New dividend reinvestment plan for Investore Property

New dividend reinvestment plan for Investore Property
Investors heard that supermarkets tended to do well, even in a tighter economic environment. (Image: Investore Property)
Ella Somers
Investore Property's dividend reinvestment plan got little fanfare at its annual general meeting on Wednesday, as the property company looked at how it could get ahead in a tough macro environment.Chair Mike Allen said Investore had continued to grow its portfolio and the board was conscious of the risk posed in the current environment and was continuing to take a “proactive and prudent” approach.Investore has 44 properties in its portfolio and 143 tenants. The company saw its portfolio valuation decline by 14.9%, or $185.2...

More Property

Deal to take daycare centres out of receivership struck
Property

Deal to take daycare centres out of receivership struck

The owner of three Peacocks daycare centres went into receivership in June.

Local window design software firm's accounts tagged
Property

Local window design software firm's accounts tagged

Known locally as Soft Tech, the Takapuna-based firm is part of the global Cyncly group.

Maria Slade 07 Aug 2025
Capital gains tax to solve house-price affordability crisis?
Finance

Capital gains tax to solve house-price affordability crisis?

ANZ's Richard Yetsenga said house-price affordability is a significant challenge. 

Staff reporters 07 Aug 2025
Gibbons Co files to subdivide old Tip Top factory site
Property

Gibbons Co files to subdivide old Tip Top factory site

Property developer Gibbons Co has applied to subdivide the former site of Wellington's Tip Top factory.On Wednesday, the Wellington City Council told BusinessDesk it was processing an application for a three-lot subdivision on the 5000sq m property at 194 Adelaide Rd in Newto...

Gregor Thompson 06 Aug 2025