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Kevin Stent/Stuff
Hard hit by Covid, US-based Reading Cinemas has ‘’monetised’’ a major piece of land on the Auckland industrial market.
Cinema company Reading International has sold a huge parcel of light industrial land in South Auckland, making a bumper profit.
The 28.5 hectare parcel of industrial land in Wiri near Auckland Airport was sold for $77.1 million to 100 Prices Rd, a company linked to prominent retailers Anne and David Norman,.
Reading reaped a US$41m (NZ$58.45m) gain from the sale after costs, saying the property sold for well above its book value of US$13.5m and “substantially’’ above estimates before the pandemic. ....

New Zealand , New Zealand General , South Auckland , Brett Nicholls , Ellen Cotter , Bruce Catley , Nicksha Faraq , David Norman , Christopher Verissimo , Warehouse Group , James Pascoe Ltd , Pacific Aerospace , James Kirkpatrick Group , Reading International , Wellington Convention Centre , Southern Gateway Consortium , Auckland Airport , Auckland Transport , Courtenay Central , புதியது ஜீலாந்து , புதியது ஜீலாந்து ஜநரல் , தெற்கு ஆக்லாந்து , ப்ரெட் நிக்கோல்ஸ் , எல்லன் கோட்டர் , காயங்கள் கேட்லி , டேவிட் நார்மன் ,