NZX-listed Augusta Capital Ltd said yesterday it was in an advanced stage of discussions to acquire the business of another property syndicator, KCL Property Ltd.
Independent commissioners have unanimously recommended that Auckland Transport notices of requirement for land along the proposed city rail link route be approved, subject to conditions.
Barfoot & Thompson managing director Peter Thompson said yesterday Auckland residential property prices held steady during February, but there were signs that an increase in the number of listings would begin to contain prices.
Shanghai Pengxin subsidiary SFL Holdings Ltd said on Wednesday the last condition for its takeover of Synlait Farms Ltd had been satisfied. The offer went unconditional on Tuesday.
The Building (Earthquake-prone buildings) Amendment Bill, intended to ensure quake-prone buildings are dealt with in a timely manner by way of a nationally consistent system, passed its first reading in Parliament on Wednesday.
The Environmental Reporting Bill – intended to provide access to high quality environmental information and a reliable basis for environmental discussions – has passed its first reading in Parliament.
Conservation Minister Nick Smith said on a visit to the remote sub-Antarctic Auckland Islands on Wednesday there was a strong case to increase climate change research there.
Statistics NZ said on Wednesday a 6% rise in residential building activity in Canterbury boosted the national increase to 2.5% in the December quarter. In unadjusted values, total completions were worth $12.47 billion, up 15.9%.
Bayleys’ Total Property auction programme brought 4 sales around Wellington on Wednesday.
Quotable Value’s residential index for central Auckland, up 27.2% since the 2007 peak, declined by 0.3% in the last 3 months.
I had questions yesterday about changes in the property markets. Today it wasn’t just caution. The word was stop.
One unit in the ascent building on Nelson St and another in the Aura complex on Cook St – both in the Victoria Quarter, on the western fringe of the cbd – were sold at City Sales’ apartments auction yesterday and 3 other units were passed in.
Barfoot & Thompson had 12 apartments up for auction yesterday and sold just 2 of them under the hammer. Another one was sold prior.
A former BP service station site on the Te Atatu Peninsula, proposed for development 6 years ago, was passed in at auction at Barfoot & Thompson yesterday
One of the 2 apartments taken to auction at Bayleys yesterday was sold under the hammer.
7 of the first 8 commercial properties taken to auction at Bayleys yesterday were sold under the hammer, and then the momentum stopped – the remaining 8 were all passed in. The 17th property on the auction list, a High St coffee shop, was sold prior and one was sold later.
Apartment buyers hold off at auction
2 sales out of a dozen apartments offered at Barfoots – 2 apartments sell at City Sales – Bayleys auction starts strongly, then peters out
When councillors try to repair proposed resolutions on the hoof, their best efforts are more often than not grammatically incorrect and don’t quite convey what they want to say.
Bayleys’ Tauranga office has reported 7 sales in Tauranga and at Mt Maunganui, Omokoroa & Waihi.
4 apartments out of 9 offered at Bayleys auctions last week were sold, 3 under the hammer & one prior.
6 central North Island iwi have joined forces to buy a 2.5% stake in New Zealand’s largest forestry business, Kaingaroa Timberlands, from the NZ Superannuation Fund.
The Government has begun a review of the governance arrangements of Environment Canterbury, which had commissioners appointed to replace the councillors in 2010 following a critical external review of its performance.
Metlifecare’s big changes in the last 2 years brought the company 2 quite different result schedules for the December half, the difference being one-off items a year ago. Excluding those, Metlifecare has performed better and has a stronger outlook.
Allied Farmers Ltd improved its half-year result in the 6 months to December 2013, but was still in the red – down from a $5.5 million loss in the December 2012 half to a loss of $468,000 in the latest period.
Insurance company Tower Ltd said on Friday it had settled & closed 80% of all its Canterbury earthquake claims.
Commerce Minister Craig Foss said on Friday the Government had agreed to all but one of the Law Commission’s 102 recommendations on modernising the Incorporated Societies Act 1908, either in full or in principle.
The Bob Dey Property Report weekly diary of Auckland Council, auctions, economy, events, Parliament & securities
Environment Minister Amy Adams said yesterday activities involved in offshore exploratory drilling for oil & gas would be classified as non-notified discretionary, but the Environmental Defence Society said the minister was saying, ‘Trust us – we know what we’re doing.’
Building & Construction Minister Maurice Williamson said yesterday the Institution of Professional Engineers had agreed to review the adequacy of engineering design work done for 4 Christchurch buildings.
Home consents continue to rise, all consents up $2 billion for year
Consents for new homes dropped more markedly from December to January this summer compared to the small shift a year earlier, but the annual tally continued its rise.
Immigration numbers jumped by 1200 in January compared to January last year to top 10,000 for the month for the first time since 2004. At the same time, emigrant numbers fell by 2000, resulting in a net inflow up by 3200 to 3873.
Auckland International Airport Ltd will design & build a 12,500m² head office, warehouse & logistics facility for Hellmann Worldwide Logistics Ltd.
Jones Lang LaSalle appoints quake strengthening expert – Shearman returns from cricket in UK to office leasing in cbd – Crown Solicitor appointed judge – Ex-TelferYoung director joins JLL valuation team – Bell Gully makes 7 senior appointments – Murray & Co acquires Rose Capital – Ross & Whitney join AlexanderDorrington as consultants – JLL appoints ex-beer sales manager to retail property team – Jim Boult joins Hawkins board – Solly quits Mint for Harbour