Tough retailing conditions translate into falling Kiwi retail property values
By Jenny Ruth April 3 (BusinessDesk) - Tough times for retailers, including disruption from online retailing, is translating into falling retail property values. Kiwi Property Group says that although its overall portfolio’s value has increased by $47 million, or 1.5 percen...
Annual national house price growth continues to slow
By Jenny Ruth April 3 (BusinessDesk) - House prices in many parts of New Zealand are still rising at double-digit annual rates but they are falling in the Auckland region and the odd smaller centre. That meant that nationally, annual house price growth slowed to 2.5 percent...
NZ dollar falls on soured business sentiment
By Jenny Ruth April 2 (BusinessDesk) - The New Zealand dollar fell as evidence of souring business sentiment provided further ammunition to the case for an interest rate cut. The kiwi was trading at 67.76 US cents at 5pm in Wellington from 68.10 at 8am; the trade-weighted i...
FNZC says Vital Healthcare's annual base fees will fall about $1.5m
By Jenny Ruth April 2 (BusinessDesk) - FNZC says the new fee structure for managing Vital Healthcare Property Trust will result in about a 3.5 percent uplift in annual per-share earnings. “In our view, the base management fee and governance changes represent incremental pos...
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