The portfolio juggling comes as Stride agrees to the sale of its Silverdale Centre for $114m to Investore Property, which it manages.
JLL says Precinct’s premium assets are pulling tenants away from other CBD buildings.
The NZX-listed property company's full-year result beat guidance.
Portfolio gains offset a drop in rental income caused by Covid-19 pandemic.
The listed property fund's profit doubled on the back of portfolio valuation gains.
The fund’s dividend payments are set to stay the same for a fourth consecutive year.
Countdown makes up 64% of Investore’s rental.
The NZX-listed landlord will use the issue to refinance debt.
Underlying earnings were up 5.4% while valuation gains hit more than half a billion dollars.
The NZX-listed property trust says a focus on e-commerce infrastructure is paying off.