Downturn bites into Kiwi Property returns

Downturn bites into Kiwi Property returns
Resido BTR brand will be launched in May. (Image: KPG)
Brent Melville
Kiwi Property's investment portfolio fell 2.5% by value, or $81.1 million to $3.1 billion at Sept 30, with property disposals also contributing to a net loss of $36.5m for the first half of the year.The New Zealand stock exchange listed real estate group realised $127m from the divestment of its Westgate Lifestyle and Sylvia Park Ikea sites during the period, largely contributing to an 11.3% slide in revenues to $117.7m from $132.7m for the comparable period last year.The group now has a portfolio of four mixed-use, three office and two ret...

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Beachlands South development appeals settled
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Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024