Fabric: a cheaper & smaller Precinct

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

More Property

Company behind 120-unit QT development faces liquidation
Property

Company behind 120-unit QT development faces liquidation

The debt collector says the company "don't pay their bills".

Beachlands South development appeals settled
Property

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
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024