Local Government Minister Peseta Sam Lotu-Iiga has asked the select committee considering the Local Government Act 2002 Amendment Bill (No 2) to extend the report back date from 28 October to 31 March to allow for further policy consideration & drafting changes.
The first stage of the $1.25-1.85 billion East-West Link road project, the $15 million Onehunga works, has begun.
Knight Frank’s South Auckland office has sold a Cryers Rd warehouse in East Tamaki for over $11 million on a 5.9% yield.
Quigley elected chair of Reserve Bank – Forster scores KiwiRail strategy & development role – JLL appoints Richard Paul as head of property & asset management – Harrison Grierson appoints Tolan as survey general manager – Stride appoints 3 national, regional & centre managers – Norwell to head Real Estate Institute – Kiwi drives Victorian […]
Australian automotive aftermarket parts company Bapcor Ltd made a full takeover offer for NZX-listed Hellaby Holdings Ltd at $3.30/share today.
In a mix of 12 flats, a leasehold apartment and a number of cross-leased properties at Barfoot & Thompson’s residential auction last Wednesday, 5 sales were recorded under the hammer and one post-auction, 5 were passed in and one was withdrawn.
Stride Property Group has filed a new resource application for a smaller upgrade of the Johnsonville shopping centre.
Augusta Capital Ltd agreed yesterday to buy a 9.26% stake in NPT Ltd from the Accident Compensation Corp.
Bayleys had a strong performance at its Total Property auction on Wednesday, selling 14 of the 23 properties on offer, including 4 of the 5 retail outlets in the new Grange development on the southern fringe of Warkworth.
Bayleys sold 15 properties in the Bay of Plenty & Wellington in its Total Property auction series last week, and one in Christchurch.
Bayleys agents on the North Shore have sold a Hobsonville industrial site and completed 6 lease transactions.
Bayleys sold 4 apartments & townhouses at its Remuera & city auctions last week, including 2 in Broadway Park.
McKee Fehl Constructors Ltd managing director Maurice Clark has won the premier laureate award at the Property Council Wellington branch’s property people awards.
The Vital Healthcare Property Trust has gone unconditional on the $A30.7 million acquisition of the Mons Rd Medical Centre in Westmead, one suburb out from Parramatta in western Sydney.
Bob Dey Property Report, weekly diary, Auckland Council, auctions, economy, events, Parliament, securities
Sprawl v compact research stops short – Inclusionary housing another debate that’s international – Infrastructure funding options – Related pieces – Making NZ a home for planning thinkpieces
The absurdity weighs on inflation calculations, which weigh on central bank cashrate decisions: the drop in price of a commodity as fundamental to western business as oil is bad.
City Sales snuffed out thoughts of a softening market on Wednesday as it had its third 100% successful apartments auction.
Ray White City Apartments’ auction today began positively as the first unit sold under the hammer. 4 of the remaining 7 apartments received no bid and bidding was light on the others.
A retail property opposite Glenmall was sold on an 8.5% yield at Colliers’ auction yesterday.
Barfoots, apartments, Metro, City Zone, Sarawia St, B&T Commercial, Onehunga, Kelston, Bob Dey Property Report
The Reserve Bank kept the official cashrate at 2% today, with nothing unusual to say about prospects.
The US Federal Reserve held its federal funds rate at 0.25-0.5% overnight.
Auckland Council urban development agency Panuku Development Auckland has selected Tawera Group Ltd to restore the heritage category A former civic administration building on Aotea Square, in a new-look Civic Quarter.
The net inflow of migrants was only slightly higher this August than last, up from 5346 to 5450, but that took the annual tally to a record 69,119 for the year, 29 more than the previous record set in June.
Westfield shopping mall owner Scentre Group Ltd has put WestCity in Henderson back on the market, this time through Auckland agency Whillans Realty Ltd & Sydney agency McVay Real Estate Australia.
Arvida Group Ltd has entered into agreements to buy 3 retirement villages for $66.4 million, two-thirds funded by an underwritten $42 million rights issue at $1.05.
Bayleys agents have sold 11 properties around the Wellington region.
A roadfront unit in a new Kea Property development on Ellice Rd, at the top of the Wairau Valley, was sold for a snip under a 5% yield at Colliers’ auction today. Colliers agents have sold another 6 properties from East Tamaki to Queenstown recently and signed 5 leases, all but one in Auckland.
Submitters on Auckland’s unitary plan had lodged 105 appeals with the Environment Court & 3 with the High Court when the appeal period closed on Friday.
When Northcote was listed as a special housing strategic area 2 years ago, it was to be the site for 700 new homes. When government ministers visited Northcote on Friday, they said the target had risen to 1200 in a $750 million project.
This week’s diary comes with a longer introduction – a fairly quick summation after 6 years of the super-city.