A new resource launched last night encourages tenants & landlords to join forces to create better performing, more energy-efficient buildings.
Qatar fund joins Lend Lease for $A2 billion Barangaroo tower – Lend Lease wins tender for Brisbane motorway widening – Mirvac buys Sydney apartments site & 481ha for Brisbane homes
New Zealand formally became a founding member of the Asian Infrastructure Investment Bank at a signing ceremony in Beijing on Monday.
Bayleys agents have sold 3 properties and concluded 10 lease transactions in Newmarket & Parnell.
General Electric lifted its selldown to $US63 billion in 3 months when it announced the disposal of vehicle fleet finance & management businesses in 4 countries yesterday.
Briscoe prepares takeover offer after grabbing 19.9% of Kathmandu – Argosy sells 2 Manawatu sites
Joyce talks up NZ development at Sydney symposium – 2 more special housing areas for Tauranga – Retirement villages & townhouses lead home construction
Building consents for retirement village units & townhouses were well up in May, but overall consents for new homes rose by only 2.2% from a year ago.
Bob Dey Property Report weekly diary Auckland Council, auctions, economy, events, Parliament, securities
Charlie Anderson moves to Metlifecare – Nguyen joins JLL in retail – Booker joins JLL in city fringe office leasing – Ebert takes over as mayor’s chief of staff – North takes on human relations role at JLL – Jordan to join Chorus board – Perkins moves to CBRE – DNZ moving – Edwards plans slow exit from Metlifecare – Retiring Veda chief to join Turners board – FMA elevates executive quartet – Metro Commercial expands in Wellington – 2 new associate directors for RDT Pacific – 3 new faces at FMA – JLL expands project & development services – Bolton to lead CBRE transaction management team
Revaluations lift Vital portfolio by 12% – Allied Farmers completes Speirs settlement
Mayor Len Brown’s regular opponents went one vote short of causing financial chaos for Auckland Council on Thursday, after picking up support from critics of the flat new transport levy.
The council produced estimates after Thursday’s vote to show the impact of rates changes wouldn’t be quite as the critics have made out.
The bill containing 2 of the Budget 2015 property tax proposals passed its first reading in Parliament on Thursday. Submissions on it close on Thursday 9 July.
Strong institutional interest in property alternatives fund
3 apartments were sold under the hammer at Bayleys’ residential auction on Wednesday.
Bayleys agents have concluded 3 sales, including one in The Foundation on Oteha Valley Rd, Albany, developed by Cappella Trust Investments Ltd (Adam Reynolds) on a site owned by Todd Property Ltd. Another was the Wallace Cotton premises on Apollo Drive.
Treasury released documents last night showing it questioned the course the Reserve Bank has adopted in recent months to dampen Auckland’s bubbling housing market.
Ports of Auckland Ltd joined its owner, Auckland Council, yesterday in accepting the High Court decision which revoked resource consent for the Bledisloe wharf extensions.
Vital Healthcare Property Trust’s manager announced 2 expansions for its Australian portfolio yesterday.
Precinct Properties NZ Ltd has made a $65 million (3.9%) revaluation gain on its investment property portfolio and has entered into an agreement to sell 171 Featherston St in Wellington for $76 million.
Arvida Group Ltd’s $30 million placement to fund the $62 million acquisition of 3 Auckland retirement villages has been fully subscribed.
The one apartment taken to auction at Ray White City Apartments today was sold under the hammer.
Bayleys agents have completed 6 sales in the cbd & fringes, plus another 3 in Grafton, and 8 lease transactions.
A building at the top of Queen St has been sold on a 5.5% yield.
Auckland Council’s governing body voted today for a rates increase that will average 9.9% for residential ratepayers including a flat $99 residential & $159 business (plus gst) interim transport levy.
Wide array of units sell at Barfoots – Swney jailed for 5 years 7 months
Newly NZX-listed retirement village operator Arvida Group Ltd has conditionally bought the Aria Villages in Auckland for $62 million.
Parliament’s local government & environment committee has issued an interim report on the Building (Earthquake-prone Buildings) Amendment Bill and is seeking feedback from previous submitters, closing on Thursday 16 July.
Auckland Transport said yesterday construction would start in October on the city rail link early works package between Britomart & Wyndham St. The main works are expected to start in 2018 for completion in 2023.
The bill containing 2 of the Budget 2015 property tax proposals was introduced into Parliament today.
Sale of Fletcher Building Ltd’s headquarters at a 7% yield is among 3 Auckland sales and one in Tauranga reported by Colliers.
Revised NSW apartment design guide out – Big box v councils
The 2.5% rates rise is forgotten, not mentioned in the rates setting spiel for Thursday’s meeting of Auckland Council’s governing body. Instead, new targeted rates will increase the bill on a $1 million property by 4%, and on a $100,000 apartment (a cbd shoebox) by 27%.
The Productivity Commission makes some central recommendations in a wide-ranging draft report on Using land for housing.
High land prices encourage the production of larger & more expensive housing.
Paterson joins Tertiary Education Commission – New chairs for 3 Crown research institutes – Research network roles – Gardiner & Auton join Local Government Commission