News
KIPT sells rest of Auckland high rise

Tuesday 6th of May 2014
It said today that Auckland City Holdings (ACHL) had exercised its right to purchase the interest in 205 Queen St for $56.3 million.
That is in line with the asset’s March 31 independent valuation. The deal will settle June 3.
In October, KIPT entered into a sale and purchase agreement with ACHL under which ACHL bought the first 50% of the building for $47.5 million.<...
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