Established in October 2015, Investore Property Limited (NZX: IPL) is a commercial real estate investment company engaged in investing in large format retail property assets. It also offers leasing services TO clients in New Zealand.
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An alternative to investing in your own property is investing in companies that purchase and lease property to productive parties.
Kiwi Property Group exposes investors to real estate within NZ’s commercial and retail sectors.
For the six months ended 30 September 2020, Investore Property Limited (NZX:IPL) reported profit after tax of $91.0 million, up by $80.1 million Y-o-Y. This was mainly due to strong revaluation movement.
Other key highlights of 1HFY21 are:
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