New dividend reinvestment plan for Investore Property

New dividend reinvestment plan for Investore Property
Investors heard that supermarkets tended to do well, even in a tighter economic environment. (Image: Investore Property)
Ella Somers
Investore Property's dividend reinvestment plan got little fanfare at its annual general meeting on Wednesday, as the property company looked at how it could get ahead in a tough macro environment.Chair Mike Allen said Investore had continued to grow its portfolio and the board was conscious of the risk posed in the current environment and was continuing to take a “proactive and prudent” approach.Investore has 44 properties in its portfolio and 143 tenants. The company saw its portfolio valuation decline by 14.9%, or $185.2...

More Property

Leighs opts out of Scott Base build
Infrastructure

Leighs opts out of Scott Base build

The Antarctic contractor is focused on offices, healthcare and apartments.

Oliver Lewis 09 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio
Property

NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio

The Adina Apartment Hotel Auckland is one of seven properties for sale.

Staff reporters 07 May 2025
Property flipping 'pushing up prices': Valuer
Property

Property flipping 'pushing up prices': Valuer

Rapid trading, sometimes on the same day, is hurting low-income buyers, valuer says.

Maria Slade 07 May 2025