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 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.
Stride Property Ltd said yesterday its sale of 3 Bunnings properties at Hamilton, Rotorua & Palmerston North to Investore Property Ltd for a total $78.5 million was unconditional.