Property magnate David Muller has built up a portfolio boasting 28ha, mostly in the upper North Island.
His company, Tram Lease, which he owns equally with two other Rich Listers, Adrian Burr and Mark Wyborn, boasts 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.
Many of these have since been developed into large commercial and retail enterprises, particularly in Newmarket. The company’s efforts there have seen the shopping precinct transformed over the last two decades.
Tram Lease fought hard to make sure that transformation was complete, taking the last building standing, The Shoe Sheriff on Broadway, to court for standing in its way.
The Shoe Sheriff now stands alone in the midst of the glitzy multimillion-dollar redevelopment of the shopping strip.
In 2003, the Court of Appeal ruled Tram Lease could not demolish the wall separating the shop from a neighbouring KFC. The demolition would have damaged the shoe shop's roof and structure, the court said.
A Tram Lease representative called the shoe shop a "blot on the Broadway landscape" but the court ruled in favour of the shop and its owner.
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.
2018: $170 million