4 units sell under hammer at City Sales – Both apartments passed in at Bayleys – 2 NZ Post buildings sell at auction – Traders swoop on damaged Connaught unit – FMA files civil claim against Prince as Viaduct trustee
Fletcher Building Ltd has reported net earnings of $339 million for the June year, up 4% from $326 million last year.
Simons stays on Plumbers Board to complete hearing – Waters confirms retirement, Norris to take Fletcher helm – Overend made partner at Duncan Cotterill – Aurecon appoints new chief executive – Precinct alternate director replaced – Curnow & Taylor reappointed to Valuers Registration Board – Marg Mills joins JLL team on Shore – Construkt hires designer & 3 new graduates – Walker takes over at Hawkins Construction 4 months after Ashby’s exit – White Associates restructures to meet anticipated demand – Dons moves to Metro Commercial – Morley joins JLL’s new Shore industrial team – Envivo appoints Hardy & Atimalala to senior planning roles
Auckland property values have risen an average 33% since Auckland Council carried out its last revaluation, in 2011 – and in some areas as much as 44%. The new council revaluation, dated 1 July 2014, is under way. It will be used as the basis for council rates from the financial year starting 1 July […]
The Bob Dey Property Report weekly diary of Auckland Council, auctions, economy, events, Parliament & securities
One week after consultation closed on a Government proposal to provide $103 million over 3 years for pedestrian & cycling projects, Prime Minister John Key announced yesterday that a National government would make $100 million in new funding available over the next 4 years to accelerate cycleways in urban centres.
The Russell family, owner of Dominion Constructors Ltd, has sold Aecom House at Quay Park to Ngati Whatua Orakei Whai Rawa Ltd at an undisclosed price but at a yield of about 8%.
Russells sell Aecom House to Ngati Whatua
SkyCity Entertainment Group Ltd reported its annual result and revealed approved concept designs last Wednesday for the NZ International Convention Centre, but in a flood of news from a number of companies during the week I was very sparing on detail.
One Auckland site was included in a list of the top 10 contaminated sites prioritised last week for a cleanup under a Government remediation programme.
Housing Minister Nick Smith signed his fourth & fifth housing accords on Thursday, for Tauranga & the western Bay of Plenty.
Vital Healthcare Property Trust, the biggest listed investor in medical & healthcare real estate in Australia & New Zealand, said on Thursday it increased net profit after tax by $2.7 million (7.8%) to $37.4 million in the June year.
Precinct Properties Ltd said last Wednesday it ended the June year with similar net profit after tax to its 2013 result when a large tax benefit last year was excluded. But the company’s focus is very much forward, on developments at the Downtown Centre and in the Wynyard Quarter, and on how to maintain earnings while those projects are underway.
Auckland Council’s Auckland development committee got itself bogged down in a confidential debate on the next tranche of special housing areas on Thursday, and ended up deferring 2 important items on its agenda.
Bayleys agents have leased 4 commercial premises in Albany, Milford & Takapuna this month.
Dexus Property Group confirmed on Thursday that it had sold the Lumley Centre in Auckland to German pension fund Deka Immobilien Investment GmbH for $146 million.
Ladstone Holdings Ltd (Dallas & Ross Pendergrast) has put the Pakuranga Plaza on the market, 20 months after buying the shopping centre from Westfield Group.
A developer-owned apartment off Symonds St, offered with a reserve price of $1 + gst, sold at Ray White City Apartments’ auction yesterday for $100,000 + gst. It was one of 4 units to sell under the hammer out of 5 offered at the auction.
Bayleys’ North Shore office has reported one sale & 6 lease transactions around Albany.
An apartment in Westminster Court, opposite the High on Parliament St, was passed in at Bayleys’ auction on Wednesday after a fairly reluctant bidder offered $800,000, well short of the reserve.
The port companies of Auckland & Napier confirmed their roles on Wednesday in a joint venture to develop the 9ha old Longburn freezing works site outside Palmerston North into an inland port & intermodal freight hub.
One city-fringe apartment in Grey Lynn (pictured) was sold at Barfoot & Thompson’s auction on Wednesday and 4 other apartments & a suburban townhouse were passed in.
The new Patent Regulations 2014 were published in the NZ Gazette yesterday under the Patents Act 2013, which replaces the Patents Act 1953 and comes into force on 13 September.
NAI Harcourts is part of one of the world’s largest and fastest growing commercial real estate brands. Enjoying massive growth in the commercial and industrial property sector and poised for further success, we have a vacancy for an experienced professional team-orientated broker with drive and ambition who is keen to join our very successful North […]