Rental listings were up 4% month-on-month during November, with ‘oversupply’ scenario tempering rental prices.
The property fund had been trying to sell the large format retail asset for two years.
The 20-year lease term well exceeded the three-year threshold for overseas investors.
The NZX-listed fund manager expects a full-year distributable profit of between 11.30c and 11.50c a share.
Property experts say zoning is a key factor for families looking to buy.
A third, bigger office development is still on the cards.
The NZX-listed fund has performed strongly but hasn’t managed to apply its capital.
The booming property market has inflated agents' commissions, but does extra cost mean extra value?
The buyer of five forestry blocks used New Zealand-based family members to make the transactions.
Build-to-rent also an attractive option to resolving housing shortages.
