Investors approve Asset Plus development and capital raise
First half tenant support expected to impact around 5% of annualised gross rental income.
Shareholders of NZX listed property fund Asset Plus voted in favour of a $127.5 million development for the Auckland Council on the North Shore and a $60.2m equity raise.
Two-thirds of the six-storey, 26,675sq m development in Albany is pre-leased to the Auckland Council for 15 years from
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