NZ's Stride Property gains on commencement of JV ops
01/07/2020 01:40
** Shares of Stride Property Group SPG.NZ climb as much as
1.7% to NZ$1.80, marking their biggest pct gain in a week
** The real estate investment co says its joint venture
Industre Property commences operations, effective July 1
urn:newsml:reuters.com:*:nNZW824Pgm
** Co says the JV, focussed on industrial property sector,
was established along with a group of international
institutional investors
** Adds that JV commences business with 13 industrial
properties in Auckland & Hamilton
** Stock down 25% this year, as of last close
(Reporting by R.R.Deepti Sri in Bengaluru)
((deepti.sri@thomsonreuters.com))
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