Market conditions are constraining prospects for rental growth in Kiwi Income Property Trust's (KIPT) retail portfolio.

Property managers AMP NZ Office Trust (ANZO) has reported a rise in its full year profit.

Auckland's biggest real estate firm says the average sale price rose $10,000 in July on the same month last year and look set to stabilise.

A $65 million Novotel hotel is planned for Auckland Airport in time for the Rugby World Cup in 2011.