Page 4 - Asset Plus News Today

Concerns raised as Nido investors canvassed about adding in more money 8 Apr, 2021 05:00 PM 6 minutes to read Magsons, trading under the Nido brand, collapsed into receivership on Friday. Video / Will Trafford Investors who poured money into a scheme used to fund development of the failed Nido homeware store in West Auckland have been asked if they are willing to commit more funds in order to retain ownership of the building. This comes as fresh concerns are raised about the o...

Covid-19 stung Asset Plus with a cancelled capital raise and materially lower property values. NZX-listed property fund Asset Plus posted a $14.7 million loss for its 2020 financial year, dragged down by lower property valuations as a result of Covid-19. Revenue was up 14% to $10.5m but the final profit was down materially on the $3.8m profit it posted the year before. The revenue increase was because of the acquisition during the year of the Auckland Council building at 35 Graham St, partly ...

The money will be used to pay down debt ahead of major Auckland office developments. NZX-listed Asset Plus has sold the Eastgate Shopping Centre in Christchurch for $43.5 million to free up its balance sheet for a hefty redevelopment pipeline. The shopping centre will be sold to an unidentified New Zealand private investor between August 22 and February 22.  Asset Plus said the deferred settlement date would provide Asset Plus with rental earnings from the centre while it focuses on buildin...

Confessions of a property guru: Making millions and losing some 15 minutes to read Jane Phare is a senior business reporter for the New Zealand Heraldjane.phare@nzme.co.nz Property syndication guru Mark Francis talks to Jane Phare about building up Augusta to prepare for takeover, his network of friendships and how Covid-19 knocked millions off his wealth. Posing for photos outside his grand office entrance, theres a moment when Mark Francis looks almost mournful. Guarding the...

Jarden Brief: Why US markets hit all-time highs overnight 16 Feb, 2021 11:17 PM 6 minutes to read Optimism surrounding vaccines has had a positive impact on the US market. Photo / Getty Images NZ Herald Jarden New Zealand The S&P NZ50 finished the day up 0.8 per cent yesterday after the director general for health announced that there were no new Covid-19 cases in the community, raising hopes that the most recent lockdown measures may not require an extension. In response, the...

Asset Plus rekindles $350m Auckland CBD office project: shuns work-from-home trend 16 Feb, 2021 08:30 PM 3 minutes to read NZX listed Asset Plus has rekindled $350 million plans to expand an Auckland CBD office block by adding extra levels on the heritage-listed structure. Despite the lockdown and a rising tend of people working from home, the business has moved confidently to restart a project shelved during the lockdown last year but which could create an asset valued on completion of up to $...

Can send the data up in realtime. so you dont have to have this two hour down and back. >> on face value that looks like thats the greatest thing in the world. but in order to tow that at that depth, it will take you 20 miles out. it will take you 12 or 13 hours to tow it back in and turn around. >> so its just the time goes in a different place. >> exactly. auvs are by and large more efficient in the future for this type of operation. and they will get more data than the towed arrays if you giv...