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Asset Plus continues with strategy to lease, sell Munroe Lane
['Andy Macdonald']
BusinessDesk | NZ breaking news and commentary on business, NZX and politics
Asset Plus' Bruce Cotterill says divesting Munroe Lane development remains a core strategy (Image: Supplied)Asset Plus says its key focus remains on leasing the residual space in its Munroe Lane development in Albany, amid challenging market conditions, before looking to sell the property.
At the firm’s annual meeting on Thursday, senior development manager and manager Stephen Brown-Thomas said the leasing of Munroe Lane would influence the timing of such decisions.
“Market conditions [will] likely to also dictate when this may occur,” he said.Market conditionsAsset Plus reiterated that any steps to either sell Munroe Lane or w...