The portfolio juggling comes as Stride agrees to the sale of its Silverdale Centre for $114m to Investore Property, which it manages.
Former NZX CEO and Arrowtown neighbour says sailor’s application is ‘duplicit’ and ‘lacking good faith’.
It's the NZX-listed property fund's first acquisition following a $100m capital raise last year.
The property fund had been trying to sell the large format retail asset for two years.
The 20-year lease term well exceeded the three-year threshold for overseas investors.
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?