Kiwi Property profit up 47.5%

Kiwi Property profit up 47.5%
Brent Melville
Rental returns are down but a valuation gain of $11.8 million on investment properties helped Kiwi Property to a 47.5 percent increase in first-half net profit to $54.2 million.The firm, one of the country's largest property holders with a portfolio valued at $3.2 billion, finalised the $277 million, 20,000 square-metre expansion at its Mt Wellington flagship $1 billion Sylvia Park development in mid-October.But it saw its rental income decline 5.3 percent to $84.9 million in the six months ended Sept. 30, reflecting the cost of rent relief...

More Property

Fletcher Building MD: ‘It hurts to make these cuts’
Property

Fletcher Building MD: ‘It hurts to make these cuts’

An emotional Andrew Reding says staff understand why the firm has to cut back.

Fletcher Building puts ‘noise’ in the past
Property

Fletcher Building puts ‘noise’ in the past

New directors say shareholders are right to expect more, and they intend to deliver.

Property for Industry says valuation cycle turning
Infrastructure

Property for Industry says valuation cycle turning

It cites strong occupancy, lease terms behind and sees strong 2026.

Staff reporters 21 Oct 2025
Promoter ducked inquiries about inappropriate AdWords use
Property

Promoter ducked inquiries about inappropriate AdWords use

Finbase created 'false impression' its financial products were low-risk, FMA says.

Maria Slade 16 Oct 2025