Sky TV to downsize property portfolio

Fri, 26 Mar 2021

Sky TV plans to sell two of its three buildings at its Mount Wellington base in Auckland, saying they’re not being used or aren’t fit for purpose.The pay-TV operator will keep its biggest facility, and is considering lease options for new space, it said. Colliers started marketing the two buildings this month.Chief executive Sophie Moloney said the company’s greater flexibility in working from home changed the way it uses its facilities, and selling the building frees up capital that can be spent better elsewhere.The two build...

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