On the move, November 2014

Wanaka developer Bob Robertson dies – Construkt adds to architecture workforce – Gordon takes over as Bell Gully chairman, Gault as deputy – Jasmax appoints interiors team leaders – Financial advisors code committee gets 3 new members – Metlifecare appoints operations manager – Tilbrook to leave Fletcher board – JLL appoints assistant project manager – Henley leaves World Green Building Council – Corbel makes 3 senior appointments – Oyster hires new chief financial officer – Michelle Smith joins Pyne Gould board – Lloyd to head CBRE’s new NZ residential projects business – 5 promoted at Envivo – 2 architects join Context and 2 staff promoted

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Kiwi Income to lift performance with LynnMall upgrade, Majestic seismic cost rises

Kiwi Income Property Trust said this week its half-year net profit after tax fell 62%, largely due to fair-value gains in the September 2013 half which weren’t repeated this time. Trust management chief executive Chris Gudgeon said the operational result was pleasing. For 2015, the trust has a $36 million redevelopment of LynnMall in sight, and completion of most of the seismic upgrade of the Majestic Centre in Wellington.

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Three Kings debate goes to & fro, council to continue negotiating just with Fletcher

Auckland Council’s Auckland development committee debated the complications of a proposed land swap and 2 plan change applications by Fletcher Building Ltd for about 3 hours yesterday before opting 14-3 to negotiate only with Fletcher on the swap.

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Harcourts chief says Reserve Bank still hitting wrong target

Harcourts chief executive Hayden Duncan said yesterday the Reserve Bank’s loan:value ratio “speed limit” restrictions hadn’t greatly affected the property markets they were supposed to – Auckland & Christchurch – but had affected first-homebuyers outside those 2 cities, where sales & prices continued to dip or remain stagnant.

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Hawkins chief lambasts Government & lawyers for blocking productivity gains

Hawkins Group Ltd chief executive Geoff Hunt laid down 2 challenges for the Government last night, at a function celebrating the group’s own positive attitude – to stop being a barrier to the productivity growth it’s supposedly targeting, and to overcome “hijacking” of the procurement process by lawyers.

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Pasadena ends transport calculation bias towards single-occupant cars

Pasadena City Council, in southern California, has switched from the car-focused “level of service” review for multi-modal measurements to a new set of standards. The state of California is working toward similar legislation in a review of the California Environmental Quality Act, but more slowly.

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