KPG - Kiwi Property Group Limited

[LaserEyeKiwi]

For those wondering why IKEA wants to own land - this is their way. They are extremely vertically integrated - they even own a huge amount of Forrest assets (including in NZ) which they use to manufacture their wood products out of. And they own plastic recycling plants to make their 100% recycled plastic products.

[Scrunch]

For those wondering why IKEA wants to own land - this is their way. They are extremely vertically integrated - they even own a huge amount of Forrest assets (including in NZ) which they use to manufacture their wood products out of. And they own plastic recycling plants to make their 100% recycled plastic products.

Seems a lot like KPG had a choice of doing a deal that would have IKEA in the immediate area of town, or letting some other bit of Auckland have a huge anchor tenant. From LaserEyeKiwi's comments it doesn't seem like build to rent was going to be an option, although it was probably proposed. The decision was made by KPG to ensure that IKEA was in their part of Auckland. A sensible move IMO, and if they keep a good relationship with IKEA they may also have the inside running on other deals with them.

[fungus pudding]

For those wondering why IKEA wants to own land - this is their way. They are extremely vertically integrated - they even own a huge amount of Forrest assets (including in NZ) which they use to manufacture their wood products out of. And they own plastic recycling plants to make their 100% recycled plastic products.

Nobody would query McDonalds for wanting to own their land and buildings where possible. Obviously some, such as airports are leased. .

[fungus pudding]

Well i'm confused. Can't understand why kip would sell their land rather than build something and rent it out. And why does a retailer want to own land?

Some analysts consider McDonalds as a property owning company who sells burgers to avoid managing thousands of different tenancies. Whatever they are - the fact is they own many thousands of prime real estate sites in major cities throughout the world - and there is no doubt it has made a massive contribution to their success and their ability to grow.

[winner69]

Goodness gracious me .... has the world gone mad or something ....KPG share price 122.5 ....not going to a buck after all

Back to where it was last May

Listed property seems to be back in favour

What is KPG's NTA again ...remind me

[Baa_Baa]

Goodness gracious me .... has the world gone mad or something ....KPG share price 122.5 ....not going to a buck after all

Back to where it was last May

Listed property seems to be back in favour

What is KPG's NTA again ...remind me

Chart showing a breakup through the 200MA ... and a breakout of a massive, over a year long descending triangle pattern bounded by the quadruple bottom at $1.12

Edit: 1,131,288 shares through in 3 trades off market after close. Someone wants in.

[Waltzing]

unless immigration picks up news articles at the weekend predicted an OVER SUPPLY of housing in central and south auckland to the upper Wai WAKA in 2 years time.

Phew we still have some and hopefully onwards and upwards back to 1.50 over the next 24 months or less.

[Habits]

Chart showing a breakup through the 200MA ... and a breakout of a massive, over a year long descending triangle pattern bounded by the quadruple bottom at $1.12

Edit: 1,131,288 shares through in 3 trades off market after close. Someone wants in.

Of course been too long in the teens doldrums... I do hope that those who mocked have taken the chance to acquire a share or two before any sudden upswings

[777]

ARGOSY ARG.NZ 6 Up 3.9%
GOODMANPROP GMT.NZ 2 Up 0.8%
Investore IPL.NZ 6 Up 3.2%
KiwiProperty KPG.NZ 3.5 Up 3.0%
PRECINCT PCT.NZ 3.5 Up 2.2%
PROPINDY PFI.NZ 12 Up 4.1%
Stride SPG.NZ 1 Up 0.5%

Todays movements.

[Habits]

Of the 4 cos kpg, gmt arg and pfi all up between 4 and 8 percent over last 5 trading days. Xmas coming early for REITs