Vero Centre, a flagship office asset in the company s portfolio, is being sold at a discount of 1.9% to its last year s September valuation, but at a property-level return of 11% from inception, Kiwi Property said in an exchange filing.
Kiwi Property agrees to conditional sale of commercial tower in Auckland for $280 mln
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Auckland s Vero Centre to be sold to international buyer
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Prime Minister Jacinda Ardern announces the approval of the Pfizer/BioNTech vaccine for use in New Zealand.
Covid-19 vaccines are expected to get people moving around the globe again and that will bolster the fortunes of some stocks on the share market which have lost their sheen since the pandemic hit. ”A lot of the stock market has had a recovery in returns and performance since the deep, dark days of March and April last year,” said Shane Solly, portfolio manager at Harbour Asset Management. “But some stocks have been left behind and could benefit from a recovery, or a degree of immunisation.”