David Muller’s company, Tram Lease, which he owns with two other rich listers, Adrian Burr and Mark Wyborn, boasts a 28ha property portfolio mostly in the upper North Island.
In Auckland Tram Lease owns a mix of properties mainly along key transport lines, including large tracts of former railway land around Newmarket and commercial and industrial sites through Onehunga and Penrose.
Tram Lease made headlines as an opponent to Auckland’s City Rail Link, taking it to the Environment Court over the disruption caused to one of its Mt Eden Properties. The rich-lister backed property unit was unsuccessful however.
Tram Lease is one portfolio within a wider property company, Tramco, which boasts $1.8 billion in assets and claims to be one of the country’s biggest privately held land property groups.