PFI properties’ valuation rises 5.5% to $1.32 billion

Thu, 13 Dec 2018

By Jenny Ruth Dec. 13 (BusinessDesk) - Property for Industry says the value of its portfolio has risen by 5.5 percent and that it has sold a Wellington property that had asbestos and earthquake issues. The company began the year with 92 properties valued at $1.21 billion and bought two more through the year for a total of $28 million. Capital spending and property-related prepayments totalled $16 million and, together with the $69 million valuation uplift, takes the portfolio’s expected value to $1.32 billion. The valuations were do...

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