The portfolio juggling comes as Stride agrees to the sale of its Silverdale Centre for $114m to Investore Property, which it manages.
The NZX-listed property fund increased its dividend guidance this morning.
The company will pay a dividend above operating income through the development period.
The property fund used its first-half results announcement to say it was buying a $228m Wellington office asset.
The company reinstated dividend payments with its first-half result.
Stonewood Capital will fund residential development as an alternative to bank funding.
The property fund reiterated demand for quality office space isn’t going away despite remote working trends.
Large-format retail continues to weather Covid-19 better than most.
Despite pandemic chaos, construction firm balance sheets are stronger than ever.
Kiwi Property sees flagship stores as the cornerstone of an omnichannel retail model.