Spark sells Mayoral Drive car park to developer for $26.5m
Spark NZ will sell land it had been using for car parking in Auckland for $26.5 million.
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Spark NZ [NZX: SPK] will sell land it had been using for car parking in Auckland for $26.5 million.
The property, on Mayoral Drive, will be sold to Miland, which is working with a prospective anchor tenant to develop the site, Spark said.
The transaction does not affect Spark's ownership or operation of the Mayoral Drive exchange, it said. The transaction is subject to resource consent and is expected to complete on March 31.
The shares rose 0.4% to $3.715 today.
Sophie Boot
Fri, 15 Jul 2016
Fri, 15 Jul 2016
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Spark sells Mayoral Drive car park to developer for $26.5m
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