Fast food becomes property staple

Fast food is hugely popular in New Zealand, and the amount of commercial space fast food chains occupy makes them influential players in the property market.

Between them, the major chains have more than 800 outlets in prime locations across New Zealand, most of them leased.

Traditionally fast food retail has not been seen as a preferred investment, but after the sector weathered the global financial crisis well, buyers are changing their tune.

TORU HANAI/REUTERS

Much of McDonald’s income comes not from burgers, but from rent charged to franchisees.

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