Auckland Real Estate's covid-resistant property model

1 Albert: back to the future for dual-listed Auckland Real Estate. (Image: Supplied)

Tue, 06 Jul 2021

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...

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