Argosy's properties gained $157.7m in year ended March

Staff reporters
Fri, 07 May 2021

Argosy said its properties have been revalued upwards by $157.7 million at March 31, an 8.5% increase over book value – $79.8m was booked in its first-half results after desktop valuations.Since then, "New Zealand's commercial real estate market has continued to experience firming in capitalisation rates, consistent with low-interest rates", Argosy said in a statement to NZX."Argosy's diversified portfolio of quality assets continues to demonstrate its resilience," said chief executive Peter Mence.Auckland...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets analysis
KiwiSaver: The cost of being too conservative
Andy Fyers | Wed, 23 Jun 2021

A seemingly sensible decision to hold default KiwiSaver in low-risk funds, proved to be a costly one.

Regulation shortfall as platforms hit high times
David Chaplin | Wed, 23 Jun 2021

New Zealand investors are getting very comfortable using new, 'micro-investing' platforms, making gaps in their regulation important to address.

NZ may not feel full covid economic impact for 2, 3 years
Jenny Ruth | Wed, 23 Jun 2021

Banks hadn't accounted for unprecedented government economic support when they estimated likely covid losses early into the crisis.

Partner Content
Business events are increasingly important for corporates

Working from home is great, but there's real value in face-to-face connections.

Centuria provides new opportunities for industrial property investors

Centuria Capital is embarking on its second capital raising since merging with Augusta Capital in 2020.