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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Kiwi Property sees valuation turnaround in ‘resilient’ half year

Build-to-rent development at Sylvia Park 50% leased, Drury next in line.

Kiwi Property Group’s new Resido apartment development at Auckland’s Sylvia Park.

NBR Staff Mon, 25 Nov 2024
Key points

* Revenue: $128.4m, up 9%

* Net profit: $32.2m, up from loss of $36.5m

* Key takeaway: Easing interest rates driving improved valuations.

Kiwi Property Group, owner of a $3.1 billion portfolio of retail and office buildings, says valuations are stabilising as interest rates ease.

Reporting its results for the six months to September, the company said net profit was $43.2 million, up from a loss of $36.5m for the same period a year

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NBR Staff Mon, 25 Nov 2024
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points

* Revenue: $128.4m, up 9%

* Net profit: $32.2m, up from loss of $36.5m

* Key takeaway: Easing interest rates driving improved valuations.

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Kiwi Property sees valuation turnaround in ‘resilient’ half year
Investment,
106860
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