Property For Industry portfolio lifts 9% in value this year to $1.09 billion

Thu, 01 Dec 2016

By Tina Morrison Dec. 2 (BusinessDesk) - Property For Industry, the commercial property investor, expects its portfolio to lift 9 percent in value this year amid high demand. The value of PFI's portfolio of 84 properties is estimated to have increased to $1.09 billion this month, from $1.01 billion as at June 30 and from $987 million at the start of the year, the Auckland-based company said in a statement, citing valuations from CBRE, Colliers International, Jones Lang LaSalle and Savills. “Demand for industrial property from both inve...

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