Argosy notes covid risks, maintains dividend

Argosy notes covid risks, maintains dividend
Gavin Evans
Property investor and manager Argosy Property said it has provided tenants about $2.8 million in rent abatements during the past seven weeks.The firm, which today reported a 3.8 percent lift in net distributable income for the March year,  said the covid-19 pandemic had delivered “major challenges” to the domestic and global economy and rising unemployment and weak business and consumer confidence would take time to turn around.“Whilst there is a lot of volatility and uncertainty in the market, we are confident in the res...

More Property

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Garth Bray 02 Jul 2025
Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025