Asset Plus has conditionally agreed to develop a new office building for Auckland Council at Munroe Lane, Albany, Auckland. Auckland Council are to occupy approximately two thirds of the building. Asset Plus is pleased to confirm that Auckland Council has agreed to extend the satisfaction date for the funding and shareholder approval condition to 31 July 2020. The agreement also provides an ability for the parties to agree to further extend it to 30 October 2020 (with such agreement at each party's absolute discretion).