Rental listings were up 4% month-on-month during November, with ‘oversupply’ scenario tempering rental prices.
The NZX listed property fund has given $3.5m in rent relief so far.
The sale of assets early next year is also expected to raise a further $100m.
First half tenant support expected to impact around 5% of annualised gross rental income.
New hotel developments risk further stressing the market by adding supply.
It follows a withdrawn $100m raise in March 2020.
Update: PFI reinstated dividend guidance following resilient half year results
The industrial landlord posted a lower profit driven by property-revaluation losses.
Investment comes as public housing waiting list doubles to 18,000.
Scentre Group is locking retailers out of mall stores if they don’t pay the rent.
