Rental drop hits AMP Office profit

Skyscraper owner AMP NZ Office had a less affluent December half-year than in 2010 because of reduced rental income and higher management fees.

The Nzx-listed company’s net profit for the six months till December was $20.4 million, down $8m. Rent collected fell to $64.5m, from $68.5m the same time a year earlier, partly Australia ..................................... Bahrain ....................................... Canada ........................................ China ............................................ Denmark ..................................... Euro .............................................. Great Britain ............................. Hong Kong ................................ India ............................................. Japan ........................................... Kuwait .........................................

buy 0.789 0.3205 0.8441 5.9392

4.818 0.6462 0.5396 6.5908 41.923 66.73 0.2364 through losing banking tenants Westpac, its biggest client, and BNZ.

Across the company’s total portfolio, its buildings were 8 per cent empty. In Wellington, where it owns several office towers, space was 6 per cent empty, despite all the buildings being in the upper quartile for meeting seismic strength standards.

sell 0.7718

0.31 0.8206 4.9342 4.6591 0.625 0.5247 6.3805 40.4473 64.48 0.2285 Norway ........................................ Singapore .................................. South Africa ............................. Sweden ....................................... Switzerland ............................... Thailand ...................................... United Arab Emirates ........... United States ........................... 4.8826

1.077 6.6054 5.6935 0.7833

26.22 3.6848 0.8479 4.7217 1.0417 6.3577 5.5072 0.7563

24.99 2.9306 0.8256 Yesterday’s 10cm soil temperature readings were: Winton, 17C; Woodlands, 16.9C; Northern Southland Transport, 16.7C; West Otago, 16.4C; Titiroa Transport, 18C; Te Anau, 16.4C.

Supplied by Ballance Agri-nutrients