Misc

Capital Properties revalues

Capital Properties is revaluing its portfolio in a move expected to add at least $30 million to its value as it looks to sell off its management rights.

Monday, December 13th 2004

The company issued its half-year report yesterday, in which it said it felt the company's management rights were "not properly recognised by the market".

Chief executive Chris Gudgeon said "the value of the assets is material for anyone looking at the management rights".

The rights are expected to fetch up to $60 million. Capital Properties' last portfolio valuation, in March, was $428 million.

Mr Gudgeon said the revaluation was also timely because of the substantial rate rises in the past three years, which would affect future results. In its recent round of three-year rent reviews, the average increase was between 14 and 22 per cent.

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Property investors refocus on cash flow

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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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