Tak Development is owned by the giant Japanese Takenaka Corporation.
Despite pandemic chaos, construction firm balance sheets are stronger than ever.
Kiwi Property sees flagship stores as the cornerstone of an omnichannel retail model.
Centuria's first pick as new owner was a $178m industrial asset in Penrose.
The NZX-listed property fund's supermarket heavy portfolio proves Covid-19 resilient.
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It follows a withdrawn $100m raise in March 2020.