The Commerce Commission has granted clearance for international building materials manufacturers & suppliers Gebr Knauf KG of Germany and USG Corp of the US to merge, subject to a divestment undertaking. In January, Knauf also entered into an agreement to acquire the EMEA (Europe, Middle East & Africa) & APAC (Asia-Pacific) businesses of another US […]
Sectors
All 3 apartments passed in at auction
All 3 units were passed in at Ray White City Apartments’ auction today – a Soho apartment above High St, a unit in the Vinegar Lane complex (pictured) in Grey Lynn and a flat in Totara Vale on the North Shore.
Updated: Roskill shop sells, Ponsonby & Whangaparaoa arcade properties passed in
A Mt Roskill shop was sold at Barfoot & Thompson’s commercial auction today. A mixed-use property on Ponsonby Rd and a vacant retail arcade property at Whangaparaoa were passed in at Barfoot auctions yesterday.
Updated: Landings & Spencer on Byron apartments sell
Both apartments auctioned at City Sales yesterday were sold under the hammer – a leasehold unit in The Landings at Quay Park and a unit in the Spencer on Byron in Takapuna, where remediation is under way.
No capital gains tax – but land speculation & landbanking rules to tighten
The Government canned a capital gains tax yesterday after the coalition parties failed to reach consensus on it, but Prime Minister Jacinda Ardern said the coalition had agreed to tighten rules around land speculation and work on ways to counter landbanking.
Consultation on building law opens, plus link to discussion paper
Building & Construction Minister Jenny Salesa released the Government’s building law proposals for public consultation yesterday.
