New Zealand’s net inflow of migrants fell to 357 in May – 860 arrivals, 503 departures – because of border & travel restrictions related to Covid-19.
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Oyster closes Home Straight Park scheme
Oyster Property Group Ltd has closed its Home Straight Park proportionate ownership scheme fully subscribed.
Read more →Metlifecare board majority supports $6/share buyout
Metlifecare Ltd said on Friday it had entered into a new scheme implementation agreement for Swedish fund manager EQT to buy the NZX-listed retirement village owner & developer for $6/share – $1/share less than under their original agreement entered into on 29 December and withdrawn on 7 April.
Read more →Centuria makes full bid for Augusta
Sydney funds manager Centuria Group lifted its buy-up of Augusta Capital shares to a full takeover offer yesterday.
Read more →Summerset lowers guidance
Retirement village developer & operator Summerset Group Holdings Ltd forecast yesterday that its underlying profit for the 6 months ended 30 June would be down 6-15% compared to the June 2019 half-year, reflecting Covid-19’s impacts.
Read more →The shift from globalism – an explanation
Why has economic nationalism suddenly become a fashionable excuse for countries to decrease their reliance on the existing global supply chains?
Read more →PFI sells Hornby warehouse
Property for Industry Ltd has sold its 127 Waterloo Rd industrial property in Hornby, Christchurch.
Read more →Metlifecare gets new EQT buyout offer, calls off shareholder meeting
Metlifecare Ltd has called off its shareholder meeting set down for Friday, called in support of advancing litigation over the withdrawal of a takeover offer by Swedish fund manager EQT, after EQT subsidiary Asia Pacific Village Group Ltd posted a new offer on Sunday.
Read more →Centuria at 64.8% of Augusta
Sydney funds manager Centuria Group’s latest disclosure on its takeover of NZX-listed Augusta Capital Ltd, yesterday, shows a small increase in acceptances to 64.8%, including 23.3% it already holds.
Read more →Fletcher Building to retire chunk of US debt early
Fletcher Building Ltd has decided to repay $US300 million of US private placement notes early.
Read more →Centuria sends out Augusta takeover notice
Australian funds manager Centuria Capital Group sent out its (roughly) $1/share takeover notice to Augusta Capital Ltd shareholders yesterday.
Read more →Stride’s Industre joint venture starts operations
Stride Property Group’s Industre Property joint venture with a group of international institutional investors has begun operations today, starting with 13 properties in Auckland & Hamilton, including 2 under development.
Read more →Cromwell Property rejects Singaporean raider ARA & its rep Gary Weiss, and the fight ramps up
Singaporean investor ARA Asset Management Ltd launched an open attack last week on Brisbane-based fund manager Cromwell Property Group’s board with a partial share offer, which the Cromwell board promptly rejected as inadequate.
Read more →Francis unbent by Augusta’s loss, says fund manager ready to grasp new opportunities
Augusta Capital Ltd has gone from a $7 million profit in 2019 to a $27 million loss in the March 2020 year.
Read more →Stride looks for more opportunities as revaluations slash profit
Retail & industrial portfolio owner & manager Stride Property Group saw revaluations slash its 2020 profit by over $50 million, but the group has continued to pay dividends, forecasts similar returns to shareholders for 2021 and – the big change factor – has over $500 million of investment funding available.
Read more →Augusta result out Friday evening, independent advisor on takeover appointed
Augusta Capital Ltd has again revised the arrival of its annual result – timed now to happen after 5pm on Friday.
Read more →SkyCity opens retail part of capital-raising
SkyCity Entertainment Group Ltd opened its $50 million share purchase plan today, following completion of its $180 million institutional placement last Thursday.
Read more →Wine industry sees opportunity for fresh look at trade rules through UK free trade agreement
Amid the gloom of Covid-19-induced economic decline, confirmed today by a fall in gross domestic product, the wine industry is blooming positive.
Read more →Playing with statistics: Yes, the pandemic hurt business
Stats NZ said yesterday gross domestic product (gdp) fell 1.6% in the March quarter, the largest drop in 29 years, as the initial effects of Covid-19 restrictions impacted on economic activity and drought affected some areas.
Read more →Argosy sells Wellington industrial property
Argosy Property Ltd has unconditionally sold its property at 180-202 Hutt Rd, in Wellington’s Kaiwharawhara industrial district to a private domestic investor.
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