Stride Property Ltd & Stride Investment Management Ltd (NS)
Recent research View all research
About Stride Property Ltd & Stride Investment Management Ltd (NS)
Stride Stapled Group (SPG) is a listed property company which owns NZ$846m of direct property across 29 individual assets. 71% of SPG's portfolio is located in Auckland including its key asset NorthWest Shopping Centre. SPG also has significant funds management operations and manages NZ$1.2bn of external property for Investore (IPL) and Diversified, a wholesale unlisted fund. Stride was established in 1996 and listed on the NZX in August 2010. Stride has recently undergone a significant corporate restructure including the divestment of its subsidiary Investore, and implementing a new stapled shareholder structure.