Property News
Local and international property news and prices for week ending October 15.
Monday, October 18th 1999, 12:00AM
|
NZSE listed property companies |
Mon Closing Sale |
Friday Closing Sale |
Move |
Div Yield% |
Price/ NTA % |
52 Week High |
52 Week low |
|
AMP Office |
87 |
84 |
-3 |
10.57% |
90% |
113 |
83 |
|
Capital Properties |
44 |
45 |
1 |
15.20% |
% |
68 |
41 |
|
Colonial First Property |
86 |
86 |
0 |
N/A |
N/A |
100 |
86 |
|
Kiwi Development |
130 |
130 |
0 |
N/A |
173% |
145 |
17 |
|
Kiwi Prop B |
68 |
66 |
-2 |
N/A |
% |
83 |
59 |
|
Kiwi Prop N |
98 |
98 |
0 |
10.56% |
114% |
112 |
94.8 |
|
National Property Trust |
88 |
89 |
1 |
11.18% |
88% |
111 |
84 |
|
Newmarket Property Trust |
54 |
55 |
1 |
17.27% |
73% |
72 |
47 |
|
Property For Industry |
69 |
68 |
-1 |
9.16% |
114% |
91 |
66 |
|
Shortland Properties |
66 |
65 |
-1 |
7.48% |
74% |
68 |
51 |
|
Southern Capital |
73 |
68 |
-5 |
N/A |
85% |
95 |
62 |
|
St Lukes |
160 |
159 |
-1 |
9.74% |
79% |
199 |
155 |
|
Trans Tasman Properties |
29 |
29 |
0 |
N/A |
41% |
50 |
29 |
National property news
AMP Asset Management puts Orion Property Portfolio on the market:
New Zealand's largest property investment manager AMP Asset Management (AMPAM) has recently put its multi-million dollar Orion property portfolio on the market. The Orion Portfolio consists of 18 properties with the geographic spread been Auckland 41 per cent, Wellington 46 per cent, Christchurch 7 per cent and regional 6 per cent. It has a diversified profile with exposure to the commercial (59 per cent), retail (13 per cent) and industrial (28 per cent) property sectors.
The 18 properties are diversified by type and location, and have a weighted average lease term of nearly five years and possess strong tenant covenants.
AMP Asset Management is New Zealand's largest property investment company, managing a total property portfolio of $1.4 billion, including the AMP NZ Office Trust, Property for Industry and the AMP Property Fund.
Gary Cheyne and Richard Chungare principals of the Ernst and Young Real Estate Group.
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