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

Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.

Supply of new homes misaligned with what buyers want
Property

Supply of new homes misaligned with what buyers want

There is a shortage of homes people love, a new survey finds.

Failed developer owes $80m
Property

Failed developer owes $80m

DDL Estates and its parent, Rua Whare, collapsed, leaving partly built developments.

Maria Slade 17 Jul 2025
High Court deals blow to flats once opposed by Luxon
Policy

High Court deals blow to flats once opposed by Luxon

Developer Box Property wants to build 70 apartments in suburban Auckland.

Oliver Lewis 16 Jul 2025