Build-to-rent investment has fallen 90% over the past four years, with cost of debt shuttering institutional investment plans.
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.
The NZX-listed property investor will pay $215m to bring management in-house.
Second-half portfolio gain of $100m as trading conditions stabilise.