KPG - Kiwi Property Group Limited

[Habits]

As we all know its a race between science and the virus.

So far the virus is winning.

Not sure it time to go all in but its certainly something to consider.

Which is probably the reason why property stocks except argosy are below precovid shareprices. Investing public are still very nervous and having the aussies over may just heighten those nerves. But not me I feel more than ok and have topped up twice over last 2 months. I think i recall posts from you extolling KPG aka KIP so whats brought on this hesitancy for ya WM

[Waltzing]

To Mr H.


Caution due to the increasing number of viral mutations that maybe resisting vaccines.

Expecting demand to remain hot for commercial property.

However wont be investing in west cost south island property.

Bigger vols today on ARG, GMT and KPG.

[Habits]

"Bigger vols today on ARG, GMT and KPG"

Did not know... i will check it out. Maybe its high demand from retail investors hahah ... get it... retail investors pun nah forget it.

[Waltzing]

excellent pun.

[LaserEyeKiwi]

visited KPG-owned The Plaza mall on Monday. Absolutely jam packed. Property is currently on the market, should get a good price if this sort of foot traffic is any indication.

Was pleasantly surprised to see the large amount of EV charging points in the carpark - a long row of standard EV chargers, and a dedicated 4 bay supercharging area for Teslas. Hoping this becomes standard across all KPG owned properties.

[LaserEyeKiwi]

https://www.nzx.com/announcements/370992

KPG gives green light to new Sylvia Park office building

21/4/2021, 9:22 amGENERALSylvia Park took another step on its mixed-use journey today, with Kiwi Property announcing it will begin construction of a second office building at the site.

Resource Consent for the $63 million project has been granted, with construction scheduled to commence in October 2021. The 7,450 square metre, six-storey development will target a 6 Green Star rating and has been designed with the flexibility to accommodate a range of tenants, including health and medical services.
The new office building is expected to deliver a stabilised yield of approximately 6% and an IRR of approximately 9%.

Kiwi Property GM Development, Ian Passau, said the new office building had been designed in response to tenant feedback.

“COVID-19 has changed what some businesses want or need from their office environment. While a CBD ‘hub’ continues to be important for many corporates, others are telling us they also want the flexibility to base employees at a city fringe ‘spoke’ office. This ‘hub and spoke’ model enables staff to work, meet and collaborate, without commuting into the city centre. Sylvia Park is ideally placed to meet this requirement.”

“Following the success of ANZ Raranga, we’re continuing to experience strong demand for office space at Sylvia Park, due to its convenience, facilities and links to public transport. Sylvia Park is well on its way from being a place people visit to a true mixed-use community, where people can work, play and ultimately stay,” Passau concluded.


>Ends

[Waltzing]

Its an ARG play.

In the future GMT may buy into some distribution hubs in the central north island.

[fungus pudding]

Its an ARG play.

In the future GMT may buy into some distribution hubs in the central north island.

Congratulations on an outstanding prediction:
also in the future Tip-Top may produce a new ice cream flavour.
Man may land on Mars.
Motor vehicles will have enhanced safety futures.
We will have a new Governor General.
That's just the start - I have a longer list.

[Getty]

visited KPG-owned The Plaza mall on Monday. Absolutely jam packed. Property is currently on the market, should get a good price if this sort of foot traffic is any indication.

Was pleasantly surprised to see the large amount of EV charging points in the carpark - a long row of standard EV chargers, and a dedicated 4 bay supercharging area for Teslas. Hoping this becomes standard across all KPG owned properties.

How much are they charging?

[fungus pudding]

How much are they charging?

All the way if you can wait long enough.