Asset Plus rekindles $350m Auckland CBD office project: shuns work-from-home trend
16 Feb, 2021 08:30 PM
3 minutes to read
NZX listed Asset Plus has rekindled $350 million plans to expand an Auckland CBD office block by adding extra levels on the heritage-listed structure.
Despite the lockdown and a rising tend of people working from home, the business has moved confidently to restart a project shelved during the lockdown last year but which could create an asset valued on completion of up to $350m.
Mark Francis, managing director of Augusta Funds Management which manages Asset Plus, said plans for the office block at 35 Graham St above Fanshawe St were now back on.
Workers return to wet Auckland building sites under strict alert level 3 measures
14 Feb, 2021 07:03 PM
3 minutes to read
Video sent to cellphones of construction workers contracted to NZ Living to tell them about the new alert level. Video / Brandon O Reilly
Video sent to cellphones of construction workers contracted to NZ Living to tell them about the new alert level. Video / Brandon O Reilly
Work resumed early this morning on hundreds of building sites across Auckland in the $16 billion a year construction sector but not the way it was on Saturday when many left.
The day dawned wet and blustery across the city but industry chiefs said work would not stop, as it had under last year s alert level 4.