Both apartments auctioned at Ray White City Apartments today had issues, but both sold under the hammer.
The one commercial property on Barfoot & Thompson’s city auction list this morning was sold under the hammer, followed by a slow journey as 8 apartments were passed in. Then, breaking the run at the end of the auction, the last 2 apartments sold.
The Reserve Bank held the official cashrate at 1.75% today.
Auckland Council said yesterday it had issued a warrant to undertake the emergency partial demolition of the Probett Building in New Lynn.
5 units sold out of 13 apartments, townhouses, suburban units & cross-leases auctioned at Barfoot & Thompson’s city office yesterday.
A Portland Tower apartment on Queen St, in the Quest hotel pool, was sold by the mortgagee on a 4.2% yield at Bayleys’ auction today, and a Mission Bay church was also sold, future use unknown.
Both warehouse properties auctioned at Colliers in Auckland today sold under the hammer, the first at East Tamaki at a yield just over 6%, and the second at Rosedale at 5.5%.
Argosy Property Ltd has disposed of the industrial property at 67 Dalgety Drive in Wiri for $6.85 million, a 44% premium to its most recent book value.
Environment Minister Nick Smith’s take on an OECD report on New Zealand’s environmental performance is that it says we are doing well. He skipped the word “however”, which makes frequent appearances in the OECD’s press release and the report.
Goodman Property Trust’s manager announced 5 new developments for the Highbrook Business Park yesterday, worth a total $44 million.
Ex-Horowhenua mayor added to Local Government Commission for year – Malpass joins Steel & Tube board
New Zealand’s net migrant inflow continued upward in February, rising by 28 above the previous record, set in January, to 71,333 for the last 12 months.
Fletcher Building Ltd has dropped its range earnings guidance for the year to June by $110 million (before interest, tax & significant items).
Auckland Council goes to the basics of the super-city tomorrow when its finance & performance committee will formally institute a “value for money” programme review.
Council property & development arm Panuku Development Auckland will present proposals to the Henderson-Massey Local Board tomorrow for the transformation of Henderson town centre, based on residential intensification at 3 clusters of sites.
Viaduct Harbour Holdings Ltd unveiled plans yesterday for a luxury hotel to replace the Simunovich Fisheries building at One Market Square on the Viaduct Basin.
Fletcher Building Ltd expects to make an announcement on earnings guidance on Monday morning after asking for a trading halt on its shares on the NZX & ASX exchanges on Friday.
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