NZ Urban Development news from the media | 20 April 2022 | Listed landlord ditches empty Auckland office block: $350m asset scheme abandoned

Listed landlord ditches empty Auckland office block: $350m asset scheme abandoned

Listed landlord Asset Plus has quit a vacant Auckland CBD office block along with plans for it to become a $350 million cornerstone asset.

Mark Francis, managing director of Centuria NZ- the manager of Asset Plus - announced the sale of the 12,000sq m multi-level building at 35 Graham St above Fanshawe St today to an unnamed party.

The company had planned to vastly expand the older building, adding floors to create an asset it said could eventually be worth around $350m.

https://www.nzherald.co.nz/business/listed-landlord-ditches-empty-auckland-office-block-350m-asset-scheme-abandoned/KEN6LXUGCH6HQEMUZLGOJZ7CKI/

Three-storey public housing complex being built in central New Plymouth

Construction is about to start on the biggest public housing development Taranaki has seen in more than 30 years.

A three-storey development is to be built on the corner of Leach and Cameron streets, opposite Pak n’ Save New Plymouth, for people on the public housing register.

The 45 units are being built by Soho Group Limited, in partnership with Kāinga Ora, the Ministry of Housing and Urban Development.

https://www.stuff.co.nz/taranaki-daily-news/news/128363744/threestorey-public-housing-complex-being-built-in-central-new-plymouth