Countdown Supermarket Newton Auckland

Investore is an NZX listed property investment business with a singular focus on large format retail property

$1.0bnProperty portfolio value
(31 March 2024 valuations)
of properties
occupancy (31 March 2024)
7.4 yearsWeighted Average Lease Term (31 March 2024)


Investore’s strategy is to invest in quality, large format retail properties throughout New Zealand and actively manage shareholders' capital to maximise distributions and total returns over the medium to long term. Our strategy is based on four core principles.


Considered acquisitions and developments which deliver growth, while continuing to enhance geographical and/or tenant portfolio diversification, and where appropriate, consider disposals to maintain balance sheet capacity and optionality

Active Portfolio Management

Focus on owning well-located properties with long lease terms and high occupancy, with nationally recognised quality tenant brands, and maintaining strong and enduring tenant relationships that support the portfolio

Continued Portfolio Optimisation

Development of existing properties to meet the needs of tenants and the surrounding catchment, which may include acquiring sites adjacent to existing properties, to provide development options for the future

Proactive Capital Management

Proactive capital management to maintain a healthy and flexible balance sheet for growth, while preserving sustainable returns to investors

Large format retail properties typically have long lease terms and high occupancy, with nationally recognised quality tenant brands

Investore considers that a focus on investing in large format retail property provides a number of benefits:

  • Lower total occupancy costs for tenants compared with other forms of retail in New Zealand
  • Demand for tenant goods and services tends to be resilient to market trends
  • Relatively low lifecycle costs
  • Supports Investore’s objective of providing a stable and secure return to investors

Investore is managed by Stride Investment Management Limited, part of the NZX-listed Stride Property Group

Board of Directors

Investore Stride Mike Allen

Mike Allen

Chair of the Board

Non-Executive Director

Appointed 9 June 2016 / Last Elected 2022

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Mike has considerable governance experience and is currently a director of Taumata Plantations Limited and Wool Research Organisation of New Zealand, as well as Chair of Vincent Capital Advisory Board. Prior to his governance career, he had an executive career in investment banking and general management experience in New Zealand and the United Kingdom.

Investore Stride Grainne Troute

Gráinne Troute

Chair of the Audit and
Risk Committee

Non-Executive Director

Appointed 19 April 2018 / Last Elected 2021

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Gráinne has over 30 years’ experience in listed and unlisted organisations, in highly competitive and customer focussed sectors, including McDonald’s New Zealand and SKYCITY Entertainment Group. Gráinne is currently a director of Tourism Holdings Limited and Summerset Group Holdings Limited, Chair of Montana Group and an independent board member of Duncan Cotterill. Gráinne is also a member of the NZX Corporate Governance Institute.

Investore Stride Adrian Walker

Adrian Walker

Independent, Non-Executive Director

Appointed 3 April 2020 | Last elected 2023

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Adrian is a very experienced commercial property executive with a strong background in property, financial planning and strategic management from over 30 years’ experience in the property sector, including 20 years as the General Manager of Property at Woolworths NZ. Adrian brings to Investore a deep knowledge of the property industry in New Zealand, as well as the supermarket sector.

Investore Stride Tim Storey

Tim Storey

SIML Nominee and Non-Executive Director

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Tim has more than 30 years of experience across a range of business sectors, and has practised as a lawyer in Australia and New Zealand. Tim was a partner in the Bell Gully partnership, having retired in 2006, and is Chair of Stride Property Limited and Stride Investment Management Limited.

Investore Stride Ross Buckley

Ross Buckley

SIML Nominee and Non-Executive Director

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Ross had 38 years with global accounting and consulting firm KPMG before retiring in 2020. Ross was Executive Chairman of KPMG in New Zealand and a member of KPMG’s Asia Pacific Board and KPMG’s Global Council for nearly 10 years. During his career with KPMG he managed the firm’s Audit, Risk and Tax practices, in addition to the firms’ People, Performance and Culture function.

Ross is a director of Stride Property Limited, Stride Investment Management Limited, ASB Bank Limited, and Chair of Service Foods NZ Limited. Ross also currently chairs the National Board, is a National Council Member, and Auckland Branch Committee Member of the Institute of Directors of New Zealand. Ross is on the Council of Massey University, and is the Chair of the Auditor Oversight Committee of the Financial Markets Authority.

Investore Stride Ericka Mcdonald

Erika McDonald

Future Director

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Erika has been appointed as a future director. Erika leads the Auckland office for ENGEO, an engineering and environmental consultancy. Erika specialises in the assessment, remediation and management of contaminated land and groundwater and delivers large and small scale projects for industry, land development and government. Erika brings valuable industry knowledge and understanding to the Investore Board, and participates in the Investore Board but does not vote or have any role as a director.