Investore's net profit up 10%; distributable profit down 10%

Investore's net profit up 10%; distributable profit down 10%
Jenny Ruth
Investore Property's first-half net profit rose 10 percent, with unrealized gains in the value of its "big box" retail properties partly offset by performance fees paid to manager Stride.The company, which owns buildings for supermarkets such as Countdown and Pak'nSave as well as other large-format stores including Bunnings, reported an $11 million net profit for the six months ended September, up from $10 million in the same six months last year.Unrealised valuation gains totaled $1.8 million while Stride's performance fees totaled $1 million,...

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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