Kermadec leases increase portfolio occupancy

Kermadec Property Fund said the occupancy of its portfolio will increase to 92% from 86% with two lease agreements at its largest property, the Finance Centre in Auckland.

The leases are with a restaurant operator and with a subsidiary of Progressive Enterprises.

The leases will have a positive impact on earnings from the second half of the financial year ended March 31, 2012, the company said without giving details.

Kermadec also said it has renewed its banking facility with ASB for a further four years.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form