Investore to raise $80m to buy property portfolio

Tue, 19 Nov 2019

Investore Property is seeking money from investors so it can fund the $140.8 million purchase of three big retail stores from its manager Stride Property. Stride spun out Investore in 2016 and retains a 20 percent stake in the specialist retail property owner which it continues to manage. The companies said they have reached a conditional agreement for the sale of two Auckland properties and the Bay Central Shopping Centre in Tauranga. The Auckland properties are Bunnings Mt Roskill and Mt Wellington Shopping Centre, which has Countdo...

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