AMP Capital mulls major Christchurch sale

Oliver Lewis
Fri, 10 Jun 2022

AMP Capital sold Christchurch shopping mall The Palms last year (Image: Supplied).
AMP Capital sold Christchurch shopping mall The Palms last year (Image: Supplied).
Oliver Lewis
Fri, 10 Jun 2022
Dozens of properties adjacent to a Christchurch mall have been quietly taken off the market after being listed for sale.Australian-based AMP Capital sold The Palms, a shopping centre in Shirley, for $88.8 million last year to fellow Australian investor, DiMauro Group.The company, through its shopping centre fund, still owns two landholdings near The Palms, a spokesman confirmed, which were not included in the sale to DiMauro.“These parcels of land were acquired for future opportunities,” he said.Earlier this year, 31 properties adja...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Bloomberg
Warren Buffett’s Berkshire Hathaway ‘buys the dip’ again
Bloomberg | Mon, 08 Aug 2022

 The “Sage of Omaha” has emerged as a net buyer of equities in the June quarter, when markets were heading south around the world.

Bloomberg
What’s in the landmark US climate and tax bill
Bloomberg | Mon, 08 Aug 2022

After an epic struggle, the US Senate has passed a landmark climate change, tax and healthcare bill that Joe Biden hopes will help the Democrats in the mid-term elections.

Property
Wellington house price decline 'worst in world'
Brent Melville | Mon, 08 Aug 2022

Wellington is taking the brunt of the New Zealand housing market's sharp decline, dragged down by rising mortgage rates and tough credit conditions.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).

Sponsored
David Kelly: 'We must learn from past mistakes'

The CEO of the Registered Master Builders Association calls for the government and the building sector to create more resilience.