Australian owned Brookfield Multiplex has quit its investment in Canterbury residential development Pegasus, but would not shed much light on reasons for the move.
It sold its 50% interest in the 836-section development near Christchurch on July 22 to a South Island investor but was quiet about the details of the deal at press time.
NBR’s enquiries were directed to its Sydney-based head of marketing and communications Kerrie Muskens.
The amount Brookfield Multiplex’s 5 Green Star rated office tower at 80 Queen St sold for has been confirmed.
It was bought by Hallenstein Glasson Holdings director Tim Glasson and its chairman Warren Bell through their company Sabina for $177 million on a 7.6% yield, NBR can now reveal.
The 23,251sq m building was sold in late April by Colliers agent Bill Leckie. It is tenanted by Deloitte and BNZ Bank with ground floor retail including Lacoste and Ben Sherman. At the time of sale it was said to have gone for just under $180 million.