Trade Depot buys Auckland site from Port of Tauranga for $88.7 million
Retail firm Trade Depot has acquired a major Auckland property from Port of Tauranga for $88.7 million as part of the port's capital recycling strategy.
Trade Depot has purchased a large Auckland site in Onehunga from Port of Tauranga for $88.7 million. The sale is part of Port of Tauranga's capital recycling programme, which aims to unlock value from non-core property assets. The port intends to reinvest the capital into strategic infrastructure projects to support the country's largest port. The deal reflects Trade Depot's market expansion and economic confidence in the sector.
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NZ Herald
Trade Depot: Kiwi retail firm acquires massive Auckland site for $88.7m from Port of Tauranga
The huge deal is a further sign of Trade Depot’s market inroads and economic confidence.
BusinessDesk
Port of Tauranga sells Auckland site for $88.7m
Port of Tauranga has sold its property in Onehunga to Trade Depot for $88.7 million as part of its capital recycling programme. The programme aims to unlock value from non-core property assets and reinvest the capital into strategic infrastructure projects…