Augusta gets February court date while NPT continues with meeting plan

The scrap between 2 listed property companies, Augusta Capital Ltd & NPT Ltd, reached an odd point today: NPT, having said it will call a shareholders’ meeting for February, faces a 10 February court date on Augusta’s application to require this meeting “as soon as reasonably possible”.

Continue Reading
The launch ceremony at Sunny Heights.

Changda launches 2 projects to build 1700 Auckland homes

A provincial Chinese construction company, Changda, formally launched 2 Auckland projects in the last days which should result in about 1700 homes being built over the next 5-8 years on sites designated as special housing areas.

Continue Reading
376 Great North Rd, Grey Lynn.

6754/m² for Great North Rd site

A Great North Rd corner property fetched $6754/m² at Barfoot & Thompson’s auction yesterday, and 3 of the 5 apartments were sold.

Continue Reading

Intense bidding followed by no bids

Intense bidding for the first 3 properties on Ray White City Apartments’ auction list yesterday was followed by 2 which received no bid, weak bidding on the next 2 and no bid again on the last. The contrast is a mark of the times, as the question “Where’s the market going?” is on the lips […]

Continue Reading
The units at 2 Herne Bay Rd.

Suburban units sell

2 units in Herne Bay (pictured) & Pt Chevalier and a double offering of an apartment & studio in the Bianco off Queen in the cbd were sold at Bayleys’ residential auction on Wednesday.

Continue Reading

Moral victory only – no money – for bank clients in swaps case

High Court judge Dr Matthew Palmer issued a moral judgment on Monday in favour of a Taranaki farming couple who lost heavily in a swaps deal with the National Bank when the global financial crisis hit in 2008 – moral only, because he said the law precluded awarding damages.

Continue Reading
5A King Edward Parade, Devonport.

Sale on Devonport waterfront

A grand Edwardian unit on the Devonport waterfront (pictured) was sold under the hammer at Bayleys’ North Shore residential auction last week. It was one 6 apartment & townhouse sales at suburban branches around the region.

Continue Reading

Sale & 4 leases for Shore agents

Bayleys agents on the North Shore have sold a unit in Rosedale Mews and signed 3 leases in Mairangi Bay & Rosedale, plus the lease on a 4m² retail unit in Queens Court, across the road from the Auckland Town Hall.

Continue Reading