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
-ENDS-
Settlement of 22 Stoddard Road sale
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