The $80 billion NZ Super Fund and co-investors Russell Group and Lockwood assembled the country's third largest hotel portfolio over the past five years.
Non-cash portfolio gains made up bulk of profit, but underlying measures also increased.
BK Chiu will leave the listed companies in July next year.
Marketing by Colliers describes the 30.76ha property as 'a slice of paradise'.
The NZX-listed landlord held its earlier guidance despite Delta outbreak.
Skyrocketing property prices and valuer shortages behind the increase.
The Property Council says industry feedback on no-access clauses was ignored.
The bulk of the raise comprises a $115m placement.
Changes will lead to $1b reduction in tax deductions over next four years.
Sylvia Park could see about 1200 apartments in the medium term.