Investore to raise $80m to buy property portfolio
By Victoria Young | Tue, 19 Nov 2019
Investore Property is seeking money from investors so it can fund the $140.8 million purchase of three big retail stores from its manager Stride Property. Stride spun out Investore in 2016 and reta...
Arvida on track as first-half profit climbs 47%
By Victoria Young | Tue, 19 Nov 2019
Arvida Group, the retirement village and aged care facilities operator, said it expects earnings momentum to continue after first-half profit rose by 47.4 percent, buoyed by increased property valuati...
Kiwi Property eyes apartments, funds management
By Jenny Ruth | Tue, 19 Nov 2019
Kiwi Property Group is investigating ways of branching out from its core business, including moving into funds management, as Stride Property has done, and building apartment complexes to rent.Over th...
Hedging losses drag Kiwi Property first-half net profit down 23.8%
By Jenny Ruth | Mon, 18 Nov 2019
Kiwi Property Group's first-half net profit fell 23.8 percent as the value of its hedging dropped amid falling interest rates. Net profit for the six months ended September fell to $36.8 million fr...
Regional house price inflation accelerates in October
By Paul McBeth | Thu, 14 Nov 2019
House price inflation accelerated across the regions in October, with Auckland the only area where prices remained subdued, Real Estate Institute figures show. The national house price index rose...
Investore's net profit up 10%; distributable profit down 10%
By Jenny Ruth | Wed, 13 Nov 2019
Investore Property's first-half net profit rose 10 percent, with unrealized gains in the value of its "big box" retail properties partly offset by performance fees paid to manager Stride.The company,...
Construction provisions remain contained despite SkyCity disaster: Fletcher
By Jenny Ruth | Wed, 06 Nov 2019
Fletcher Building says it remains within the construction provisions announced in February 2018 despite the impact of the SkyCity International Conference Centre project fire."Fletcher Building is wor...
Auckland house sales perk up in October
By Paul McBeth | Mon, 04 Nov 2019
Auckland property sales rose more than usual for early spring, indicating the city's real estate market is slowly returning to normal. Barfoot & Thompson sold 824 properties in October, down from...
Ngai Tahu launches review after poor year for honey and dairy units
By Victoria Young | Fri, 01 Nov 2019
A 76 percent plunge in annual profit for its commercial arm and challenging economic conditions has seen Ngai Tahu launch a wide-ranging review of its businesses. The South Island iwi posted a net...
Vital's unique defensive qualities support high gearing: manager
By Jenny Ruth | Thu, 31 Oct 2019
Vital Healthcare Property Trust's gearing will rise to about 42 percent as a result of its debt-funded development projects but its manager says that isn't high for a vehicle of its type. Vital's c...