Stride Property Ltd has unconditionally agreed the sale of one property to property & funds manager Oyster Management Ltd and the purchase of another from the Goodman Property Trust.
Asset sales & revaluations lifted Stride Property Group’s profit for the September half, but reduced net rental income.
Stride Property Group chief executive Philip Littlewood outlined yesterday how the group’s investment management arm intends to develop its business for the long term.
Stride Property Ltd said on Friday its East Tamaki redevelopment project with Waste Management NZ Ltd (Waste Management) had gone unconditional.
Investore Property Ltd settled 2 property sales worth $32.6 million last week.
Stride Property Ltd’s $78.5 million sale to Investore Property Ltd of 3 Bunnings properties in Hamilton, Rotorua & Palmerston North settled on Wednesday after Investore shareholders voted on 9 February to approve the deal.