KPG - Kiwi Property Group Limited

[Rawz]

Not sure how to explain the Sylvia park area. It’s basically surrounded in commercial/ light industrial and motorways. Outside of that is residential which is blue collar working class type I guess?

However it is central enough and with the train station right there, supermarket, restaurants, shops, bars etc it will attract premium tenants. KPG will build premium apartments. Just need to look at that 7 green start (or whatever) office tower they built that ANZ bank took naming rights on. They build the best.

Those photos of apartments Beagle post were built buy developers looking to make money by selling. KPG looking to make money by renting. So cannot compare imo

[Beagle]

A question...has PFI performed better for shareholders than KPG over the past 2 decades,.

30 June 1999 they were 74 cents, now $2.98 so yes, they have more than quadrupled in price.

[Beat the Bank]

Sylvia Park is not in a suburban area like New Lynn is. The local suburbia is low socio economic, eg Otahuhu and Mt Wellington, Panmure. It will rely on being a community of its own with shops, food, entertainment and gym built in - and being a transport hub, easy to get to and from for work with one or no car. It should appeal to workers and those to whom a mall is a recreation facility. No local bubble walk for the family without getting in a car or train.

[HCR20]

Beagle is reasoning forward, and from his position of not liking KPG. NZ does have a terrible history of building apartments however, given the cost of housing it is inevitable that apartments will become a mainstay of housing in NZrs future. This is particularly the case in areas such as New Lynn where there is limited land supply but good transport links and access to entertainment and so on.

Good to see KPG giving it a go. Given they own a lot of shopping malls this kind of approach makes a lot of sense.

[HCR20]

No local bubble walk for the family without getting in a car or train.

Except for Mt Wellington itself, Panmure basin, and the Rotary walk to Bucklands Beach

[Shareguy]

Wow . Government overturns lease agreements to force landlords to reduce the rent to a “fair” amount and the shares go up.

Justice Minister Kris Faafoi says the law change would require landlords and tenants to agree on a "fair" amount of rent during Covid-19 restrictions. If unable to agree, they would be required to go to arbitration.
https://www.stuff.co.nz/business/126...cid=app-iPhone

[winner69]

On the other hand it seems that interest deductibility on new residential rental developments not going to be an issue.

[Beagle]

News only broke on this after the market closed. KPG on the front line of the effect of this, I would think.

[winner69]

News only broke on this after the market closed. KPG on the front line of the effect of this, I would think.

Property Council lady said she knows of one landlord who has provided rent relief of over $180 million alone.

Jeez …hope that’s not KPG

[Shareguy]

I heard 4 pm. Fair reduction and what I’m hearing has been 50 percent so this is going to be huge for a lot of the property companies.

For the government to override an agreed legal document is unbelievable. What’s next I wonder..