Asset Plus' Munroe Lane and Graham Street Update

  • Jul 22, 2020 NZST
  • Team Kalkine
Asset Plus' Munroe Lane and Graham Street Update

Asset Plus Limited (NZX:APL) has confirmed that Auckland Council has granted extension to the satisfaction date for the funding and shareholder approval condition from 31 July 2020 to 30 October 2020, with a further right to extend to 23 December 2020.

A conditional Deed of Lease has been entered for the basement and ground floor of 35 Graham Street with Auckland Council for a fixed term from 28 June 2021 to 28 December 2021. The lease offers fixed additional income of NZD 1 million, plus a proportionate share of outgoings for Asset Plus.

 


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