Large retail stores provided investment returns of 5.34 per cent over the last six months, according to the Property Council of New Zealand's September index.
Council research manager Nicole Humphries said in a statement that the investment performance survey showed retail property continued to provide outstanding returns.
Returns in bulk retail - typically stand-alone retail stores with floor space larger than 1000 square metres - included income return of 4.87 per cent, and capital return of 0.46 per cent.
The retail sectors surveys 12 shopping centres and 34 bulk retail premises, providing an analysis of 317 properties valued at $3.51 billion.
Returns in smaller retail properties were slightly lower at 4.45 per cent.
- NZPA
Bulk retail continues to provide good returns
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