Property

JENNY RUTH: Is internalised management cheaper? Not necessarily

Jenny Ruth
Thu, 10 Sep 2020

The push to internalise the management of property investment vehicles was supposed to better align the interests of managers and investors in order to deliver superior returns to investors. However, evidence of success is not clear cut. Vital Healthcare Property Trust, which remains externally managed, offers an extreme example of how a rapacious external manager could exploit that structure.The manager, Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, was effectively shamed into changing the fee structure l...

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Markets

MARKET CLOSE: Profit taking pulls shares down

Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress. The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

Infrastructure

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Retail

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