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Kiwi Property Group reports strong FY25 results, with rental income and profits rising amid high occupancy.
Kiwi Property Group, a major New Zealand landlord, reported a strong financial turnaround for FY25 with a 5% rise in rental income and a 7% increase in operating profit, returning to a net profit after a previous loss.
Their Resido build-to-rent project in Sylvia Park has achieved an impressive 88% occupancy rate, driving a 36% surge in rental levels and tripling tenant spending at the adjacent shopping center.
An IKEA store opening later this year is expected to further boost the area's appeal.
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Kiwi Property Group informa de fuertes resultados para el año fiscal 25, con ingresos por alquiler y ganancias en aumento en medio de una alta ocupación.