable space in central Auckland and the viaduct, quietly assembled since 2016. Its one portfolio aberration is the 1700 W Higgins building...

More Property

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024