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.
Average asking price increase in the industrial Bay of Plenty town rose by more than 130%.
The company announced a $178.3m deal for a bottling plant last October.
The pandemic has increased demand for smaller, higher-quality office spaces.
Vacancy rates may be up but industry heads say brick and mortar as important as ever.
It will receive a final payment of over $23.5 million from its insurers for 7 Waterloo Quay, Wellington.
The rebranded ASX-listed property trust plans to operate a co-working space company in Auckland.
The lender has to issue new Property Law Act notice.
Other OIO decisions included forestry lots and leasehold land.
The NZX-listed property fund increased its dividend guidance this morning.