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Investors approve Asset Plus development and capital raise

First half tenant support expected to impact around 5% of annualised gross rental income.

Andrew Bevin Wed, 30 Sep 2020

Shareholders of NZX listed property fund Asset Plus voted in favour of a $127.5 million development for the Auckland Council on the North Shore and a $60.2m equity raise.

Two-thirds of the six-storey, 26,675sq m development in Albany is pre-leased to the Auckland Council for 15 years from

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Andrew Bevin Wed, 30 Sep 2020
Contact the Writer: andrew@nbr.co.nz
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Investors approve Asset Plus development and capital raise
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