The Botany Town Centre unveiled the first & largest stage of a $78 million new development last week.
AMP Property Portfolio
Botany expansion enters stage 3
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.
Stockland sells NZ retail interests back to AMP at 5.9% blended yield
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 […]
Australian AMP fund buys The Palms
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 […]
AMP of Australia buys Bayfair on 5% yield
Published 7 September 2006 Tower Asset Management has sold 50% of the Bayfair shopping centre in Mt Maunganui – 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 […]
AMP sells half of 3 centres to Australian AMP fund
$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 […]
