The US Federal Reserve’s open market committee stuck with its 1½-1¾% target range for the federal funds rate today.
Read more →Gainz
PFI buys extended Wiri property
Property for Industry Ltd has bought the 3.5ha industrial property at 25 Langley Rd, Wiri, for a net $36 million.
Read more →PFI expects 9.6% year-end value lift
Property for Industry Ltd said today it expects year-end independent revaluations to lift the value of its portfolio by $126 million (9.6%) to $1.445 billion.
Read more →Australia holds cashrate
The Reserve Bank of Australia left its cashrate unchanged at 0.75% today.
Read more →Oyster opens Tauranga Crossing investment to wholesale investors
Oyster Property Ltd announced its intention on Friday to buy 60% of the Tauranga Crossing shopping centre outside Tauranga.
Read more →Asset Plus profit dives as it looks for new investments
Asset Plus Ltd’s profit for the September half-year was down 37% as the company lifted debt to buy 35 Graham St overlooking the Viaduct area from Auckland Council while it continued to conduct due diligence for further investments.
Read more →Corrected: Ryman lifts profit, buys 2 more sites, says second half will be even bigger
Ryman Healthcare Ltd has lifted its underlying half-year profit (excluding revaluations) by 6.2% to $103 million, and expects an even stronger second half as it increases its build programme.
Read more →Shareholder concerns raised at Fletcher Building annual meeting
From the contested election of a new director to a range of issues raised by the chair & chief executive but amplified by a few questioning shareholders, Fletcher Building Ltd’s annual meeting at Eden Park yesterday had more going for it than the dry speechnotes might indicate.
Read more →The Fletcher Building mood – outlook highly positive
The mood Fletcher Building Ltd tried to convey to its shareholders at their annual meeting yesterday was of a company enthusiastically looking forward, with a clear strategy in place.
Read more →Augusta profit slashed
Augusta Capital Ltd’s net profit for the September half-year was slashed by 68%, from $5.1 million to $1.63 million, as the company failed to complete a number of initiatives to continue its restructuring from investor in buildings to funds manager.
Read more →Hotelier goes conditional on Whangarei site
Millennium & Copthorne Hotels NZ Ltd has conditionally bought a site from the Whangarei District Council for a 4-star hotel of 70-80 rooms.
Read more →Metlifecare appoints offer advisor, sees share price rise 20% in 3 weeks
Metlifecare Ltd has appointed Jarden Ltd to advise it on its response to a recent unsolicited offer, and said it doesn’t expect to say anything more about the offer for the next fortnight.
Read more →SkyCity says insurers to cover convention centre fire costs
SkyCity Entertainment Group Ltd said today its insurers had confirmed that the company’s contract works insurance policy “will respond” in relation to damage to the NZ International Convention Centre & adjoining Horizon Hotel from the fire on 22 October.
Read more →Fletcher says insurers to cover convention centre fire costs
Fletcher Building Ltd said today its insurers had confirmed they’d cover costs arising from the SkyCity NZ International Convention Centre fire in downtown Auckland on 22 October.
Read more →Argosy lifts profit 15% as it continues to green its portfolio
Argosy Property Ltd lifted profit by 15% to $76.9 million in the September half-year and is determined to continue leading the charge to green its commercial property portfolio.
Read more →Which building is Precinct’s? – annual meeting update
“Which building do they own?” the quite new shareholder in Precinct Properties NZ Ltd asked me after the company’s annual meeting on the Auckland waterfront on Wednesday.
Read more →Propbd on Q Th21Nov19 – Port shift assessment, Ray White apartments auction results, Ryman Healthcare interim result
Ports of Auckland releases analysis of shift to Marden Point – 8 sell at apartments auction – Ryman profit up, buys 2 more sites
Read more →Metlifecare gets buyout offer, suspends share buyback
Metlifecare Ltd said today it had begun discussions on a possible buyout of the company by an unnamed party.
Read more →Investore raises capital to buy 3 more assets from Stride
Stride Property Ltd entered into a conditional agreement yesterday to sell 3 large format retail properties to Investore Property Ltd for $140.75 million.
Read more →Steel & Tube says tough trading conditions continue
Steel & Tube Holdings Ltd said on Monday it expects its first-half profit to fall “as adverse trading conditions are continuing”.
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