On Dec 6, 2022, the company completed the divestment of Stamford Plaza Auckland and its business to Albert Street Hotel at a consideration of NZ$152 million and NZ$18 million respectively.
Stamford Land (SGX:H07
) has posted earnings of $152.4 million for its FY2023 ended March.
During the financial year, the company acquired assets amounting to $6.8 million and disposed assets amounting to $98.3 million. This resulted in a gain on disposal of property, plant and equipment of $218.6 million.
