The Australia-based trust dual listed on the NZX in December. Dual ASX/NZX-listed Auckland Real Estate Trust has purchased two Auckland CBD office properties it plans to amalgamate with an existing adjacent asset to create an A-grade office complex. Acquisition of two properties, 60 Federal St and 16 Kingston St, will set the trust back $58 million. The deal follows its announcement last year of an option to buy the buildings for $60m, with completion originally expected on January 21. Auckland Real Estate Trust (AKL) acquired its existing asset at 87 Albert St for $33.8m in 2019, bringing the total cost of the project to $92m so far.