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APL - Settlement of 22 Stoddard Road sale

Monday 1st May 2023

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Asset Plus (NZX: APL ) is pleased to confirm that the sale of Stoddard Road has settled this afternoon. From the sale proceeds, $36.35 million has been repaid to BNZ with overall facility limits reducing by $33 million to $52 million.


Drawn debt now stands at $37.3 million, with further drawings to be made to fund completion of the Munroe Lane development. A further update will be provided as part of the 2023 financial year results announcement which is being announced on 29 May 2023.


For further information, please contact:


Stephen Brown-Thomas

Asset Plus Fund Manager, Centuria NZ, manager of Asset Plus Limited

+64 9 300 6161


Matthew Butt

Head of Investor Relations, Centuria NZ, manager of Asset Plus Limited

+64 21 610 631




Settlement of 22 Stoddard Road sale

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