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24 Apr 2024

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Asset Plus lifts 1H profit 33% but rental income down
Asset Plus, formerly known as NPT, reported a 33 percent lift in first-half profit, despite a fall in rental income as the property investor overhauls its portfolio

NPT posts unchanged annual profit as new manager Augusta lines up acquisitions
NPT reported flat annual earnings in a year where the listed property investor was wooed by rivals for its management contract and ultimately won by cornerstone shareholder Augusta Capital, which plans to expand NPT's small portfolio

Augusta to buy NPT management contract for $4.5 mln
Augusta Capital has bought the management contract for real estate investor NPT for $4.5 million, subject to shareholders signing off on the deal at a special meeting next month

NPT slimming down, Summerset expanding
New Zealand Stock Exchange-listed property minnow NPT is getting smaller as it markets another Christchurch building, leaving it with just four.

Augusta first-half profit halves on revaluations; tilt to funds management continues
Augusta Capital's first-half profit more than halved as the company wrote down the value of its stake in listed property investor NPT and didn't repeat year-earlier valuation gains as the firm continues its shift into funds management rather than direct p

NPT sells its interest in Auckland high-rise to SkyCity for $47 mln
NPT, the listed property investor, has sold its interest in the AA Centre in central Auckland to SkyCity Entertainment Group for $47 million, as it looks to reposition the business after a board overhaul

New NPT board plans to keep annual dividend steady at 3.6 cents per share
NPT's newly installed board confirmed plans to keep the property investor's dividend unchanged this financial year as it works through changes at the company

Augusta embarks on new earnings path, plans next NPT move
Auckland-based Augusta Capital will have a proposal to revamp the National Property Trust within weeks.

NPT annual profit falls 63%; new board reviewing business plan
NPT, the listed property investor, posted a 63 percent drop in annual profit after some of its properties reduced in value and it faced extra costs from a proposed deal with Kiwi Property Group that didn't proceed

What's in a name - NPT becomes Asset Plus
Originally it was National Property Trust, then it was NPT - now it's Asset Plus.

Augusta in control of NPT after ousting directors, ceo
Auckland-based Augusta Capital has completed a $4.5 million management buyout of National Property trust, owner of Christchurch's Eastgate Shopping Centre and three other commercial properties.

NPT shareholders greenlight sale of management contract to Augusta
NPT shareholders voted in favour of Augusta Capital buying the real estate investor's management contract for $4.5 million at a special meeting today in Auckland

Augusta first-half profit halves on revaluations
Augusta Capital's first-half profit more than halved as the company wrote down the value of its stake in listed property investor NPT and didn't repeat year-earlier valuation gains as the firm continues its shift into funds management...

SkyCity buys neighbouring Auckland's AA Centre for $47m
SkyCity has bought nearly the entire Auckland AA Centre on Albert St from listed property company NPT for $47 million.

NPT sells its interest in Auckland high-rise to SkyCity for $47 million
NPT, the listed property investor, has sold its interest in the AA Centre in central Auckland to SkyCity Entertainment Group for $47 million, as it looks to reposition the business after a board overhaul. "The sale of this property...