Misc

Urbus buys next to Rebel in Palmerston North

Listed diversified property investor Urbus Properties Ltd has gone unconditional on the acquisition of the Briscoes store in Main St, Palmerston North.

Thursday, November 04th 2004

Urbus already owns the adjoining Rebel Sports store. It’s bought the new property off-market for $3.425 million, representing a yield of 9.2%. The current lease with Briscoes expires on 31 August 2008.

Urbus Management Ltd chief executive Hamish Plimmer said: "The property is another strategic purchase completed off-market. With the current Rebel Sports store we now have a 6000m² site that has an excellent profile and works very efficiently for bulk retailing. The acquisition is a good fit for our sector mix."

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Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

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ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
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ANZ Special	7.24

Unity First Home Buyer special	6.45
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Kiwibank Special	6.55
Co-operative Bank - Owner Occ	6.55
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