The Botany Town Centre unveiled the first & largest stage of a $78 million new development last week.
AMP Property Portfolio
AMP Capital Investors Ltd has entered the third stage of its $78 million expansion of the Botany Town Centre in South Auckland, closing Garden Lane for redesign.
Published 24 December 2007 Additional information from Stockland 27 December 2007 3 Auckland shopping centres will return to full New Zealand AMP ownership after 5 years. AMP Capital Investors (NZ) Ltd sold 50% of the Botany Town Centre, LynnMall & the Manukau Supa Centa to the ASX-listed AMP Diversified Property Trust in 2002 for […]
Published 17 April 2007 The Australian AMP Shopping Centre Fund has bought The Palms shopping centre in Christchurch, its second acquisition in New Zealand. The fund, run by the Sydney-based AMP Capital Investors Ltd, entered the New Zealand market last September when it bought 50% of the Bayfair shopping centre in Mt Maunganui from Tower […]
Published 7 September 2006 Tower Asset Management has sold 50% of the Bayfair shopping centre in Mt Maunganui â€“ plus management rights – to AMP Capital Investors Ltd of Australia for $121.5 million, on a yield a shade under 5%. The yield is significant in comparative terms for a market where this kind of […]
$188 million sale at average 8.7% yield The AMP NZ Property Fund has agreed the sale of a half-interest in 3 shopping centres — Lynmall, Botany town centre and the Manukau Supa Centa — to the Australian AMP Diversified Property Trust for a total $188.125 million, on an overall 8.7% yield. The sale & purchase […]