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 →Gainz
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 →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 →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 →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 →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 →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 →SkyCity parking sale unconditional
SkyCity Entertainment Group Ltd confirmed on Friday that its $220 million sale of a long-term concession over its Auckland carparks to Australian bank Macquarie Group Ltd’s Macquarie Principal Finance Group was unconditional and is expected to be completed next Monday, 19 August.
Read more →Propbd – world property M12Aug19 – Mirvac performance details
Australian developer Mirvac Group has made a profit of over $A1 billion for the fourth consecutive year.
Read more →Net migrant inflow now just under 50,000/year
Statistics NZ said on Friday its first estimate of the net migrant inflow for the 12 months to June is 49,400.
Read more →Derivatives cut Vital Healthcare profit
Vital Healthcare Property Trust said yesterday its net profit for the June year fell 6.6%.
Read more →PMG opens capital-raising for Seaview industrial park
PMG Property Funds Management Ltd’s unlisted Pacific Property Fund Ltd launched its 7th capital-raising this week, for $42 million to buy the 3ha Seaview industrial park in Wellington.
Read more →Cashrate cut by a third, gold & NZX indices up, $NZ down
The Reserve Bank cut its official cashrate (OCR) from 1.5% to 1% at 2pm yesterday. At that moment, the NZ gold spot price peaked with a mid-price of $NZ2340.79 for an ounce. The $NZ dropped about US1.5c against the $US but recovered about half a cent over the next few hours.
Read more →Australian central bank holds at 1%
The Reserve Bank of Australia left its cashrate unchanged at 1.00% yesterday.
Read more →Lower land sales slash CDL profit
CDL Investments NZ Ltd’s first-half profit slipped by $10 million – 40% – as it confirmed a softening in the residential development market.
Read more →Arvida settles Sanderson purchases after strong capital-raising support
Arvida Group Ltd confirmed on Wednesday that it’s settled its $180 million purchase of 3 retirement villages from interests controlled by longtime developer Fraser Sanderson.
Read more →Fed cuts funds rate, rolls over treasuries
The US Federal Reserve’s open market committee voted overnight to cut the federal funds rate range by a quarter percent, to 2-2¼%.
Read more →Commission takes supplier to court over CodeMark representations
The Commerce Commission has filed 8 representative charges against building product supplier Global Fibre8 Ltd & its sole director & shareholder, Tangi Tuake.
Read more →