Kiwi Property puts $170m Palmerston North’s The Plaza Shopping Centre up for sale

One of the country’s biggest property owners, Kiwi Property, has put The Plaza Shopping Centre in Palmerston North up for sale

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One of the country’s biggest property owners, Kiwi Property, has put The Plaza Shopping Centre in Palmerston North up for sale

One of the country’s biggest property owners, Kiwi Property, has placed Palmerston North’s The Plaza Shopping Centre up for sale.

The news of the intention to sell The Plaza follows Kiwi Property marking down the value of its more than $3 billion property portfolio by $290 million in April with its regional shopping centres hardest hit by the Covid-19 restrictions.

The Plaza was valued at $170m on Kiwi Property’s books on March 31, 2020, $37m down on the year before. In 2018 Kiwi Property sold another big shopping centre, Porirua’s North City mall for $100m.

CBRE New Zealand has been appointed marketing agents for the sale of the Manawatu’s largest shopping centre, located at 84 The Square, Palmerston North.

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*Covid-19 disruption slashes the value of Kiwi

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Kiwi Property puts Palmerston North’s The Plaza Shopping Centre up for sale

One of the country’s biggest property owners, Kiwi Property, has put The Plaza Shopping Centre in Palmerston North up for sale

Supplied

One of the country’s biggest property owners, Kiwi Property, has put The Plaza Shopping Centre in Palmerston North up for sale

One of the country’s biggest property owners, Kiwi Property, has placed Palmerston North’s The Plaza Shopping Centre up for sale.

The news of the intention to sell The Plaza follows Kiwi Property marking down the value of its more than $3 billion property portfolio by $290 million in April with its regional shopping centres hardest hit by the Covid-19 restrictions.

The Plaza was valued at $170m on Kiwi Property’s books on March 31, 2020, $37m down on the year before.

CBRE New Zealand has been appointed marketing agents for the sale of the Manawatu’s largest shopping centre, located at 84 The Square, Palmerston North.

READ MORE:

*Covid-19 disruption slashes the value of Kiwi Property’s portfolio by almost $300m

*Big shopping centres’ owner cancels $55 million of dividends to

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How The Pandemic Has Changed Grocery Shopping

The COVID-19 pandemic has caused chaos for much of American retailing, and the grocery store industry is no exception.

A new report from Placer.ai, which studies retail foot traffic, has found what it calls “fundamental and unprecedented changes” in grocery shopping habits.

The report looked at 15 different grocery store chains, from giants such as Walmart and Kroger, to specialty ones like Trader Joe and Whole Foods.

Shopping days. Most noticeable, says the report, is that consumers are returning to a time when Sunday was reserved for activities other than driving from store to store.

In 2019, Sunday was the busiest grocery shopping day of the week, with 17.4 percent of shoppers picking up food and other items to start the week.

Now, only 15.7 percent of shoppers are going

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San Antonio shopping center owned by company tied to Nate Paul heading for foreclosure

A shopping center that was once home to dance hall Midnight Rodeo — and is owned by an affiliate of World Class Holdings, a company founded by Nate Paul — may be headed for foreclosure next month.

Paul is the Austin businessman at the center of the scandal currently engulfing Texas Attorney General Ken Paxton.

The property at 12260 Nacogdoches is set to be auctioned off Nov. 3, Bexar County property records show, although county officials have repeatedly postponed foreclosure sales due to the coronavirus pandemic.

Sonora Bank first pushed to foreclose in December and subsequently filed notices again this spring and summer, most recently last month. The bank’s promissory note is for roughly $4.7 million.

Two other San Antonio properties owned by entities connected to World Class were slated for foreclosure this summer.

Lenders sought to foreclose on warehouses at 639 Lanark on Aug. 4, a sale that was

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Are You Shopping For a Luxury Apartment To Buy?

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Luxury apartment homes offer a variety of amenities that make it easy for the busy family on the go. Just think about all that it offers. No more mowing the lawn on a hot, humid … Read More

What Foreigners Need To Know When Shopping for Property In South Africa

Selecting the most effective manager to your property can promote your real property funding and even break it. You discover managers in all components of the market and it is important to inform the great apart from the dangerous. Property brokers do not work on behalf of actual property developers. Instead, these losses are deferred until the taxpayer either sells the property or generates passive revenue from this or different passive funding sources. You ARE fascinated by buying and buying your personal properties, and for those who aren’t, you jolly properly needs to be, otherwise what are you doing in the property enterprise?

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