Stride Property says commercial sector appears to be past 'low point'

Stride Property owns 20 Customhouse Quay in Wellington. (Image: Supplied)

Wed, 28 May 2025

Stride Property Group’s top brass say the commercial property sector has passed its low point.The property owner and manager released its results for the year to March 31 to the market on Wednesday.In their joint letter in the annual report, chair Tim Storey and chief executive Philip Littlewood said the last half of the financial year “appears to have been the low point in the cycle for commercial property”.“Reductions in interest rates are supportive of increased investment activity in the New Zealand commercial proper...

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