Rental listings were up 4% month-on-month during November, with ‘oversupply’ scenario tempering rental prices.
Property fund weighs in on buying a $58.7m office building in Christchurch post-Covid-19.
Update: CEO says things are looking up but acknowledges wider economic troubles are far from over.
But CDL Investments is not predicting an 11th consecutive year of profit growth.
A $290m portfolio value loss overshadowed a solid underlying performance.
The listed property fund has given $2.8m in rental support during pandemic.
While May’s commercial rent payments are an improvement on April, retail and tourism are expected to lag.
The development included a five-star hotel and A-grade office spaces.
The company has let three directors go to cut costs and make way for one from Centuria Capital.
Augusta Property Fund’s $89m transaction was cancelled on March 27.
