I was in Palmy on the afternoon of Anzac day. The Plaza appeared to be doing a roaring trade. Loads of people in there and not much else to do in Palmy. I know the Plaza will be eventually sold by KPG and it should be a good investment if it gets syndicated out as it dominates the retail landscape in the city. The rest of the square and Broadway is mostly a ghosttown.

Separately, I read the article saying some Auckland rental properties are getting 80 applications. I guess the thousands of immigrants streaming into Auckland will underpin the vibrant rental market for some time. Should bode well for KPG's residential rental business coming up to launch very soon.