Investore Property Ltd said today it made $17 million more than the $28.5 million after-tax profit forecast for the March year.
Northington Partners Ltd has given the thumbs up to the proposed internalisation of Property For Industry Ltd’s management in an independent assessment out today.
Subscribers have taken up the whole $100 million of Goodman+Bonds in the Goodman Property Trust’s issue of 7-year fixed-rate senior secured bonds, which closed on Friday.
A Kingsbridge apartment, on the Remuera ridge, was sold under the hammer at Bayleys’ Remuera branch auction on Thursday for $8.7 million.
3 South Auckland properties originally included in Bayleys’ Total Property 3 auction list, but excluded before the 17 May event, have since been sold.
Bayleys agents on the North Shore have signed 2 leases in the Wairau Valley and 3 others in Rosedale, Silverdale & Takapuna.
Auckland Transport & the NZ Transport Agency have begun a feasibility study into how a city centre cycle share scheme could operate. This includes looking at how it could be funded and what sort of bikes would be used as well as the range of new technologies available.
Bob Dey Property Report, weekly diary, Auckland Council, auctions, economy, events, Parliament, securities
Government budgets used to be about micro-managing things like tax hikes increasing the prices of cigarettes & beer & petrol. They’re still about micro-managing, with some subtle touches.
Argosy Property Ltd lifted its portfolio by $84 million to $1.46 billion in the year to March on a solid operating performance, a revaluation gain and with repositioning of the portfolio.
Revaluations lifted retirement village owner & operator Arvida Group Ltd’s net profit after tax for the March year to a record $53.7 million, but the company also raised its underlying profit from operations by 47%.
Ngai Tahu Property Ltd has entered into a development agreement to build over 200 homes on 2ha at Hobsonville Point, one of the last undeveloped sites in the masterplanned community at the top of the Waitemata Harbour.
Seagars valuer Reid Quinlan has graphed national housing movements over the last 4 cycles to compare with the present one, where he says we’re 5.5 years into a 10-year cycle. His conclusion?
The Point England Development Enabling Bill, to turn 11.7ha of the 48ha Point England Reserve over to housing and to advance Ngati Paoa’s historical Waitangi Treaty settlement, passed its second reading in Parliament on Tuesday by 62 votes to 43.
7 intensive properties sold out of 19 auctioned at Barfoot & Thompson’s city office over the last 3 days.
A Bendon Retail showroom in Otara sold on a 4.4% yield at Barfoot & Thompson’s commercial auction today.
Gimblett named development general manager at Goodman – Changes at Heritage NZ & Maori Heritage Council – Duggan moves to Green Building Council – Beca appoints Jon Williams as its 5th chief specialist – RCP names Watchorn as regional manager, welcomes back Koolen – Inno Capital secures Roger Kerr for new project – RDT Pacific […]
3 of the 5 apartments auctioned at Ray White City Apartments today were sold under the hammer.
2 apartments were sold at Bayleys’ city auction yesterday, one in the Pullman Residences and the other in Kitchener St Studios (pictured). Another 2 city apartments, a Herne Bay townhouse and a cross-lease in West Auckland were passed in.
A Heritage Grand Tower studio was sold under the hammer at City Sales’ auction yesterday, and a Citta studio with parking space was sold before the auction for $48,000 more than it went for in December.
Auckland Council’s finance & performance committee approved 3 actions yesterday to support urban regeneration, and another likely to result in the transfer of a town centre carpark from Auckland Transport to a supermarket owner.
Transparency campaigner Penny Bright took her message to Auckland Council yet again yesterday. It was notable at yesterday’s meeting of the council’s finance & performance committee that fewer ears were deaf to her message.
VMO (Val Morgan Outdoor), which specialises in outdoor advertising such as digital billboards, has extended its network of digital office tower screens to Wellington.
The Government introduced a bill to Parliament yesterday aimed at better managing methamphetamine contamination, liability for careless damage and the tenancy of unsuitable properties.
The penthouse in the newly converted former Mt Eden fire station (pictured) was sold at auction last week, one of 3 apartment & suburban unit sales under the hammer at Bayleys’ auctions around Auckland.
Auckland International Airport Ltd has appointed a specialist consortium to lead design of the “airport of the future”, starting with creation of a combined domestic & international terminal.
Inland Revenue has issued a binding ruling affecting Property for Industry Ltd’s plans to internalise management.
Evolve Education Group Ltd said on Monday its result for the year to March was strong, but it provided little evidence of this.
Bob Dey Property Report, weekly diary
You could sense an almost imperceptible turning of the tide: the net inflow of migrants slipped by 47 for the year in the rolling 12-month count released by Statistics NZ on Friday.
The headline is what matters in an election campaign, and the headline is that National is promising that, as the government, it will build 34,000 new houses on Crown land in Auckland over the next 10 years.
11 of the 21 commercial properties auctioned by Bayleys yesterday in its third Total Property portfolio for the year were sold under the hammer.