
Hotel firm plans $50m NZ investment
Choice Hotels, which operates in 40 New Zealand locations, is looking for seven to eight new properties worth $40 million to $50 million this year.
Choice Hotels, which operates in 40 New Zealand locations, is looking for seven to eight new properties worth $40 million to $50 million this year.
Fixed interest investors face a flurry of bond issuance over the next week or so as corporates look to lock in favourable funding rates.
The $1.6 billion landlord Precinct Properties expects to start redeveloping its Downtown Shopping Centre site in Auckland's CBD above the new Central Rail Link in two years.
A new book is out to help landlords, with a series of forms ranging from notices to increase rent to a dog clause document.
This five-bedroom bungalow has seen five generations through it, but you wouldn't know it.
On paper, it looks like Andy Davies owns half of Auckland. In real life, the $75 million-plus man wears holey jerseys and lives in a Freemans Bay 'do-up'.
The next big financial disaster to hit New Zealand investors could involve a collapse in house prices or the sharemarket, says departing investment watchdog boss Sean Hughes.
A financier has sold 65 Quay Park apartments and eight shops and offices on Maori land to a developer in a multimillion-dollar deal.
The last remnant of Graeme Hart's rural empire - a cattle and pig farm at Maramarua - is up for sale.
Much-publicised, long awaited changes to Auckland's canyon-like Federal St car rat run.
The board and investors in NZX-listed Goodman Property Trust struck an upbeat note at yesterday's annual meeting in Auckland.
My partner and I have been living in Australia since the start of the year because we can save more here than we could ever in New Zealand for a house.
Plans by the Labour Party to exclude foreign buyers from the housing market have sparked more calls for restrictions and warnings about the risk of damaging the country's relationships with its major trading partners.
It's risky policy for a liberal, left-of-centre party because it leaves them open to accusations of xenophobia, writes Liam Dann.
Jamie Peters salvaged property from his "crumbling" businesses, secured hundreds of thousands of dollars for his family and managed his bankruptcy on his own terms, the High Court has been told.
Jamie Peters was put up in a $1200&-a-week Remuera house by a company that almost a year earlier had cancelled the bankrupt property developer's employment agreement.
More than $300,000 from the sale of a $2 million luxury yacht ended up with a company directed by his father-in-law, a court heard yesterday.
A former rich-lister is back at the High Court today, fighting to be discharged from bankruptcy - one of 24 the Official Assignee has objected to releasing.
A Bankrupt Kiwi property developer is still living in a 660sq m Las Vegas home despite defaulting on its $2.8 million mortgage four years ago.
The housing crisis in areas like Auckland is not a by-product of migrants buying up residential properties, Immigration Minister Michael Woodhouse says.
Australians are contributing to New Zealand's skyrocketing house prices, with new research showing they bought more property than any other overseas group.
There is no good reason for Jamie Peters' bankruptcy to be extended as he faces Official Assignee claims he still has control of significant assets.
Ex-rich-lister Jamie Peters entered into a finance agreement on a luxury car at a time when he was unable to pay debts when they fell due, the High Court heard today.
Almost $650,000 from the sale of a boat that Jamie Peters had personally used ended up in a bank account which the ex-rich-lister accessed during his bankruptcy.
Former rich-lister Jamie Peters has told the High Court he "barely survived" using $80,000 from a friend's bank account.
A Metropolis penthouse owner paying $28,000 a year in body corporate fees has put his place on the market for $3.5 million.