APL - Settlement of 22 Stoddard Road sale

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

-ENDS-

Settlement of 22 Stoddard Road sale

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CDC investor presentation and guidance update
PFI - Potential Bond Offer by PFI
MCY - Mercury Green Bond offer - interest rate set
March 25th Morning Report
AFT - Chief Financial Officer update
KMD Brands: Response to Stokehouse transaction concept
March 24th Morning Report
MCY - Mercury launches retail Green Bond offer
Fonterra delivers another strong result for HY26
March 23th Morning Report