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:

VHP - Half year results announcement date and webcast details
Devon Funds Morning Note - 30 January 2026
AIA - Auckland Airport new board appointment
General Capital (GEN:NZ) Subsidiary General Finance Update
January 30th Morning Report
January 29th Morning Report
VSL - Date for 1H FY26 results announcement
January 28th Morning Report
IKE - Webinar Notification IKE Q3 FY26 Performance Update
VHP - Preliminary unaudited portfolio valuations 31 December 2025