Asset Plus marks down Munroe Lane valuation to $105.5m

20th March 2026 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Asset Plus Limited has marked down the value of its 6-8 Munroe Lane property at Albany to $105.5m as at 31 March 2026.

The listed property investor told the NZX on Friday that the main driver of the reduction from the prior year valuation of $107m was a 0.25% softening in the capitalisation rate, given recent comparable market transactions.

“Since 30 September 2025, capital expenditure has been incurred at Munroe Lane for the Aderant tenancy and also speculative fit-outs of vacant space,” APL said.

“As a result of that capital expenditure, other capitalised leasing costs and the decrease in property valuation, APL expects a reduction in the fair value of Munroe Lane for the six months ended 31 March 2026 of $7.1m.”

The company said the movement was forecast to trim net tangible assets by 1.9 cents per share to 30.5 cents, with final figures to be confirmed in May.

APL is managed by Centuria New Zealand.