Commercial deals plumped as KiwiSaver comes to the party
Entry of KiwiSaver funds into commercial property could boost deal flow in the sector, if last year’s biggest deals are anything to go by.
The 32,000sqm logistics centre at Iport Drive, sold to Booster.
The entry of KiwiSaver funds as commercial property contenders has served as a catalyst to the sector’s deal flow, which hit $1.7 billion during the six months to December.
Deals done during the first half had come in at a value of $1.1b, according to CBRE.
The commercial realtor said the 97 sales
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