Dear Infratil shareholder

Wed, 16 Dec 2020

Let’s play a game.You own a lovely house. It’s in a great street, with a great school around the corner and your family living nearby. You not only own a great house. In our game you are doubly lucky. The value of your house has risen. And risen a lot, 133 percent over the past five years, that’s 18.4 percent per annum. Lucky you.One day you are minding your business, quietly tending your award-winning roses and a property developer, resplendent in gold chain and white shoes, with a retinue of hangers on, offers to buy your ho...

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