Archive | propbd Diary

Propbd on Q Th9Oct14 – 2 apartments sell, 3 sales at Colliers auction, Kirkcaldie’s settles sale, Dorchester at 60%, PGC suspended

2 apartments sell at Ray White’s
2 warehouses & childcare centre sell
Harbour City Centre sale settled
Dorchester at 60% in Turners takeover
Pyne Gould suspended

2 apartments sell at Ray White’s

2 apartments were sold under the hammer and 2 passed in at Ray White City Apartments’ auction today. Auction results:

Eden Terrace, 12A Couldry St, sold for $550,000, sales agents Rita Herceg & Alex Allan
The Rodney, 109 Vincent St, unit 2A, sold for $175,000, Tim Warmington
Prince Albert, 41 Albert St, unit 4F, passed in at vendor bid of $750,000, Tanya Kwasza
96 on Symonds, 96 Symonds St, unit 707, passed in at $260,000, Rita Herceg & Alex Allan

2 warehouses & childcare centre sell

2 warehouses and a childcare centre were sold under the hammer at Colliers International’s auction today. Auction results:

Mt Wellington, 8-10 & 12 Hannigan Drive, sold for $3,752,500, sales agents Paul Higgins & Dwayne Warby
Te Atatu, 2 Waipani Rd, sold for $3.355 million, Peter Kermode & Shoneet Chand
Sandringham, 37 Leslie Avenue, sold for $2.14 million, Jonathan Lynch & Peter Kermode
Albany, 10 Canaveral Drive, unit 5A, passed in at $320,000, Janet Marshall & Nick Recordon
Albany, 10 Canaveral Drive, unit 5D, passed in at $250,000, Janet Marshall & Nick Recordon
Mt Wellington, 18 Hannigan Drive, withdrawn from auction, Andrew Hooper & Ash Vincent
Albany, 10 Canaveral Drive, unit 5C, withdrawn from auction, Janet Marshall & Nick Recordon
Silverdale, 23-25 Wainui Rd, auction postponed until Thursday 16 October, Euan Stratton & Deborah Dowlin
209 Federal St, auction postponed until Wednesday 12 November, Oscar Kuang

Harbour City Centre sale settled

Kirkcaldie & Stains Ltd settled the $45.85 million sale of the Harbour City Centre in Wellington to Harbour City Centre Ltd (Chao (Charlie) Zheng) on Tuesday.

Kirkcaldie’s chairman, Falcon Clouston, said the company also repaid its $23.5 million loan facility from Westpac NZ Ltd.

Dorchester at 60% in Turners takeover

Acceptances of Dorchester Pacific Ltd’s takeover of Turners NZ Ltd reached 60% yesterday.

Earlier story, 19 September 2014: Dorchester offers shareholders opportunity to maintain stakes post-takeover

Pyne Gould suspended

NZX Regulation suspended trading in Pyne Gould Corp Ltd shares this morning after the company had still not filed its annual report in the 5-day period of grace from the 30 September filing date.

The share price dropped from 46c on 15 September to 36c on 3 October, but was at 38c yesterday.

Pyne Gould managing director George Kerr said yesterday the final audited full-year accounts & annual report were still a week away. He said the company was sorry the trading halt might be imposed, but added that the week’s notice of that prospect hopefully meant shareholders wouldn’t be too inconvenienced.

“As we said last week, Pyne Gould has been unable to file its annual report & final audited full-year accounts due to a delay in the completion of the audit relating to one of the Torchlight Fund’s larger underlying property investments not being completed. Every effort is being made to prepare the accounts for their final release.”

Pyne Gould has also not confirmed a date yet for its intended shift to a listing on the London Stock Exchange.

Attribution: Auctions, company releases.

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propbd Diary 2003 – Agency


Tenders, expressions of interest:

St Clair Park Village, Te Atatu South, 166 McLeod Rd, mortgagee sale (St Clair Park Ltd, director John Ede – see U column references), 5.7ha, much of the infrastructure done, some homes completed, international tender closes 20 March; Roger Seavill, Colliers.


Tenders, expressions of interest:

Next to TelstraClear Pacific Events Centre, Wiri, Great South Rd, business 5-zoned 10.1ha sandwiched between Great South Rd & Southern Motorway, Manukau City Council divesting to fund events centre, tender closes Thursday 27 February; Chris Bayley & Marty Roestenburg, Bayleys East Tamaki.

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