Property syndicates suffer vacancies, unwilling banks

Māori disability support agency Te Roopu Taurimu is looking at leasing 650 Great South Rd. (Image: Supplied)

Wed, 19 Jun 2024

Property investment syndicates run by Maat Group are facing tough times as tenant vacancies and tough lending environments bite, documents seen by BusinessDesk show.The Whanganui-based group manages 11 syndicates invested in commercial buildings around the country.The products are open to retail investors with a minimum investment of $50,000.Documents relating to three of the syndicates show they are experiencing significant building vacancies and debt crunch points.The Cameron Road Property Investment syndicate owns the office building at 306...

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