An unexpected report: To assess economic shifts internationally, in recent years I spent more time watching political, financial & other activity in places most influential for New Zealand. That meant the US in particular – the Federal Reserve, the Wall St indices & US Treasury chart of national debt (the figure today is “a few […]
Read more →Sectors
Asset Plus signs Restaurant Brands up for Christchurch lease
Asset Plus Ltd announced its intention on Friday to build a fast-food restaurant for Restaurant Brands Ltd on a bare site at the Eastgate Shopping Centre in Christchurch.
Read more →Marsden Maritime trading up, revaluations & profit down
NZX-listed Marsden Maritime Holdings Ltd (the former Northland Port Corp NZ Ltd) increased the company’s trading surplus for the year to June by 4.6% by continuing to expand its non-port related activities.
Read more →Steel & Tube makes $60 million loss, more staff leaving
Steel & Tube makes $60 million loss, more staff leaving
Read more →Endymion apartment & Grey Lynn townhouse sell
An apartment in Remuera’s Endymion complex and a Grey Lynn townhouse were sold at Bayleys residential auctions this week.
Read more →World property S29Aug20 – Logos & partners buy in north Melbourne
The international industrial-focused trio of Logos Property Pty Ltd & its backers, ARA Asset Management Ltd & Ivanhoé Cambridge, expect Logos to break ground in early 2021 on its 25ha $A230 million Broadmeadow Distribution Centre project in northern Melbourne.
Read more →Scentre points to some positives – but it made a multi-billion-dollar half-year loss
Westfield mall owner Scentre Group focused on operating earnings & funds from operations in its results release on Tuesday for the June half-year, not including comparisons with the 2019 half-year until it really had to. This half, Scentre tumbled to an $A3.7 billion loss. All but a couple of valuation lines below are in Australian […]
Read more →MaxCap makes first loan through wholesale fund to Safari’s Ramada Wellington
Australian development financier MaxCap Group said yesterday it would provide $30 million of first mortgage funding to developer & builder Safari Group Ltd for the new Ramada hotel & apartment building in central Wellington.
Read more →Urban village with rejuvenated coastal perimeter proposed to replace church beside Shoal Bay
Auckland development company KBS Capital Ltd (Liu Wei & Xin Xu) said on Tuesday it was seeking resource consent to create a new-generation mixed-use urban village destination, Amaia, on the site of the former Harbourside Church beside Shoal Bay.
Read more →Fed changes part of its formula, support for asset values continues
US Federal Reserve chair Jerome Powell issued a changed formula yesterday on how it will gauge economic shifts and the consequent moves in interest rates.
Read more →14 commercial sales from Rosedale to Manurewa
Bayleys agents have reported 14 commercial, industrial & residential development site sales around the Auckland metropolitan area.
Read more →Revaluations take Metlifecare to loss
Retirement village company Metlifecare Ltd made a $33.7 million loss in the year to June as construction of new units & resales both fell, the average value of new homes rose but the development margin slipped.
Read more →New exemptions from building consent effective Monday
The Ministry of Business, Innovation & Employment’s building performance team has posted a summary of upcoming exceptions from the requirement for building consents.
Read more →QV reviews house price index
Quotable Value Ltd said today it wouldn’t release its usual monthly house price index because it had decided to refresh its market commentary for the media.
Read more →Goodman issues $200 million of bonds
Goodman Property Trust manager Goodman (NZ) Ltd will issue $200 million of fixed interest rate bonds to wholesale investors on Friday 4 September after pricing 2 bond issues.
Read more →Elevating acknowledged sexual harasser brings string of repercussions at AMP
Financial services company AMP Ltd gave only the barest of hints in an NZX announcement on Monday of the trouble it had wrought upon itself since June.
Read more →Defunct kitset homes company director fined $80,000 for Fair Trading Act breaches
The director of now-defunct kitset home business Get Design & Sales Ltd, Emma Gestro, was fined $80,000 last Friday for breaching the Fair Trading Act by taking payment for goods not delivered.
Read more →Ministry simplifies building code update procedure
The Ministry of Business, Innovation & Employment (MBIE) has decided to update the building code annually from next year.
Read more →6 commercial & industrial sales
Colliers has sold 3 Auckland commercial properties at auction in the last fortnight – 2 in Onehunga in an online auction, one in Mt Wellington an hour before the renewed lockdown began.
Read more →Mix of properties sold in Manurewa, Papakura & Papatoetoe
Bayleys agents have sold a former Manurewa bank, a Papakura building containing shops & apartments and a Papatoetoe property with consent for an apartments addition.
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