Bayleys agents in Wellington have sold 5 commercial buildings on the Te Aro flats, plus a mixed-use property on the suburban side of the Hataitai tunnel.
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Park Residences apartment sells at auction
A north-east corner apartment high up the Park Residences above St Patricks Square was sold at Ray White City Apartments’ auction today after 4 bids – including 2 raises by the opening bidder.
Read more →Fletcher Building returns to profit
Fletcher Building Ltd said today its return to profitability marked the successful execution of the first year of its 5-year strategy aimed at refocusing & growing the business.
Read more →Huge bill for Australian apartments fix – and that’s not counting the lost opportunity cost
There’s an omission in an Australian report out on Monday which put a midpoint pricetag of $A6.2 billion on fixing the last 10 years’ worth of poorly constructed apartment buildings. The omission: That $A6.2 billion is money you no longer have available – for new construction or for anything else.
Read more →Propbd – world property T20Aug19 – GIC buys into Lendlease’s Barangaroo South creations
GIC takes 25.1% stake in Lendlease trust – Barangaroo, background, infrastructure investment – GIC takes 25.1% stake in Lendlease trust – Barangaroo South – Investing in oil pipelines – The rail investment
Read more →Oceania gets consent for St Heliers village
Independent Auckland Council commissioners have granted Oceania Healthcare Ltd consent for its retirement village proposed for Waimarie Street in St Heliers after a hearing in July.
Read more →4 light industrials among 5 Christchurch sales
4 light industrial properties, including a tiny roadside triangle, are among 5 sales reported by Bayleys’ Christchurch agents. The other property sold is a café.
Read more →Revaluations big boost for PFI profit
Property For Industry Ltd lifted its half-year profit by 57%, boosted by a much larger revaluation gain.
Read more →Who cares about the Pacific anyway? A few drowned islands, we can cope
We watch, but we don’t see. For decades, New Zealand did just enough to support the economies of the South Pacific, Australia likewise. That support was grudging.
Read more →Next hurdle tomorrow for Southern Gateway plans beside airport
The Southern Gateway Consortium’s plans to open up 150ha next to Auckland Airport at Wiri for development must be nearing the last hurdle this week.
Read more →Precinct’s bottom line down 25%
Precinct Properties NZ Ltd attributed its 25% fall in net profit to $190.1 million for the June year to lower revaluation gains & movement in financial instruments.
Read more →Industrial properties sell in Airport Oaks, East Tamaki & Onehunga
Bayleys agents have sold 4 industrial properties in the Airport Oaks precinct in Mangere, East Tamaki & Onehunga.
Read more →Summerset lifts underlying profit
Retirement village operator Summerset Group Holdings Ltd made an underlying profit of $47.8 million in the June half-year, a 6% increase on the first half of 2018.
Read more →Convention centre completion now “late 2020”, focus moves to Federal-Albert Sts block
Completion of the NZ International Convention Centre on the Nelson-Hobson Sts block in downtown Auckland is the biggest event on SkyCity Entertainment Group Ltd’s horizon, but it’s not the only focus.
Read more →Te Rapa building sells, other auction lots passed in; 3 Auckland sales
A Te Rapa building outside Hamilton, occupied by boating & fishing company Hauraki Marine Ltd and a fitness centre, was sold on a yield of just over 6% at Bayleys’ Total Property auction in Hamilton today.
Read more →PFI buys on Tidal Rd
Property for Industry Ltd has finalised an agreement to buy an industrial property to be developed at Tidal Rd in Mangere for a net $34.2 million.
Read more →Short-term rental accommodation reform on table in NSW
The New South Wales Government has proposed a new regulatory framework for Airbnb-type short-term rental accommodation, including changes to planning laws and a mandatory code of conduct.
Read more →All 4 apartments sell at auction
All 4 apartments auctioned at Ray White City Apartments today were sold under the hammer, and a second unit in the Aura on Cook St was sold prior.
Read more →NZ estimated population 80,000 short of 5 million
New Zealand’s population reached an estimated 4.92 million at 30 June, Statistics NZ said today.
Read more →Westwater floor sells
A Westwater apartment in St Marys Bay sold at Bayleys’ auction today, but a unit in the 2-year-old Aria at Vinegar Lane didn’t attract a bid.
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