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New Zealand’s property company buys 51.3 hectares in Drury

New Zealand’s property

New Zealand’s largest listed property company paid $39.8 million (£31.92 million) for two sites totalling 42.7 hectares in Drury, zoned ‘Future Urban’ under the Auckland Unitary Plan and located next to the Southern Motorway. It said it had also secured a first option on a smaller 8.6 hectare parcel, with a market price to be determined when that option was exercised.

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