Archive | Archive – Week

Snapshot of the Week, to 30 March 2003

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

Albany: Public expresses disappointment in Albany Centre feedback

External links: Bell Gully Construction Contracts Act page

Downer EDI

CPG Corp

Temasek Holdings

Listeds: Fletcher Challenge rethink lifts emphasis on earnings from forest land

Listeds – Australia: Woolworths acquisition a big boost for Foodland Associated

Westfield increases AMP trust stake, trust drops bombshell for Centro; Westfield takes chunk of AMP Shopping Centre Trust

Local business: Goldman Sachs & JBWere to merge

Spicers buys Sterling Portfolio Management from Dorchester

Local property: Hutchison sells down & Downer management takes up stake

National Property Trust goes for BNZ facility

propbd Diary – Listeds: PFI annual meeting

Metlifecare annual meeting

propbd Diary – Listeds – Offshore BIL sets Thistle takeover meeting date

Shortland St: Shortland 1 becomes Gosling Chapman Tower

Statistics: Property income returns strong across all sectors

U: Cheyne leaves Ernst & Young

Morrison new Arrow chief executive

Anslows’ Illustra folds

Oceanside Motor Lodge company closed

Symes’ Earnslaw Heights folds

IRD seeks liquidation for McLellan’s Buildcorp and Rojo

Hawken’s Aunty Maria Day Care faces IRD liquidation call

IRD seeks liquidation for Findlay’s Tamaki 201

5 Mawhinney companies head for liquidation next week

Ede’s Ambrico wound up, Dimension Group settles

Mad Dogs joins 3 other Fourie companies on liquidation list

Snack Attack gets adjournment

Proctor Concrete wound up

Rub-a-Dub Ross’s Coldfield heads for fixture

81-85 Fort St companies settle

8 Gavin Harris companies on liquidation list

Plant & Machinery Sales gets adjournment

Elkhishin’s Everworth gets adjournment

Lasike Coupe to settle

Master tells IRD to take the money

Northcross Dental Care sale just beats liquidation

Johnson Developments wound up

Coastal Landscaping to settle from machinery sale

Standard 105 wound up

Tamarind Engineering talks settlement

AAAAAA Abacus Plumbing closes

Tufwall Central closed

Venue Revenue Services folds

Custom Conservatories folds

Ramack Builders folds

0800 4 Consent folds

Texrite Coatings folds

Dodds Holdings folds

Barton McGill Marine folds

Ede’s Dimension Furniture faces liquidation

Geale joins Mainzeal

Williams to co-ordinate B&T’s rural & lifestyle division

Viaduct Harbour: Marine industry lobs anti-Awag submission into council

World business: WTO rules against US on steel

World property: Stockland takes 15% of Botany half-owner AMP Diversified

CDL Singapore bumps earnings up 181%

Investa buys MacArthur Central retail in Brisbane

Downer buys Singapore facilities business

Lend Lease talks to Morgan Stanley on equity advisory business

Starwood sells Sardinian hotels to Colony Capital

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Snapshot of the Week, to 4 August 2002

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

Albert St: Hotel chain sells 3-building Albert St site

Auckland City consent activity Extra parking floor for Scotia Pl flats

Request for Entertainment Centre signage changes withdrawn

New Mt Albert restaurant allowed

Momo conversion allowed but closing time cut

New Kingsland café

Mission Bay tavern consent deferred over parking

New Onehunga restaurant approved

Otahuhu courthouse flats consent deferred

Prescription wanted for Otahuhu church hours

Apex business park roading change allowed

Neon sign on Ponsonby Rd scheduled building allowed

McKenna’s parking cut proposal notified

Auctions: Bayleys organises Team NZ online auction

Beaumont Quarter: McKenna’s parking cut proposal notified

External links: Ngai Tahu Property Group

Kaipara District Council

Ground leases: Tramco sells Logan Park ground lease to CDL at 7.7% yield

Kingsland: New Kingsland café

Listeds: National unitholders support offer

Fletcher snipes back at ex-director Hurley

Listeds – Australia: Westfield increases half-year profit 9.7%

Local business: Best trading year at Port of Tauranga

New draft transport strategy

Rodney mayor won’t endorse transport strategy

September start for Spaghetti Junction upgrade

$388 million sought for rail upgrade stage 2

Local property: Northland environmental updates

Mission Bay: Mission Bay tavern consent deferred over parking

Mt Albert: New Mt Albert restaurant allowed

Momo conversion allowed but closing time cut

Mt Wellington: Apex business park roading change allowed

Otahuhu:Otahuhu courthouse flats consent deferred

Prescription wanted for Otahuhu church hours

Securities law: Next court date set for Reeves Moses securities law charges

Securities Commission: Dorchester disappointed at commission’s move

Securities Commission orders Harts Contributory Mortgages to stop work

Statistics: Hotel operating profit/revenue average slips a point

U: Wincott wound up

Lightbox Productions wound up

Whangapoua Properties settles

DMB Entertainment holds on for settlement

Flowmotion in receivership, holds off liquidation

Liguori’s Circuit Graphix fights liquidation

Visual Group wound up

A1 Electrical Enterprises wound up

Ibiza & Isobar Restaurants wound up

IRD gets J&P Painting wound up

ACC gets Zenith Scaffolding wound up

Rycobra enters voluntary liquidation

DFL goes into voluntary liquidation

Benchmark withdraws against AM Homes

Henderson Installations wound up

PFS 2002 settles with Placemakers

Receivers at South Pacific Hospitality

Esther Samuel liquidator for Burgess companies

Betta Building wins adjournment

S&R (ex-Genesis Homes) wins adjournment

Chapperal Farms settles

IRD gets Harts CM wound up

B&H Construction wound up

Essex’s NZ Debt Repay wound up

SE Adal Construction wound up

Roberts Roofing wound up

V Contracting wound up

Botany Developments liquidation deferred

Paintech Decorators settles

Advanced Kitchens reaches settlement

Roseneath Properties settles

Earthmoving Consultants gets adjournment

Networks Direct in voluntary liquidation

Atlantis Group to settle

Pacific Interactive wound up

Eskay Security company in voluntary liquidation

Nationwide Traffic Management to settle

Care Scaffolding wound up

Symon Peters’ 327 Adelaide Rd wound up

Jomandi Aluminium struck off & wound up

Counties Contractors wound up

Waterfront: PWC Tower occupancy hits 91%

World property: Telstra sale & leaseback to net $A100 million profit

Australian Walter Construction on market

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Snapshot of the Week, to 15 July 2001

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

Auckland City Council consent activity: Councillors defer decisions on university, Eden Park applications

Commissioners appointed:

St Joseph’s Home redevelopment

Innovative housing project in Howe St

Consent/notification applications:

New university student facility and IT study centre deferred

Apartments for top of old Thomas Cook building

Four-floor student facility/IT study building proposed

Eden Park tree removal questioned

Institute of Studies expands

Units next to church get reverse-sensitivity covenant

Questions over warehouse for rail corridor

Two language schools in Panmure and Otahuhu raise parking issues

Church off Carbine Rd approved

Office/home above shops at Pt Chevalier

Freemans Bay Japanese restaurant expands

Herne Bay street stoppage approved

Listeds: PFI sells two at book value

Local business: Subcontractors bill submissions close 8 August

Progressive cleared to buy Woolworths

Evergreen sends out debt into equity proposal

Auckland roads committee cries foul at funding ratio change

City-fringe commuter parkers beaten off

More using public transport into cbd

Dairy exports boon for trade balance

Fletcher Building sells aluminium solutions centres to Ullrich

Waters joins Fletcher Building board

Region’s councils agree on rail approach

Retail sales weak

Local property: Studio Metropolis in liquidation

Hartner Group faces liquidation

City blueprint for Shore

Axa raises Southern Capital stake

PFI expands Hurricane property and extends lease

Beverley joins PFI board

AMP Diversified delists in NZ

North Shore: North Shore adds to green network

Statistics: Accommodation market performed strongly in May

World business: Long bonds to overcome Thai bank debt mountain

New World Infrastructure sells down

Wesfarmers gets H Smith board’s takeover approval

Woolworths Australia boosts sales

World property: Australia Infrastructure Fund makes loss

Small revaluation gain for AMP Industrial

James Fielding establishes mezzanine debt fund for institutions

HK Airport back in profit

Macquarie cuts industrial trust management stake

Leighton wins expressway contract aimed at increasing Manila industry

Investa gains in revaluations

Ariadne settles in California

Rapid turnout of Four Points by Sheratons

Rothschild cuts Macquarie Goodman stake

Babcock & Brown at 35% of MTM

Rydges goes wireless

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Snapshot of the Week, to 14 April 2002

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

Agency: Update: Proportionate ownership issue closes fully subscribed

Auckland City consent activity: Federal St overpass sought for Sky convention centre

Extra parking for Union St property to be notified

University rooftop rejig on new block OK

Hopetoun development changes approved

Billboards under motorway at Khyber Pass to be notified

Special hearing for new Charlotte St block

Extra conditions for Lion’s bridge to new Newmarket office

May Rd warehouse parking reduction approved

Gapes gets late objection in on Eden Village fees

Review conditions placed on Eden Village parking reduction

Third Gapes application deferred

External links: The Shape of Money

Rolle Ltd

AlexanderDorrington newsletter

CollaborIT

Local business: EY keeps landing PFI audit job

Eastern corridor speed-up agreement

Retail sales up 9.8%

CSFB wins airport stake sale role

Back-up forest sale agreement

Local property: Imax cinema closes

Taradale to open Greenstone Lodge

Council puts individual property details on website

propbd Diary – Listeds: CDL group annual meetings

U: NZ Realties goes into voluntary liquidation

Hi There goes to defended fixture

Product Brokers’ liquidation unopposed

Settlement breakdown at R & F Concrete

Clode company Raiser holds off 2 liquidation calls

STM Engineering liquidation hearing adjourned

Sunesis fights liquidation

Metro Construction liquidation action withdrawn

Formwork liquidation deferred

Linx wound up

Furniture Concepts wound up

Buildcorp company Lisburn wound up

Coast Highway Holdings wound up

Te Kotuitanga Trust wound up

Fubu misses last payment

Kelly company Roseneath staves off liquidation

Liguori’s Central Trading services goes into voluntary liquidation

Liquidation of low company Wagner deferred

Unsigned guarantee defeats Maddren recovery

IRD seeks liquidation of Simpson-Marvin companies

Another Peter Turner company in liquidation

Herbson Den in voluntary liquidation

Voluntary liquidation for Scott Massey company

Lowes Properties in voluntary liquidation

Lawton Building Removals wound up ahead of court order

STM Engineering struck off but faces liquidation

Symon Peters company Bullseye wound up

Separate receivers at Iguacu companies

World business: NY investigators attack securities research corruption

World property: GPT wins approval for $A195m Melbourne Central revamp
US reit buys mall at 11.1% on 100% debt

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Snapshot of the Week, to 20 July 2003

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

Canterbury: Expats boost Terrace Downs sales

Rolleston surge

Aucklanders boost Canterbury

Owner-occupier market strengthens

Listeds: Urbus share price climbs in approach to listing

Urbus heads discuss the future

Tax timing cuts PFI profit

Local business: Councillors want rule change after dissenters’ victory

Local property: Capital Properties has 9.5% shortfall on rights issue

Humphries suggests campaign to arrest
decline in valuer numbers

New property degree for professionals

Listings shortage increases price pressure, rents up slightly

Colonial gets $265/m² gross in Unisys House

Colonial buys near South City

Newmarket: Paramount buys next Domain Centre building

North Shore snapshot: Council looks at creating Okura reserve strips

propbd Diary – General: Landscape conference

Statistics: Hotel occupancy slips

Trends: Changing business models can boost NZ, transform property sector

U: Gamby to be adjunct professor at Albany campus

Barry Potter to head City Design

Key Selections faces liquidation

Halls’ Transwell folds

McMillans close Sandringham Properties & Rockfield Motors

McDonald’s franchiseholder Stonelake restructures

Masseys fold Mascott Farms

Burgess folds Shenandoah Finance

Cooper & Koning form Balmoral Group & Eden Hall Options, close Habilis Properties

Mackenzie closes 1 Progressive Drywall, opens another

IRD pursues 7 Krukziener companies, accepts Union House proposal

Tickled Pink Design folds

Adjournment for Moyes & Groves NZ

Compromise halts Strathmore liquidation call

Jackson’s Lifestyle Investments & Exclusive Developments wound up

Ace Marketing wound up

Winstone gets Pokeno protesters’ society wound up

Another adjournment for Covich Contractors

Massam & Sax’s Foundation Films wound up

Smythe Grant wound up

United Realty decision deferred

Westnorth liquidation goes to hearing

Secret Garden 2002 NZ wound up

Hamill Refrigeration settles with IRD

Global Internet settles with IRD

Affordable Commercial Rentals settles with IRD

Tamarind Engineering settles with IRD

McKay Security settles with IRD

Ntreh’s Business Systems wound up, receivers at Business Systems Leasing

Queen St Photo & Video case adjourned

Ward’s Sunrise Properties & Matipo Investments wound up

Clark’s Zelante folds ahead of court hearing

Adamson Enterprises folds ahead of court hearing

Taylor Roofing (Northland) folds ahead of court hearing

Old Econo-Built company folds

Infinity Concierge faces liquidation

Receiver at Le Noel’s Reed Recruitment NZ (now RRNZ)

NZ Construction Services folds

Bayfair Medical Centre folds

Compass Land Holdings folds

GS Design folds

World property: Westfield uses medium-term notes to refinance takeover

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Snapshot of the Week, to 31 December 2000

Latest:

World property: US retailers close, Sunrise sells old folks communities, Ken of Tokyo buys Embassy of Tahoe, Duke-weeks and JP Morgan j/v, reits can trim dividends, new Hyatt HQ in Chicago, Mitsui and Kumagai Gumi seek debt waivers, black TV businessman buys Hilton suites, mobile phone towers sale, there’s better than Ohio, US building inflation up 4.67% for year, phone & wire sites sale, fund bulks up but cost unknown, small US affordable housing boost, US property website sold, Equity Office sells one, 35-37% return target for Miami developer, Sainsbury sells Homebase, Delancey cashes up.

World business: US economic shifts, mutual funds slowdown, P&O sells half ABC, Opec balancing act, motorway troughs don’t rate.

World property

Chicago-based department store chain Montgomery Ward closed the doors of its 250 stores in 31 states yesterday and filed for bankruptcy after 128 years in business. Weak holiday sales were the final straw for the chain, now owned by General Electric’s GE Capital. Two days earlier, Massachusetts-based discount store Bradlee’s filed for chapter 11 bankruptcy protection. It had 105 stores in seven north-eastern states and turnover of $US1.5 billion last year. Same-stores sales fell 4.4% in the year to November.

Sunrise Assisted Living Inc, of Virginia, has signed to sell nine communities containing 666 units for $US131 million to a limited partnership formed by Prudential Real Estate Investments (for Prudential, five pension funds, and Sunrise with 25% ownership and a long-term management contact). It has sold another two communities containing 133 units to Aureus Group LLC for $US28.1 million, also with a long-term management contract. Sunrise opened 27 communities this year, sold 22 for a total $US314 million, and plans to continue selling 15-20 a year. It operates 163 communities in the US and UK for 12,800 residents. Sales details show the Auereus sale averaged $US211,000/unit and $US176,000/resident, the Prudential sales $US197,000 and $US164,000, and the average overall was $US199,000/unit and $US166,000/resident. The details also showed debt on the Prudential properties was $US12 million above book value, but with a sale $US45 million above book value.

Ken Corp of Tokyo has bought the 400-suite Embassy Suites Lake Tahoe resort for an undisclosed sum, but will make the operation debt-free. The resort, managed by Hilton Hotels, opened in 1991. The previous owners filed for chapter 11 bankruptcy in 1998.

Duke-Weeks Realty Corp and JP Morgan Investment Management Inc have put together an industrial property joint venture in the Dallas area containing 430,000m² in 29 buildings, five of them under development, and 67ha for future development of another 280,000m². The two partners entered a similar joint venture in 1995, and expanded it in October from a $US248 million venture to $US790 million.

The Reit Modernisation Act comes into force in the US on New Year’s Day, cutting from 95% to 90% the minimum distribution requirement of a real estate investment trust’s taxable income.

Hotel group Hyatt Corporation is to get a 60-storey, 111,500m², $US350 million (total project cost) new headquarters at Wacker Drive and Monroe St, on the south branch of the Chicago River. It will be British architect Lord Norman Foster’s first Chicago work. Construction should start at the end of 2001 and finish mid-2004. Hyatt and affiliates will provide 80% of the required equity and take up to one-third of the tower. The Hyatt-controlling Pritzker family’s Pritzker Realty Group LLC has formed a joint venture with Prime Group Realty Trust, which will provide 20% of the equity, to develop the 5660m² site on a street which already boasts some of the world’s most impressive examples of modern skyscraper architecture.

Mitsui Construction Co has decided to seek forgiveness of ¥163 billion ($NZ3.2 billion) of debt from 12 lenders. Its negative net worth totals ¥88.3 billion.

Another Japanese contractor, Kumagai Gumi, is still working towards agreement with its banks on a ¥450 billion ($NZ8.9 billion) request for a waiver. Its share price lifted 20% on the prospect of a decision from the banks, and the shares of its biggest creditor, Sumitomo Bank, rose slightly on that prospect. Sumitomo is owed ¥234 billion and Shinsei Bank ¥100 billion.

Black Entertainment Television founder, chairman, chief executive and majority shareholder Robert L Johnson has celebrated BET Holdings II Inc’s sale to media giant Viacom at the beginning of November in a scrip deal for $US3 billion, with assumption of $US570 million of debt, by buying seven Homewood Suites by Hilton properties for comparative petty cash — 989 rooms for $US95 million (at $NZ217,000/room). Mr Johnson is a director of Hilton Hotels Corp, which will retain long-term franchise and management contracts for all these extended-stay properties. The sale was to a newly formed entity, RLJ Development LLC.

Those mobile phone towers, that so concern environmentalists and people worried about radio-wave impacts, are worth a lot more than the heated air of a planning argument. Crown Castle Australia has just agreed to buy 669 of them from Vodafone Australia for $US130 million ($NZ440,000 each), with an option on another 600 over the next six years. The buyer is two-thirds owned by Crown Castle International Corp of Houston and one-third by Jump Capital, a New Zealand investment group headed by Fay Richwhite.

Associated Estates Realty Corp of Cleveland, Ohio, has continued its expansion out of the US Mid-west by selling two Ohio multi-family communities and buying a block of land on Florida’s Intracoastal Highway at Boynton Beach where it will build apartments, a marina, parking and a small commercial component. The trust still owns 32,000 residential units in 135 properties.

The Turner Corp building index, run by the biggest building company in the US, will show a 1% fourth-quarter rise to 605 points after three 1.2% quarterly rises, putting US building inflation up 4.67% in 2000. Turner increased its construction turnover from $US4.8 billion in 1999 to $US5.7 billion. Turner was bought last year by Germany’s biggest builder, Hochtief AG (which is also the major shareholder in Leighton Holdings of Australia). Ultimate controlling shareholder is the Rhine Westphalia Electricity Co, RWE.

US RealTel Inc has sold its 8870 North American sites to SpectraSite Holdings Inc of Cary, North Carolina, which now owns more than 30,000 communications sites, including 9000 mobile communication towers. SpectraSite provides shared antennae sites and outsourced network services, including owning rooftops.

KWI Property Fund I has done some more shopping to bulk itself up, without disclosing the details like price and return. Latest buys are two fully leased lowrise campus-style office properties in Austin, Texas, containing 11,200m². I questioned the reit’s failure to disclose basic details a fortnight ago, without response. But the market has giving parent company Kennedy-Wilson International a hiding — its share price yesterday of $US4.12½ compares to $US7.62½ a year ago and a year’s high of $US11.25. Total liabilities are 65% of total assets, the debt-equity ratio is 35%, and $US23 million of goodwill is the kind of intangible an outfit on the down doesn’t need.

One of President Clinton’s outgoing bill signings was the first increase in 14 years for the low-income housing tax credit programme allocation formula, which gives investors 10 years of federal tax credits. Under this formula, Lend Lease Real Estate Investments Inc, part of the Sydney-based Lend Lease Group, has structured $US2.8 billion of investments in 900 US properties. Lend Lease says the formula increase should allow an extra 30,000 units a year to be built, but the head of its housing & community investing group, Jenny Netzer, said government figures showed five million US households had worst-case housing needs.

RealEstate.com has been sold for an undisclosed price to Atlanta investment bank JP Carey, which manages assets and investments in small to mid-cap companies for institutions and welathy individuals. The website offers listings, valuation and credit research services. All the key executives have resigned.

Equity Office Properties Trust has sold the 86%-leased, 21,069m² 500 Marquette in downtown Albuquerque, New Mexico, for $US21.7 million (at $NZ2328/m²).

National Residential Properties Inc, of Miami, continues full speed ahead on a development programme which it says should generate net returns around 35-37.5%. Its projects for the next two years include apartment blocks, a subdivision, condominium and a gated community, all around 60-70 units and in the $US7-10 million range.

Britain’s second-largest supermarket chain, J Sainsbury, has concluded the long negotiations to sell the nation’s third-largest DIY chain, Homebase, to Schroder Ventures for £416 million in cash and a deferred £75million. Sainsbury has a leaseback agreement on its £259 million of freehold properties, but has them earmarked for sale too. Another 28 development sites have been sold for £219 million to Kingfisher, owner of the B&Q DIY chain. Those deals are worth a total £969 million ($NZ3.25 billion), though completion of some may be drawn out.

British property group Delancey Estates, just under 50% owned by George Soros, will sell its four provincial shopping centres for £121 million ($NZ406 million), the Milner Estates business for £25 million to a 25%-management owned joint venture, and focus investment on central London’s office and retail sectors. Delancey raised pretax profit for the September half-year by 58% to £3.9 million and earnings a share by 35% to 1.4p, but its shares are sitting on a 29% discount to the 139.5p net asset value, at 99p.World business

Revised data shows the New York-based Conference Board’s composite index of leading economic indicators rose 0.1% in September then fell 0.3% in October and 0.2% in November. The index is watched a key signal of where the overall US economy is headed over the next six month. It peaked in January, fell eight months this year and is now 0.4% lower than a year ago, after gaining 1.5-2% in each of the three previous years. The index of coincident indicators, a measure of current activity, fell 0.1% in October and rose the same in November. The index of lagging indicators rose 0.3% in October and fell the same in November.

US mutual funds reported a 54% fall in new money in November, the biggest fall in two years reflecting the decline of share prices.

P&O has sold half of Associated Bulk Carriers to the Ofer family’s Eurotower Holdings, part of the Monaco Shipping and Air Co, for a net £68 million ($NZ230 million) cash after failing to secure a float in Norway early this year. The group’s cruise business was floated in October as P&O Princess Cruises and the group is negotiating to sell its stake in P&O Nedlloyd to its Dutch partner, Royal Nedlloyd, leaving it with ports, ferries and logistics, and it wants to sell most of that.

Opec may cut oil production to keep its export price above $US22/bbl.

Britain’s Office of Fair Trading has found motorway service stations don’t offer value for money, opening them to competition from nearby supermarkets, some of which also sell petrol. The motorways have strict advertising rules and are dominated by Granada, Road Chef and Welcome Break, but supermarket chain Asda recently used a brown tourism road sign to promote a Manchester store, on the basis that it has enough visitors to be considered a tourist site.

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Snapshot of the Week, to 6 October 2002

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

Auckland City consent activity: Hearing for tight Mt Albert housing proposal

Independent commissioner for 3 Royal Oak height:boundary infringements

University decided where it wants creches

Harbour City on Fort St gets consent

Conrad gets consent for Nelson St apartments

Committee requires hearing on proposed St Heliers squeeze

Ellerslie PO restaurant upgrade

Pet grooming salon for Onehunga Mall

Onetangi to get storage units

Private plan change on Bassett Rd allowed

External links: Reserve Bank annual report

Taranaki Trends

September 2002 issue of the Reserve Bank of NZ Bulletin

Fort St: Update: Harbour City on Fort St gets consent

Listeds – Australia: Commonwealth/Gandel bid for Colonial trust wins overwhelming approval

Local business: Ports of Auckland secures main hub role

Reserve Bank holds interest rate

McFadgen to retire from Fletcher Forests in April

Local property: Katoomba project starts

Reserved decision on last Sylvia Park appeal

Government steps on leaky buildings

Kiwi Income starts works at Northlands

Government to take over Auckland City housing

Mayor urges people to make submissions on leaky buildings

propbd Diary – Listeds: Calan annual meeting

St Heliers: Committee requires hearing on proposed St Heliers squeeze

U: 4 Castlerock liquidations

Tses wind up 3 companies

Harmos to strike off Matarangi company

Second Harden company faces IRD claim

Second application to wind up Quest Communications

ITL Projects faces liquidation

105-year-old Campbell & Ehrenfried slips away

Gemtech application adjourned

Legend Balustrades wound up

Habitat Developments wound up

Panorama Outdoor advertising settles

Chubb abandons Alarm Wholesalers claim

RA Electrical settles

Jackson’s Langana Construction settles 1 but has 7 more creditors waiting

Finance Provision Associates wound up

Mainstream Construction wound up

Concept Holdings gets adjournment

Meadowcourt First National wound up

Cargo Systems International wound up

Hockey-Wiseline dispute adjourned

Maaz Enterprises wound up

J&T Contractors gets adjournment

BGJJLM (ex-Status Produce) in liquidation

North Harbour Pump Services in liquidation

Herbert’s Cobb & Co Eastridge company folds

Western cbd fringe: Conrad gets consent for Nelson St apartments

World property: Fielding entices Perpetual into active-management joint venture

Westfield America does deals with Prudential on 2 malls

Developers Diversified to take over JDN

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Snapshot of the Week, to 10 June 2001

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

Builders: Securities Commission rules out statutory manager for Hartner

Environment: Hobbs sets strategic environmental direction shift

Listeds: F&P operations perform well and outlook to separation strong

Local business: Forex eats F&P profit

Brandes lifts Telecom stake

Christchurch gondola sold

Manufacturers switch from exporting

Britomart bus stops go walkabout

Student loan figures

Tasman Agriculture deal goes through

Manukau City: Back to the start for handover of Pakuranga Plaza road & parking to Westfield

Manukau consent activity, 5 June 2001

Manukau consent activity, 1 May 2001

World business: US productivity falls

Government bond mountain next Japanese target

S&P says $NZ972m to fix Chinese banks

Semiconductor prices stabilise

Techie guru warns on knowledge economy stampede

India sets up incubator for home IT consumption

World property: New cbd plot for Beijing?

Marina Square revamp

US completions slip

Singapore retailer doing Orchard Rd deals

Hard landing for Zhuhai

Silk Road becomes investment focus

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Snapshot of the Week, to 19 January 2003

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

External links: Le Monde Diplomatique

Forest City Enterprises Inc

Listeds: PFI buys Seaview development site for $2 million

Fletcher sells cutting rights on 8.2% of forest at 8.25% discount rate

Local business:

Inflation at 2.7%

Mayors whinge about transport funding

Council details investments from airport stake

17.6% trade deficit in November

Local property: ARC offers riparian management workshops

Propbd diary – region: Riparian management workshops

Propbd diary – Rodney: Omaha management plan

U: LaHatte heads for Taiwan rail project

Dunlop to join Environment Court as commissioner

Multiworks Contruction faces liquidation

BST closes ahead of court hearing

IRD applies to wind up PJ Arnet

IRD applies to wind up BST Holdings

Receivers at Clayton Cross’ Simply the Best

Cabra Manufacturing faces liquidation

Mountain View liquidator calls meeting

Move to wind up Formwork Hire

Receivership merry-go-round at Ede companies

World business French views on US moves

World property: Apartment community owner BRE says rents down & to expect worse

Westfield joins Simon in new Taubman bid

Lend Lease takes 5.7% of AMP Shopping Centres

Lend Lease buys Californian community for Prime fund

Canadian pension fund buys shopping centres

Taubman deal a new obstacle to Simon takeover

Calpers bids for Chelsea football club owner

Sainsbury & Wal-mart prepare Safeway bids

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Snapshot of the Week, to 28 September 2003

Snapshot of the Week lists the headlines from all stories published on The Bob Dey Property Report as they appear during the week. The Snapshot is broken into categories for easier tracking, with links to the story page for each item.

There are some quirks to the system: A brief item on a listed company may appear in Snapshot on Local Business rather than under that company’s name in the Organisation/Listeds section, for instance.

In all categories, the latest news appears at the top of the list.

This week:

External links: PropertyInvesting.com

Alberta Real Estate Investment Network

Wealth Tips Online

Heritage Property Investment Trust

Regency Centres Corp

Macquarie CountryWide Trust

Macquarie Goodman Industrial Trust

Macquarie Goodman Management Ltd

Macquarie Leisure Trust

Macquarie ProLogis Trust

Macquarie Direct Property

US Census Bureau

US Bureau of Labour Statistics

Promina Group (ex-Royal & SunAlliance)

Vero Insurance NZ Ltd

Asteron Life Ltd

NZ Guardian Trust

Deposit Power

Visionz

Listeds: PFI signs new deals with existing tenants

Reserved decision on Trans Tasman payout case strikeout call (detailed version)

Reserved decision on Trans Tasman payout case strikeout call

Local business: August trade deficit $274 million

August adjusted current account deficit $557 million

Kiwi Forests submits new all-cash Fletcher bid

Local property: Urbus raises $15 million in placement

Promina launches Deposit Power

Kiwi Income has Northlands stage 2 fully leased

Trans Tasman lifts AGP stake

U: Mairangi Bay Beach Plaza faces liquidation

Ace Security faces liquidation

Lincoln Hire Service faces liquidation

New move to liquidate Dimension Group

Botany Building Supplies wound up

World of Interiors folds

Creditors meeting for TE Construction & Properties

Stoneview Holdings folds

Gearson Products wound up

Dallan Enterprises No 50 wound up

SalusHealth wound up

Nikau Developments folds

Arthur Waters Motor Court wound up

Viaduct Harbour: Sanford unveils $15 million Auckland Fish Market

World business US chops visas

World property: Houses outside London get best UK returns

Debt-laden Malaya United puts more hotels on market

Mall redeveloper goes shopping in Texas

Macquarie CountryWide & Regency expand venture

Macquarie ProLogis expands

Macquarie Goodman Management covers AMP Industrial facility

Canary Wharf sale close

Fiserv buys GAC

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