The $80 billion NZ Super Fund and co-investors Russell Group and Lockwood assembled the country's third largest hotel portfolio over the past five years.
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.
Sanctuary Development's first liquidators’ report shows unsold units not enough to cover losses.
NZSA ex-chair’s new fund has a few well-known former All Blacks among its investors.
KBS Capital has a track record in low-rise residential developments.
The Australia-based trust dual listed on the NZX in December.
Stronger retail performance means improved income and less abatements.
The Malaysian government-backed developer purchased the Auckland CBD land from the council for $40m.