Interesting noting more divestments and reinvestments in today's announcement.
Positive they have made a new "mutually benefical long term relationship."
Interesting partner,with a growing NZ foot print.
Sale prices and premium to NTA of the regional properties sold was exceptional. Leasing land out at a 5% return is something I'm not especially keen to see them doing no matter who they are leasing it too.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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