Sale is part of Infratil’s ‘legacy portfolio’ divestment strategy, with funds to be reallocated into its data centre developments.
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.
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.
