Vital Healthcare Property Trust’s manager, Northwest Healthcare Properties Management Ltd, will put its proposal for a foreign exempt listing on the Australian Securities Exchange to unitholders at a fully virtual – online – meeting tomorrow.
Read more →Sectors
Large site with mix of tenancies plus Grey Lynn & Mt Albert properties sell
Bayleys agents have sold a large Royal Oak site with a variety of residential tenancies on it, 2 mixed use units in Grey Lynn which have development options and a vacant commercial unit in the St Lukes Business Park.
Read more →Investore says retail portfolio deemed essential gives it strength through lockdown
NZX-listed supermarket owner Investore Property Ltd said in an update on Friday it was in an unusual position in the listed property sector because almost all its tenants are “essential businesses” under the Government’s classification for Covid-19 alert level 4.
Read more →Augusta pulls Albany purchase, but property fund may be revived
The Augusta Property Fund’s long-settlement purchase of the Albany Lifestyle Centre from Argosy Property Ltd fell through on Friday, which was to have been settlement day.
Read more →Kiwi Property extends $361 million of bank facilities
Kiwi Property Group Ltd refinanced $214 million with 3 banks on Monday and another $147 million with 2 banks on Friday, and now has nothing maturing until the March 2023 year.
Read more →2 industrial subdivision lots & lodge management rights sold
Bayleys agents have sold 2 units in a new Hauraki District Council industrial subdivision and the management rights for a Whitianga lodge.
Read more →Augusta pulls property fund IPO
Augusta Capital Ltd has decided to withdraw the initial offering of the Augusta Property Fund. The decision comes a day after Augusta managing director Mark Francis announced that the proposed takeover of the company by Australian investment manager Centuria Capital Group had fallen through. Company chair Paul Duffy & managing director Mark Francis said today: […]
Read more →Rent refusal without consultation alarms commercial landlords
Property Council chief executive Leonie Freeman said today many large commercial tenants had sent their landlord letters announcing they were refusing to pay rent, with no consultation.
Read more →Airport defers $2 billion of projects
Auckland International Airport Ltd deferred over $2 billion of capital spending yesterday, and is reviewing some more.
Read more →Millennium & Copthorne sees trading loss rising
Millennium & Copthorne Hotels NZ Ltd said on Wednesday its first-half revenue loss would certainly exceed the $24 million forecast 9 days ago.
Read more →Restaurant Brands says it can ride out closures
Restaurant Brands NZ Ltd closed all its 148 KFC, Pizza Hut, Carl’s Jr & Taco Bell fast-food outlets in New Zealand on Wednesday and will keep them closed for at least 4 weeks.
Read more →Bank support gives brewer Moa confidence
NZX-listed brewer & hospitality company Moa Group Ltd closed all its venues on Tuesday, in line with the Government’s Covid-19 requirements.
Read more →PFI secures extra facility
Property for Industry Ltd has secured a new $50 million liquidity facility from the Commonwealth Bank of Australia’s New Zealand branch to tide it over the Covid-19 lockdown & through the next 18 months.
Read more →CDL confident land sales will stand
Residential land developer CDL Investments Ltd said on Wednesday it was confident all unconditional land sale agreements it holds will settle this year.
Read more →Fletcher Building cancels dividend, suspends share buyback
Fletcher Building Ltd cancelled its interim dividend and suspended its share buyback on Wednesday.
Read more →Refining NZ extends & expands bank debt
The New Zealand Refining Co Ltd said on Wednesday it had extended & expanded its existing bank facilities, increasing the weighted average term to over 3 years and adding $50 million of capacity.
Read more →Steel & Tube focuses on being ready to reopen
Steel & Tube Holdings Ltd closed all its sites on Wednesday, in line with the Government’s level 4 alert on the Covid-19 virus, “except where we are needed to supply essential businesses”.
Read more →Michael Hill postpones dividend
While some other NZX-listed companies have cancelled their dividend payments, jewellery retailer Michael Hill International Ltd said on Tuesday it had postponed payment.
Read more →Warehouse switches from open to closed on Red Sheds, cans dividend
The Warehouse Group Ltd about-turned yesterday on its intention to keep its Warehouse Red Sheds open for business, after the Government told the company these outlets didn’t fit the designation of “an essential service”. The company also cancelled its interim dividend.
Read more →Wayby landfill proposal open to submissions
Waste Management NZ Ltd’s application to establish a new regional landfill running down to State Highway 1 in the Wayby Valley, midway between Warkworth & Wellsford 75km north of downtown Auckland, opened to public submissions today.
Read more →