A perfect storm of bigger deals but fewer overall sales saw the January median price come in at an all-time record for the resort town, up a third on the prior month alone.
Largely no impact from Covid-19 as tenants include supermarkets.
Property fund weighs in on buying a $58.7m office building in Christchurch post-Covid-19.
Update: CEO says things are looking up but acknowledges wider economic troubles are far from over.
But CDL Investments is not predicting an 11th consecutive year of profit growth.
A $290m portfolio value loss overshadowed a solid underlying performance.
The listed property fund has given $2.8m in rental support during pandemic.
While May’s commercial rent payments are an improvement on April, retail and tourism are expected to lag.
The development included a five-star hotel and A-grade office spaces.
The company has let three directors go to cut costs and make way for one from Centuria Capital.
