Archive | Archive – Week

Snapshot of the Week, to 24 December 2000

Latest:

Retail rent comparisons
Liquidations & debt compromises: Jaffe company wound up, Bryers debt scheme deferred, Tauran wound up, Equinox scheme rejected
Building awards
Planning: Auckland planning hearings, “Sludgegate” out for decision, casino on again, commissioners think about aeropark
Listeds: Richina Pacific “don’t know why”, Kiwi Income bids for KDT, Eldercare loss $6.7m, Deane leaves Ariadne, Savoy thins down, $60m DB project, new Metlifecare ceo, F&P to split
World property: Houston deal, poor US hotel performer, Biltmore sold, Californian developer struggles, Toronto bank sells stakes, Australand readies for land buys, CK Tang makes loss, Rockefeller Centre sold, UK builder buyout, General buys industrials, master-planned LA development, French cinema operators merge, UK housing merger, HK land sale
World business: Korean bank merger on, Daewoo split, CGNU sells in Canada, Halim secures position at expense of Renong minorities, Chinese timber market lifts, Buffett buys industrial businesses, pressure on Wallenbergs, GM layoffs.

Retail rents, internationally and locally

Bayleys Research lists the most expensive retail street in 15 countries in its Christmas newsletter, courtesy of its new international partner Cushman & Wakefield, then drops way down to New Zealand’s most expensive, which it says would slot in about 40th on an international scale. Top internationally was East 57th St in New York at $US7535 annual rent/m², followed by the Champs Elysées in Paris at $US6026/m². Pitt St Mall in Sydney rose from sixth to third at $US4803/m², Oxford St in London was fourth at $US4263/m², Hong Kong’s Causeway Bay fifth at $US4060/m². Tokyo’s Ginza was sixth at $US2743/m², Singapore’s Orchard Rd 13th at $US1779/m². Bayleys put the top NZ rent at around $NZ1500($US630)/m² in Newmarket, followed by Auckland’s Queen St and Wellington’s Lambton Quay in a range of $NZ1200-1500($US504-630)/m².Liquidations, compromise schemes

Eric Isadore Jaffe’s Australian company, Industrial Banking Corporation Ltd, has been placed in liquidation on the application of the Australian Securities & Investments Commission — unexpectedly, because the commission had the application down for a hearing in February. The New Zealand assets are already in liquidation, with the $338,000 proceeds held in court. Mr Jaffe, 79, and his wife are the occupants of one, and Jaffe companies the former owners of four units in a block of five Ring Terrace townhouses overlooking Westhaven. Mr Jaffe also faces bankruptcy on the application of the Bank of New Zealand.

Creditors called to a debt-compromise proposal by apartment developer Mark Bryers decided today to defer any action because of the timing of the meeting. Another meeting will be called on 9 February 2001. The scheme proposes payments totalling about $130,000 for debts totalling $44 million, including significant amounts which may be contested.

Tauran Construction Co Ltd (Chris Smith & Garry Coleman) was placed in liquidation last Friday owing about $2.1 million, with debtors of $800,000 and retentions of $500,000. The company was hit by the collapse of Graeme Raymond’s First Investments two years ago, and again by Mark Bryers’ development group’s collapse. Liquidators are Vivian Fatupaito and David Davidson at PricewaterhouseCoopers.

Equinox Construction (now called GFF Ltd) is also in the hands of the PricewaterhouseCoopers liquidation team after creditors rejected a compromise scheme put to them last week. It has debt of about $2 million. The company was to have built the No 1 Hobson apartment block and had also done the first stage of Redwood Group’s Eden Village.Building awards

The Property Council issued its notice this week seeking nominations for the 2001 building awards. Nominations close on 31 January and the awards will be presented on 27 April.Planning hearings

Auckland City Council’s planning fixtures sub-committee appointed commissioners today to hear resource consent applications for a 12-storey apartment building at 508-510 Queen St (Golden Mile Holdings Ltd), a 16-storey apartment building at 74-76 Wakefield St (Tony Tay & Associates) and to change a heritage floorspace bonus on the AMP waterfront tower into a work-of-art bonus. The waterfront protection society, which took the council to court over granting non-notified consent for the whole project but later withdrew, has been named by committee chairman Cllr Juliet Yates as a party requiring notification of the hearing. A more detailed report on the committee’s decisions will appear later on Thursday.High Court

Resort developer Adrian Chisholm’s “Sludgegate” case against Auckland City Council in the High Court drew to a close today. Justice Chambers is expected to bring down a decision on Mr Chisholm’s allegations of malicious misfeasance by council staff and community board members in February or March.Casino development

The Riverside casino in Hamilton is on again, after the casino developers’ appeal (against the High Court decision to set aside the casino licence) was upheld. Sky City, which holds 55% of the $65 million project, said the development company, Riverside Casino, would resume work on the project as soon as possible next year.Aeropark deliberations

Auckland Regional and Rodney District commissioners hearing the Dairy Flat aeropark applications (earthworks and lime excavation for the ARC, development of a rural-residential subdivision around the aerodrome for the district council) will get back to their deliberations on 17 January 2001. Hopper Investments Ltd (now Pauanui Developments Ltd) wants to create 77 residential lots with runway access.Listeds

Richina Pacific Ltd has sent back a “don’t know why” to the stock exchange’s market surveillance panel on the share price plummet — from 40c to 30c in the first four days of the week, back up to 36c by the close on Friday. The company said its position was consistent with the statements in the half-year report issued in September.

Kiwi Income Property Trust has given notice of a takeover bid for Kiwi Development Trust, owner of the Royal SunAlliance Centre on Shortland St. Last valuation of the tower was $205 million. The offer values it at around $190 million. PricewaterhouseCoopers has to produce the independent appraisal report for KDT by 25 January, and the offer will formally be made after that. The building is now about 90% leased. Kiwi Income owns 39.2% of the development trust.

Eldercare NZ Ltd has reported a $6.7 million loss ($2.2 million profit) for the half-year to November, as foreshadowed at the annual meeting last month.

Ariadne Australia Ltd’s chief executive, Peter Deane, resigned as of Thursday. The Brisbane-based company, now firmly in the development business, will be headed by Kevin Seymour as executive chairman. Mr Deane was previously general manager of Mainzeal Construction in Auckland.

Savoy Equities Ltd, the company formed by now-bankrupt entrepreneur Jihong Lu, has an indirect interest in the Hyatt Residences apartment project and the hope of a windfall win in court against the Auckland City Council over the ending of their Britomart development agreement as its not-all-tangible assets after selling two technology subsidiaries, wireless network provider Safetynet/Ipfinity and mobile application service provider E-Zebra. It’s also selling Shanghai software company JetTronic.

DB Group is to start construction immediately on the last stage of its Waitemata brewery redevelopment in Bairds Rd, Otahuhu. The $60 million job is scheduled for completion by the end of 2002. It will include a packaging hall, new office building and realignment of Bairds Rd. DB began its redevelopment in 1992.

Metlifecare Ltd’s new chief executive is Gavin Aleksich, a corporate advisor who was seconded from Ferrier Hodgson a year ago to lead a strategic review.

Fisher & Paykel has decided to split in two, after a prolonged self-examination, plenty of external advice and with the fruition likely at the end of 2001 or early in 2002. F&P Healthcare will seek listing in New Zealand, on Nasdaq and in Australia, 20% of its shares will be offered in the US and the F&P industrial company (another of those Newcos) will hold 20%. F&P Appliances and Finance will fall into the Newco company, to list in New Zealand and Australia. The US listing should give shareholders a cash payment as well as their interests in the two companies. All well and good until you get to this silly statement: “As a consequence of this proposal, we are subject to the Securities Laws of the US and NZ. These laws limit what we can discuss with our shareholders until we have completed the separation.” This is the same as the nonsensical New Zealand securities law which prevents “advertising” (which some claim to include news stories) pre-prospectus, effectively ensuring insider trading lives, and lives well.World property

Wells real estate investment trust of Atlanta has paid $US45 million to add a fully leased, 29,000m² A grade property in the Enclave business park just south of Houston, Texas, to its $US600 million portfolio, at a 10.48% cap rate. The six-storey building sits on 5.8ha, which includes a four-storey 1465-space parking garage and 2ha available to build another 19,000m² of offices.

Another poor US performer: InnSuites Hospitality Trust, owner of 11 modest suites hotels in Arizona, southern California and New Mexico, went from a $US8000 profit in the nine months to October 1999 to a $US506,000 loss for that period this year. A $US682,000 charge for uncollectible rent from the lessee (the operator is separate from the trust) took the latest quarter to a $US514,000 loss. As well, the trust’s unnamed primary bank has decided to stop funding hospitality operations in Arizona, forcing it to a find a new credit facility for three hotels from next April.

The renowned 730-room Arizona Biltmore hotel in Phoenix has been bought by KSL Recreation Corp from Boca Resorts of Florida, which held it for two years. Built in 1929, it was owned for the next 44 years by the family of chewing gum magnate William Wrigley Jr.

Newhall Land & Farming Co, a developer based in Valencia, California, has sold 924 apartments in four blocks to an unnamed investment trust for $US79 million, plus the assumption of $US50 million of debt, so it can pursue its share buyback programme. The company claims its stock is undervalued. Its third-quarter revenue fell 36% to $US46.5 million and it made a $US612,000 loss, down from a $US11.9 million profit.

Toronto-Dominion Bank will stakes in several landmark Canadian properties to Cadillac Fairview for $C1.28 billion ($NZ1.92 billion), which will become sole owner of the portfolio, in which both were involved in developing. The properties include the Pacific Centre in Vancouver, the Toronto Eaton centre and the Toronto-Dominion Centre.

Australand shareholders have approved the issue of $A100 million in preference shares to take advantage of opportunities expected in the first half of 2001 to restock landbanks for the group’s industrial, commercial and apartment divisions.

Singapore retailer CK Tang reported a $S2.92 million ($NZ3.84 million) net loss (compared to a $S1.42 million loss in the previous September half-year) on a 17% sales jump to $S102 million. Local sales rose 18%, but Malaysian trade was unprofitable, blamed on a big increase in Klang Valley capacity. Net tangible assets rose from S85c to $S1.07.

A $US1.85 billion ($NZ4.2 billion) deal signed this week will see the Rockefeller Centre in New York owned by local development company Tishman Speyer Properties and Chicago billionaire family the Crowns, who have bought the 50% interest of the Whitehall Fund, whose partners were David Rockefeller, Italy’s Agnelli family and the estate of Greek shipping magnate Stiavros Niarchos. Mitsubishi bought the centre for $US1.5 billion in the late 80s, and sold it for $US900 million in 1996 to a group headed by Speyer and Goldman Sachs. New retail tenancies and a real estate boom early this year prompted the latest sale decision.

London-based housebuilder Fairview Holdings will be bought out by management for £307 million ($NZ1 billion) at 180p/share, up 41% on the price just before the original bid eight months ago after spirited lobbying by independent directors. Poor sharemarket ratings have forced a re-examination of the whole UK building sector. This will be the third management buyout of the year. It’s been backed by development capital group 3i and a Bank of Scotland division, Uberior.

General Property Trust, of Australia, has bought two new fully leased industrial properties on Berry St, Granville, in Sydney, for $A26.8 million plus acquisition costs at a weighted initial yield of 9.5% (or 8.9% after acquisition costs).

Equity Office Properties Trust will provide $US21.5 million (with a one-year note returning $US26.5 million) for Los Angeles developer MaguirePartners to buy a 2.6ha site intended for the 40,000m² Water’s Edge office complex, with an option on taking 80-87.5% of the finished project. It’s in the 440ha master-planned Playa Vista development at Marina del Rey in west Los Angeles, which is being designed to take about 200,000m² of office space.

French movie companies Pathé and Gaumont will merge their cinema operations in to a 700-cinema operation in Europe.

Two British housing companies, high-density and mixed-use specialist Beazer and greenfields executive home builder Bryant, will merge to form Domus. The two companies have also concentrated in different parts of the country.

A 1.22ha seafront residential site in Hong Kong’s Sai Wan Ho has been bought for $HK2.43 billion ($NZ727 million), at just under $HK200,000/m² ($NZ60,000), by Henderson Land Development and its associate, Hong Kong & China Gas, in a 50:50 joint venture. They plan to spend $HK4.5 billion, including a 50-storey tower containing three sizes of flats. They’re expected to be priced above $HK6000/ft² ($NZ19,330/m²), compared to an acquisition and project cost of $HK3500/ft² ($NZ11,280/m²).World business

South Korea’s Kookmin Bank and Housing & Commercial Bank have agreed to merge into a $US127 billion entity despite strikes by the staffs of both banks.

Daewoo Corp’s creditors have agreed to split its trading & construction business in three — foreign trader Daewoo International, Daewoo Engineering & Construction, both to list in Korea on 13 February and each with about 67% debt, and a bad debts company.

Insurer CGNU (former in May by the merger of CGU, out of Commercial Union and General Accident, and Norwich Union) has agreed two Canadian sales: Commercial Union’s life business to Manulife Financial for $C138 million ($NZ207 million) and Norwich to American International Group (AIG) for $C159 million ($NZ238 million). CGNU’s remaining Canadian businesses, CGU Group Canada and Pilot Insurance, hold 12% of the property and casualty markets.

Renong Berhad chairman Halim Saad has increased his stake in the company from 16.5% to 69%, Renong has raised its stake in United Engineers (Malaysia) Berhad from 38% to 54%, after an assets-for-shares exchange, and the Renong share price has dropped 39% in the past month to 98.5 ringgit (NZ59c), making for an unhappy but powerless turnout of minority shareholders at Renong’s annual meeting this week. Mr Halim said he would buy out the minorities, but not until May 2002. Other companies run by associates of the Malaysian prime minister, Dr Mahathir Mohamad, which have propped up majority interests at the expense of minorities this year include Genting Bhd and Resorts World Bhd.

China’s timber market lifted in the last quarter with an upsurge in major construction and retrofitting of houses. Demand is for teak, cherry, oak, beech and walnut for decorative uses. Chinese log imports hit a record 10 million m³ in 1999, but large quantities were stockpiled.

Warren Buffett’s Berkshire Hathaway has bought its fourth industrial business since June, taking over building products groups Johns Mandiville for $US1.9 billion ($NZ4.3 billion) at $US13/share, compared to $US15.65/share in a failed leveraged buyout five months ago. Berkshire Hathaway, which missed the technology boom bus, has also bought brickmaker Justin Industries, carpetmaker Shaw Industries and paint group Benjamin Moore.

Swiss investor Martin Ebner has bought 5% of Investor, the investment vehicle of the Swedish Wallenberg family, for SF700 million ($NZ970 million) through BZ Group. The Investor group includes telecom company Ericsson and electrical engineering group ABB.

General Motors said last week it would lay off 10% of its North American and European workers, and phase out its Oldsmobile division next year.

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Snapshot of the Week, to 22 September 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 20 September: Hearing for Redwood’s shot tower project

Mobil’s St Heliers upgrade goes to hearing

Non-notified hearing for Harbour City on Fort St

Golden Mile to demolish First Imperial & build 312 units

Peters wants East on Quay landscape conditions changed

Newmarket language school gets Parnell Rd hostel

Rouse gets consent for Waiheke bar/restaurant

Korean grocery for Sandringham Rd

Bronze Goat to become Pog Mahones

Auckland City consent activity 13 September: Sculptures planned for Domain

Harbour Green on Union St grows to 132 units

Dromgool & Fraser get revised consent for next Maritime Square stage

Hotel/apartment conversion for old AGC House

Redwood gets consent for Scene apartments

Stanley St tavern gets consent

Consent for Savour & Devour on Richmond Rd

Construction & design: Buyers and councils (obliquely) cop some blame

Leaky-buildings report doesn’t point finger

Criminal court: Update: Crown granted leave to appeal over Reeves Moses securities law charges

External links: Luxury apartments on Princes Wharf

Reserve Bank new policy targets agreement

Building Industry Association weathertightness report

The Daily Deal

Regency Realty

Fort St: Non-notified hearing for Harbour City on Fort St

Grey Lynn: Consent for Savour & Devour on Richmond Rd

Listeds: Newmarket trust peters out with a loss

Vector to buy UnitedNetworks

Listeds – Australia: Update: Commonwealth/Gandel raise Colonial offer & set new meeting date

AMP Henderson prospectus aimed at debt restructure

Local business: Air NZ gets more from less

Parnell: Newmarket language school gets Parnell Rd hostel

Ponsonby: Bronze Goat to become Pog Mahones

Quay Park: Peters wants East on Quay landscape conditions changed

Redwood gets consent for Scene apartments

U: Auckland Cellular struck off & liquidated

S&R (ex-Genesis Manurewa) settles with CSR

Flash Cleaning Services wound up

Edserv gets adjournment

Karaka Cable folds ahead of court order

Manpower Contracting wound up

Liquidators for Fetherston’s Hasieman and BHL

Directorship switched as Krasniqi’s TGH trustee company folds

Viewfield gets adjournment

New RA Electrical formed as old one faces liquidation

Cargo Systems faces IRD claim

IRD pursues Meadowcourt First National

Quest Communications faces liquidation

Azam’s Maaz Enterprises faces liquidation

J&T Contractors faces liquidation

Stiassny in at ADP Industries

Everworth the latest Elkhishin company to feel creditor pressure

Pardington takes over at Hugh Wright

Merrill Lynch NZ closes

Pure Creative closes

Ballantyne Construction chases Bourke’s Heritage

Kitset Buildings wound up

Lakeland Wealth Creators folds after

Securities Commission ad ban

East Tamaki Carpet Centre folds

Alarm Wholesalers struck off as it faces liquidation

Lanne Golf International in voluntary liquidation

Acquisition Properties in voluntary liquidation

Viaduct Harbour: Dromgool & Fraser get revised consent for next Maritime Square stage

Victoria St: Hotel/apartment conversion for old AGC House

Western cbd fringe: Golden Mile to demolish First Imperial & build 312 units

Harbour Green on Union St grows to 132 units

World business: HK buy of American exchange mooted

World property: Macquarie CountryWide buys US shopping centres

RioCan & Kimco buy Canadian centres

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Snapshot of the Week, to 3 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’s list contains three sessions of the Auckland City Council’s planning fixtures sub-committee, resulting from a bottleneck here, not at the council.

This week:

Auckland City consent activity, 30 May: Commissioners for Mt Eden neighbourhood bar application

Onehunga fitness centre expansion proposed

Eight-storey St Georges Bay Rd parking building

St Matthews tallies up its heritage bonuses

Wyborn Jr’s Kingsland extension deferred

Two Onehunga Mall consents granted despite parking shortfalls

Atlas gets new Morrin Rd batching plant consent

Safety concern holds up Otahuhu educational trust

Conservation interface an added consideration for Ponsonby applicants

One Ponsonby Rd application deferred, two others granted (but Starbucks’ signs have to wait)

Auckland City consent activity, 23 May: Waiheke orchard planned

Hudsons plan Waiheke vineyard theatre/restaurant

Sri Lankan temple group for ex-factory unit

Mobile phone antenna up hotel lift shaft

Auckland City consent activity, 16 May: Commissioner to consider next Britomart demolition

Second commissioner to consider out-of-Britomart bus shelters and cab ranks

Melview’s Unilodge redesign gets consent

Prism’s Westhaven changes approved

Castlerock allowed to bond for developer levy

Budget details: Northland initiatives

Listeds: Campaigner Bruce Sheppard swats CDL Hotels

Sky casino expansion hearing

Listeds – Australia: Lend Lease warns of property writeoffs

Local business: Deka sale off

Fletcher can buy Carter doors business

Metlifecare cuts inventory and focuses on operations

PDL shifts commodity manufacturer offshore

July decision on rapid transit option

Paper on takeover scrip offers

Warning to forestry scheme promoters

Securities Commission looks at trustees’ role

Qantas moves on Air NZ

Public transport innovation tenders

Local property: Axa sells funds management to Deutsche

Sky City expansion hearing on

Southern takes 22.7% of Tasman Agriculture

2020 vision for North Shore

Handbook on sewage disposal options

Taradale starts Greenstone Terrace

North Shore City: Takapuna plan out for consultation

Rodney District: Rodney councillors take Weiti Crossing to next stage

New plan change 62 target is 30 June

Statistics: Homes up 5.8% for population up 3%

World business: Harvey Norman files Rebel bid

Another Hudson rejig

World property: Kai Tak exhibition centre to change

HK rejects residential on industrial fringe

Melbourne addition for Tourism asset Holdings

UK house inflation up

Living 60 storeys up

North Sydney bonanza for Macquarie trust

Melbourne buy

1000-room Four Seasons double on HK Island

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Snapshot of the Week, to 12 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: Xinhua Financial Network

AFX News
Agence France-Presse

Richmond American

New Plan Excel Realty Trust Inc

Malan Realty Investors

Prime Hospitality Corp

Grubb & Ellis Co

Knight Frank

ARLA (UK Association of Residential Letting Agents)

Buy To Let

NZ Wine

Infrastructure: 3km city rail tunnel proposed

Local business: ARC sets rating consultation schedule

Local property: Colonial collects another 7.45 of Kiwi Income

57% shortfall in Australasian Properties issue

Statistics: Consent level stays high in November

U: Howard Building Services in liquidation

Haycock quits Savoy, replacement Johnson holds 8.3% of stock

World business: Morrison of Bradford bids for UK’s Safeway

World property: US homebuilder MDC has boomer year

New Plan buys 7 Michigan centres

Malan continues to liquidate

Kensington buys in to liquidate

Prime launches new hotel brand

United Technologies hires Grubb/Knight Frank for international services

New UK rentals index slips in 2nd quarter

Cheap stocks give access to big US landholdings

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Snapshot of the Week, to 21 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:

Infrastructure: Manukau agrees to proceed to next stage on eastern corridor

Listeds: Urbus sells 3 Wellington properties

Fletcher signs proposal to sell 100,000ha of forests for $685 million

Local business: PFI introduces reinvestment discount

Local property Court approves Dominion merger

Statistics: Capital growth positive in all sectors

Migration inflow checked again

U:
2 Viking companies fold

Pacific South & Quay Investments No 2 fold

PJ Lobb & Associates folds

Industrial Properties wound up

Daya’s Salt Hospitality, Retail Developments & Boardwalk Café fold

Modern Age Institute folds

Greenslade closes Number One & Coatesville Enterprises

Krakatoa Investments folds

New liquidation move on TE Group

World property: Big UK parking deal

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Snapshot of the Week, to 3 March 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: Zone change for Orakei site

Retrospective consents sought for Nuffield St bulk retail

City plans 2 more floors for Downtown carpark

Team NZ prepares America’s Cup entertainment consents

Nandos Chicken for Remuera

Queen City developer revises Great North Rd project

Listeds: Was Trans Tasman’s loss $64.8 million? Yes

Trans Tasman Properties writes NZ portfolio down $61.7 million

Fletcher Forests loses $2 for every $1 of sales (and that’s better)

Sky City profit up 14% before Force writeoffs

Listeds – Australia: Australian Growth Properties profit up 29.5% to $A13.7 million

Local business: Securities Commission recommends investment adviser law changes

Local property: LINZ opens at Oracle Tower on Monday

Manukau consent activity February 2002: Appeals in court

Hearings timing schedule update

Subdivision and integrated land use consents

Land use consents

North Shore: Tranz Rail opens Smales Farm HQ

propbd Diary – General: Auckland Regional/City Councils

Conveyancers

Ministry for the Environnment

Property Council

propbd Diary – Listeds Offshore Australian Growth Properties Ltd annual meeting

propbd Diary – Manukau: Manukau City Council March meetings

propbd Diary – Auckland region: Auckland Regional Council March meetings

Auckland Regional Growth Forum March meeting

Infrastructure Auckland March meetings

Statistics: January building consents up 18.8%

U: 2 more Nigel Williams companies liquidated

Gynaecologists’ investment company faces liquidation

Aluminium Specialties wound up

Barsell faces liquidation

Chapel Rd Developments wound up

Agio case adjourned to May

Village Interiors settles

Real Estate Holdings wound up

Caymans-based Maori trusts take over company as IRD pursues debts

Hotspot Stoves (1997) wound up

Metal Roofing Services negotiating settlement

Cleary gets liquidation application adjourned

Formal scheme of arrangement for Construction Administration Services

Apartment owner fights company liquidation

Budget Self Storage wound up

P&S Co wound up

IRD seeks to wind up Herman company Poseidon (already struck off), DLS Labour Hire

Spencer Rd Developments faces new liquidation call

Lazarus joins other Maegaard companies in liquidation

Tebbs winds up Directional Enterprises

Benchmark seeks liquidation of Black Pearl Group

Southward seeks liquidation of Cosmos Traders

Waitakere City Council resource consent & planning activity: Council introduces 3 variations

World business: Business migrant scheme for HK

World property: Fielding creates industrial fund

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Snapshot of the Week, to 11 February 2001

Snapshot of the Week, to 11 February 2001

The previous version, in December, was getting out of hand so I’ve shortened the Snapshot of the Week to headlines. The fuller version of each article will appear in its own category.

Items are listed here in categories, with the latest news appearing first in each category.

This week:

Agencies: Ray White expands sales force and looks to maintain impetus in earnings

REAL a lesson in how not to frame your marketing, says Ray White chief

Councils: North Shore commissioners adjourn Jonmer Anzac-Fred Thomas application (story to be written Thursday)

Auckland City appoints commissioners for Dress Smart’s Onehunga stage 5 (to be written Thursday)

Manukau City resolves Howick reserve issue but not business 2 height conflict (to be written Thursday)

Rodney District commissioner initiates Kumeu Huapai central area plan consultation and considers small-area mainstreet (to be written Thursday)

Subdivision: Landco launches Whangaparaoa subdivision

External links update back: Equity Office result in morning

New links section: US, reits

Sydney conference

Conway Data-related links

Listeds: National Property Trust earnings up 5.7%

Warehouse sales up but same-store figures change little

PWC Tower now 54.5% leased

FAL reports Q2 sales up

Property Council: Scene-setter breakfast speaking quarter named

World property: Coles Myer sales rise 5.5%

Equity Office raises Q4 earnings 10.3% diluted, 11.3% for year

Retail trust IRT hangs in

Cousins surges

Cromwell buys in Brisbane

Lend Lease secures EY for Indianapolis tower

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Snapshot of the Week, to 2 September 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:

Apartments: Hudson starts Hyatt Residences with 18 units to sell

Auckland City consent activity: New K Rd & Pitt St toilets

Big wall for Greenlane Foodtown

Balfour Rd offices draw opposition

Sunset Home to expand

Amtrust prepares to sell Anzac Ave parking

Conrad gets St Georges Bay office consent

Boutique Kingsland tavern splits committee

Moule plans new use for St Heliers agency premises

Criminal court: Judge dismisses entire case against Reeves Moses directors

Spotlight goes on prosecutors’ competence in close of Reeves Moses trial

Judge finds no case to answer on securities regulations charges

Prosecutor loses another round in case against Reeves Moses directors

External links: Hyatt Residences

Listeds:

Savoy chairman outlines company’s parlous state

Calan profit up 7.7% to $8.65 million

AMP office trust profit up 181%

Listeds – Australia:

$1.1 billion deal for Westfield in US

Local property: Auckland City won’t endorse development levy change

Airport company profit up 15.8%

Trans Tasman to mop up small parcels

Bayleys sells three in Wellington

Hill-country stations in demand

Paterson buys Queenstown mall site

North Shore:

Points to defeat compulsory acquisition

Councils start designation process to acquire 44ha at Long Bay

propbd Diary: propbd Diary – Manukau City

U: Lu public examination deferred

Liquidations

Ports land

Environment Court

Environment Court

World business: US gdp adjusted down

World property: TAHL profit up 36%

Pearl delta IT park

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Snapshot of the Week, to 13 April 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:

Agency: 5 sales under hammer at Bayleys’ Total auction

Auckland City planning issues: Growth planning, greening the city & billboards get councillors’ attention

Councillors examine how to generate neighbourhood vitality

Bayswater: Council environmental specialist responds to Bayswater judgment article

External links: Stack

Privacy International

Privacy International stupid security awards

Listeds: Retraction & apology

Ryman gets consent for Remuera retirement village

Restaurant Brands increases margins though bottom line down

Pacific Steel does deal with workers to overcome power cost rise

Colonial sells 2 Auckland properties

Listeds – Australia: Anglovaal wants to buy rest of MacDow

Local business: Air NZ February passenger numbers up but load factor down

Australian regulator rejects Qantas-Air NZ alliance

North Shore: Major review of how Shore council manages stormwater

propbd Diary – Listeds: CDL Hotels, Investments & Kingsgate annual meetings

Statistics: February sales up 6.3%

U: Dempseys’ DMD gets adjournment

Northland Kitchens wound up

Coastal Landscaping heads for settlement

7 Gavin Harris companies wound up over tax

Tamarind Engineering to settle

Covich Contractors to settle

Star Tool & Mould to settle

McLellan’s Buildcorp & Rojo wound up

Plant & Machinery Sales settles

OK.B settles

Failed Metropolis investor Susila holds off liquidation

First Entertainment wound up

Sale saves Paritai Developments

Autocrat Building 1998 wound up

Elkhishin’s Pacific Ridge wound up

Global Internet holds IRD at bay

Affordable Commercial Rentals to settle

Northcross Dental Care heading for settlement

Granite Benchtop settles

Hawken’s Aunty Maria’s Day Care folds

Brockies to head Shore council administration

Shore council loses Giles & Lynette Hughes

Asic running Gold Coast forums

Tom Cowan Builders folds

Marcus Friedlander bankrupt

John Cull bankrupt

Bowkett closes 6 companies

Peacocke closes 2 companies

World property: Centro seeks ruling on AMP pre-emptive rights, and ASX seeks assurance from all property trusts

Macquarie Goodman gets Colonial industrial trust

ING adds to ParkWest industrial park in Melbourne

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Snapshot of the Week, to 14 December 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:

Auctions: Bayleys Total Property auction details

City development: New Auckland development levies scheduled for 2005

Infrastructure: On the road to a supercity

Christmas present: new tax

Leaky buildings: Doubt cast on Government leadership in future leaky buildings-type issues

Listeds: ING trust gets another 7 unconditional contracts

Local property: Council extends inner-city parking permits

Entrepreneurs Success Centre separates off Leverage business

North Shore strategic planning: Very democratic, but progress slow at Shore committee

Queen St: Golden HSBC building sold

Residential market: B&T says residential market eased in November

Syndications: Dominion Funds faces Takeovers Panel inquiry

U: Walker gets top role at Carson Group

2 more Stuart Jackson companies fold

Packard Holdings wound up

Mad Dogs & Englishmen (NZ) faces liquidation

Frykberg tries again to wind up Ballyhoo Else

Jolly Farmer faces liquidation

IRD moves on Group CDA

Drain Shift faces liquidation

Broadbeach Construction faces liquidation

Shack family company faces liquidation

Hinemoa Developments (ex-Walker Contracting NZ) folds

Apirana Appliances folds

Ray Knight’s Cotterill Construction faces liquidation

Reflex Images folds

Waterfront: Waterfront conference wins enthusiastic Auckland response

Whenuapai: Politicians in a tizz over Whenuapai

World property: Macquarie gives hedge rates against USD

Macquarie Office buys in Philadelphia submarket

Mirvac plans western Sydney industrial park

Stockland sells Rockhampton mall

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