Fabric: a cheaper & smaller Precinct

Fabric is buying a $200m property in Newmarket, Auckland which will be completed in February 2023. (Photo: supplied)

Tue, 14 Sep 2021

Stride Property’s spin-off Fabric will create a second office property company on the NZX, offering an alternative to its bigger rival Precinct Properties.This week, Stride Property announced plans to demerge its office assets into a separate entity called Fabric. This will list on the stock exchange on October 6.Its name was chosen to represent the concept of an office building as part of the “fabric” of an organisation’s identity and culture.The portfolio will still be managed by Stride, which will retain a stake betwe...

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