Tourism Holdings Ltd has sold its Kiwi Experience showroom & office at 155 Beach Rd in Auckland, below the Copthorne hotel on Anzac Avenue.
Tourism Holdings occupied the 476m² ground-floor showroom with mezzanine office. The Cube – 3 strata-titled floors of apartments – is above it.
Chief financial officer Ian Lewington said today the unconditional sale contract was for the carrying value in the June accounts, $950,000. Settlement is due by the end of September.
Mr Lewington said the company continued to explore options for its Hamilton property, valued at $7 million.
Attribution: Company release, agency documents.