'Structural undersupply' of houses boosts Winton
The property developer will benefit from the current housing market downturn, it tells shareholders.
Winton's proposed Sunfield development.
New Zealand is still short of houses, and the likely contraction of the residential construction industry puts Winton Land in a good position, CEO and chair Chris Meehan told shareholders at the company's AGM on Wednesday.
Meehan described a company in good shape, albeit suffering from a share price
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