NZX-listed Asset Plus Ltd – the former NPT Ltd now managed by Augusta Capital Ltd – has reduced its total debt to $14.45 million after banking the return from its sale of the AA Centre in Auckland.
Augusta Capital Ltd talks of new directions in its annual report, and managing director Mark Francis gave some details on that approach when he spoke at the company’s annual meeting in Auckland last week.
Asset Plus Ltd (the former NPT Ltd) has confirmed that SkyCity Entertainment Group Ltd settled its purchase of the AA Centre, on the corner of Victoria & Albert Sts in central Auckland, last Thursday.
NZX-listed property investor NPT Ltd will change its name to Asset Plus Ltd next Friday, 29 June.
NPT Ltd, which has struggled to gain either critical mass or momentum since its inception as a listed trust in 1994, reported a miserable annual result yesterday, as shareholders’ funds again declined.
Augusta Capital Ltd settled its acquisition of NPT Ltd’s management rights at the close of business on Monday and has taken over from internal management.