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Asset Plus sells Christchurch mall for $43m


The money will be used to pay down debt ahead of major Auckland office developments.
NZX-listed Asset Plus has sold the Eastgate Shopping Centre in Christchurch for $43.5 million to free up its balance sheet for a hefty redevelopment pipeline.
The shopping centre will be sold to an unidentified New Zealand private investor between August 22 and February 22.  Asset Plus said the deferred settlement date would provide Asset Plus with rental earnings from the centre while it focuses on building its $142m Munroe Lane development in Albany.
The sale of Eastgate leaves Asset Plus with just its retail centre at 22 Stoddard Road, Mt Roskill and the soon-to-be developed 35 Graham St property on the CBD ....

New Zealand , Mt Roskill , Eastgate Shopping Centre In Christchurch , Asset Plus , Eastgate Shopping Centre , Munroe Lane , புதியது ஜீலாந்து , ஈஸ்ட்கேட் கடையில் பொருட்கள் வாங்குதல் மையம் இல் கிறிஸ்ட்சர்ச் , சொத்து ப்லஸ் , ஈஸ்ட்கேட் கடையில் பொருட்கள் வாங்குதல் மையம் , மன்ரோ சந்து ,

Market close: Strong NZ dollar and mixed results weigh down sharemarket


Market close: Strong NZ dollar and mixed results weigh down sharemarket
22 Feb, 2021 04:43 AM
4 minutes to read
The travel stocks had a better day on the renewed hope of border re-openings. Photo / File
The travel stocks had a better day on the renewed hope of border re-openings. Photo / File
NZ Herald
By: Graham Skellern
There was plenty of action involving the New Zealand sharemarket, but in the end it fell one per cent, weighed down by mixed company results, rising wholesale interest rates and a strong NZ dollar.
The
S&P/NZX 50 Index was down 122.39 points or 0.98 per cent to 12,426.24 after reaching an intraday high of 12,588.38. There were 54 gainers and 90 decliners over the whole market on strong trading of 50.86 million shares worth $191.55 million. ....

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