Unrealised gains lift Pyne Gould

Former Canterbury stock & station agent Pyne Gould Corp Ltd – still listed on the NZX although its business is now in the UK & Australia and it wants to be listed in London – reported a financial turnaround yesterday based mostly on non-cash movements in foreign currency reserves.

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On the move, August 2016

Dangerfield appointed to Local Government Commission for Auckland applications – 2 real estate offices switch brands – Envivo appoints Tony Smith to principal role – Ton joins Envivo’s structural engineers – AMP Capital appoints new investment strategy head – Sewell to lead diocesan property team – Robertson to head Tamaki Redevelopment, Harker & Puketapu join […]

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11 of 31 “intensive” properties sell at Barfoots auctions

Details below are on 31 properties offered at Barfoot & Thompson’s auctions last Wednesday & Thursday which fit my description of at least slightly intensive – apartments, townhouses, terraces, and many of them on cross-leases.

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An artist’s impression of Noble’s planned Yaldhurst Village.

Infinity buys troubled Yaldhurst Village

Wanaka-based developer Infinity Investment Group Holdings Ltd has bought the 33ha Yaldhurst Village in Christchurch after years of impasse between subdivision owner & manager, non-payment for infrastructure works and criticism over some common features of the development.

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126 Vincent St.

A low apartment price and very strong commercial yields

A large Vincent St apartment, a Stonefields terrace, a Wairau valley warehouse & office unit and 2 outlets in a new Clendon development were all sold under the hammer at Bayleys’ auction yesterday.

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Stride-managed trust settles 2 Westfield deals

The Diversified NZ Property Trust, a wholesale investment entity managed by Stride Property Group, settled its purchase of 2 Westfield shopping centres from Scentre Group as scheduled on Monday.

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