Chief executive Marko Bogoievski thinks the market still undervalues Infratil’s portfolio, despite getting a boost from AustralianSuper’s takeover bid. The infrastructure investment company’s sh
An unrealised decrease of $213.3 million in Kiwi Property’s portfolio sent its first-half results into the red, even though the portfolio’s actual performance was positive. Kiwi posted a $151.1m n
Stuart Nash has resigned as police minister over claims of political interference. Prime minister Chris Hipkins accepted Nash’s resignation as police minister and appointed Megan Woods as acting m
By Rebecca Howard May 25 (BusinessDesk) -- Argosy Property lifted distributable earnings 4.6 percent as it continued to lift the quality of its portfolio through the divestment of lower quality, non-c
By Rebecca Howard Aug. 8 (BusinessDesk) - Property For Industry lifted its dividend as strong portfolio activity drove higher revenue. Net profit jumped but largely due to a one-off in the prior perio
Vital Healthcare has settled its $95 million health precinct venture in Queenstown, taking its New Zealand portfolio to more than $1 billion in a little under two years, almost a third of its trans-Ta
By Pattrick Smellie July 24 (BusinessDesk) - Wellington-based investment group Caniwi Capital has spent $26 million in two regional commercial property plays: $21 million for a specialist cool store i
By Paul McBeth March 6 (BusinessDesk) - Goodman Property Trust says strong demand for good quality industrial sites and generally favourable market conditions contributed to a $185 million revaluation
Forget the Magnificent Seven – it’s now the Magnificent Six, an analyst says. At June 30, the NZ Super fund had about $37.9 billion invested in global equities with about $7.3b in the Magnificen
The pricing of Vital Healthcare Property Trust's $200 million capital raising speaks volumes about the quality of its $3.2 billion portfolio. The latest indication is the 9-cent premium achieved in au
Higher rents and property acquisitions helped boost Investore Property Limited's earnings for the six months to Sep 30, but the value of the company's portfolio has taken a hit. The company announced.
By Lawrence Strauss It should be a common ritual: the annual portfolio cleaning. Investors can spruce up their portfolio any time of year, and should review it around November or December at a minimum
Tower has agreed to pay $14 million in cash to acquire a portfolio of insurance already underwritten by the insurance company. The kiwi insurer provided cover for ANZ and National Bank customers betwe
The entity that owns three of the most luxurious lodges in New Zealand made an $11 million pre-tax profit in the last financial year. Julian Robertson, a pioneering hedge fund manager and philanthropi
By Suze Metherell Oct. 24 (BusinessDesk) - DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new
Precinct Properties will inject five of its inner-city properties, valued at about $590 million, to seed a new strategic investment portfolio with the Singaporean sovereign wealth fund (GIC). The part
Kiwi Property Group said its portfolio's value has been upgraded by $9.2 million to $3.2 billion at Sept. 30, which follows a $290 million downgrade announced in May. "The uncertainty caused by covid-
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Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today. He has given Paul Goldsmith the portfolio after.
By Margreet Dietz July 10 (BusinessDesk) - Vital Healthcare Property Trust said the value of its portfolio increased by 5.9 percent, or $102.4 million, for the year ended June 30, reflecting two recen
Mars is the fourth planet from the Sun. It's nicknamed the "red planet" because it is covered in iron (III) oxide (Fe₂O₃). It's amongst the brightest objects in Earth's sky. In the winter, it’
Kiwi Property says it's seen an “expected” 5.8% decrease in the fair value of its property portfolio in the past six months due to high inflation and uncertain interest rates. The property company
The Accident Compensation Corporation has announced a target to halve the carbon intensity of its $46 billion investment portfolio by 2030. ACC chair Paula Rebstock said the targets acknowledge the c
An independent valuation of Infratil’s portfolio companies show they are now worth almost $8 billion, up from $7.4b three months ago. Most of this is due to the ongoing rapid increase in valuation o
Kiwi Property Group trimmed 4.1% from the value of its property portfolio, saying that rising interest rates have weighed on valuations around the world. The owner of Sylvia Park said it expected it
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