Kiwi Property portfolio value rises $9.2m

Wed, 28 Oct 2020

Kiwi Property Group said its portfolio's value has been upgraded by $9.2 million to $3.2 billion at Sept. 30, which follows a $290 million downgrade announced in May."The uncertainty caused by covid-19 continues to impact property values with assumptions around rental growth, vacancy, leasing-up allowances and general trading conditions yet to return to pre-pandemic levels," said chief executive Clive Mackenzie."Despite this, it's encouraging to see a firming of capitalisation rates across the office portfolio and a gener...

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