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PFI riding high on revaluation gains

Property for Industry has improved on low revaluation gains last year to achieve a solid 2018.

Andrew Bevin Mon, 18 Feb 2019

Property for Industry (PFI) more than doubled its 2017 returns in 2018, with a profit increase of $58 million.

It posted a profit of $110m in the year ending December 31 2018, bolstered by an increase in rents and improved revaluation gains.

The 2017 result is a low comparison base for PFI

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Andrew Bevin Mon, 18 Feb 2019
Contact the Writer: andrew@nbr.co.nz
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PFI riding high on revaluation gains
Property,
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