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Article – Property and Build 2020 saw increased vacancy rates in the office, industrial and retail markets with mixed yields in each sector, but Colliers research says it is not all about COVID. While the adverse economic impact of COVID-19 was a rightfully expected influence, … 2020 saw increased vacancy rates in the office, industrial and retail markets with mixed yields in each sector, but Colliers research says it is not all about COVID. While the adverse economic impact of COVID-19 was a rightfully expected influence, other market dynamics pre-COVID (such as vacancy rates that were ...

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However, rising yields remained a big factor and would continue to dominate sharemarkets through the year, Main said. As inflation rises, interest rates go up, giving investors an alternative to stocks as returns from money in the bank also rise. The market was not being decimated, “but we’re seeing some of the cream come off”, he said. LAWRENCE SMITH/Stuff The New Zealand sharemarket clawed back most of Monday’s losses with a 3.4 per cent jump in the price of Fisher & Paykel Healthcare, to $28.29 a share. The big challenge for investment markets this year was the stand-off between...

Market close: Property stocks tumble as bond yields rise 9 Mar, 2021 04:36 AM 4 minutes to read NZ Herald By: Graham Skellern The interest rate sensitive property stocks tumbled on the back of rising bond yields but overall the New Zealand sharemarket steadied itself from recent falls and went the other way. The S&P/NZX 50 Index gained significantly in late trading, closing 59.96 points or 0.5 per cent ahead at 12,145.15 after reaching an intraday low of 12,057.9. There were 73 gainers and 68 decliners over the whole market with 66 million shares worth $211.2 million changin...

Precinct Properties reignites $200m-plus Auckland waterfront block redevelopment 7 Mar, 2021 09:00 PM 5 minutes to read Precinct Properties has reignited $200 million-plus plans for an Auckland waterfront block, after deferring its scheme last year when Covid struck. But a revised plan is now more in line with pandemic conditions: the new hotel for the building is far smaller and more flexible office space will be offered to commercial tenants. Scott Pritchard, Precinct chief executive, said plans were now in place to begin work in the next six months on the ex-HSBC House op...