Between them, these ‘Infamous Five’ have managed to destroy almost half a billion dollars from investors and lenders this year.
The pandemic has increased demand for smaller, higher-quality office spaces.
Vacancy rates may be up but industry heads say brick and mortar as important as ever.
It will receive a final payment of over $23.5 million from its insurers for 7 Waterloo Quay, Wellington.
The rebranded ASX-listed property trust plans to operate a co-working space company in Auckland.
The lender has to issue new Property Law Act notice.
Other OIO decisions included forestry lots and leasehold land.
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.