Just back from a long road trip from New Plymouth. First order of business, buy some more ARG before they announce their annual property revaluation soon.
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
Asking the learned members on here which, if any, LPT's are more likely to be affected by possible exits/reduction in office space due to working from home etc - more especially in the CBD areas but also possible in outer suburbs
Asking the learned members on here which, if any, LPT's are more likely to be affected by possible exits/reduction in office space due to working from home etc - more especially in the CBD areas but also possible in outer suburbs
Precinct Properties would have to be most exposed to office space. But from what you are worried about I don't think it is going to be much of an issue for two reasons:
1) Many large corporates have been running out of desk space for awhile now and started 'hot desking' to avoid leasing new floors. Spark, ANZ and BNZ are a few examples where I have friends working and they would go to work and not be able to find a desk. So the working from home already start before covid came along.
2) Even with working from home from what I have seen you are still required to go to the office for 2 or 3 days a week for meetings, team bonding, printing/scanning etc
Interesting Rawz, where I work (not one of the co's mentioned by you BTW) they were running out of desks, but not now, actually took some away to make way for more meeting/collaborative spaces
Waltz - Thought KPG would be one the least affected as mainly malls held and they are expanding those, but are not too familiar with the rest currently
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Originally Posted by Jay
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