Sold for A$170m: Fletcher's Australian plumbing business Tradelink
A$10m of the deal has been deferred and might not be paid till 2026, company says.
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Latest fromBuilding & Construction
'Super lonely‘: Woman has no neighbours as housing development reviewed
Kāinga Ora bulldozed everything around her, but isn't returning 'to put housing back up'.
Māori housing advocacy group want to know MSD's strategy
Te Matapihi says it fears for vulnerable communities.
'Defects and misrepresentation': Six key issues with remote building inspections
The Government wants councils to use remote inspections as the default approach.
Plans unveiled for new park on wasteland at Auckland’s Wynyard Quarter
The park has been allocated $119 million.
Kids 'painted on damaged asbestos panels' at unnamed school
Documents reveal ‘widespread non-compliance’ over asbestos in schools.
$300m Auckland skyscraper: Construction work 'paused' indefinitely
Auckland Council is 'aware that work is currently paused on the Seascape development'.
Foodstuffs North Island fined $3.25m for anti-competitive land covenants
Foodstuffs fined for efforts to hinder rivals from opening or expanding.
Owners of Du Val-managed Lakewood Plaza units pay millions after water mains burst
'Millions of dollars in repairs, ridiculously expensive': owner paying $30,000.
Gisborne CBD eyesores: Mayor seeks new rules for building upkeep
Gisborne's mayor urges Govt for stronger laws to tackle derelict buildings in CBDs.
Du Val investor worried after interim receivership
'It’s been nearly two years since I’ve been paid anything.' - Du Val investor
Men's Shed Whanganui launches bold plan
'It’s not only for us old fellas - it's for the new ones coming on.'
Fletcher's Iplex: leaky pipe class action launched in Australia
Around 30,000 homes in Perth are thought to be involved.
'Rent will continue' - Du Val to worried apartment landlord
Around 500 people live in the high-rise.
'What I learned': Why Ben Wilson converted offices to apartments
Several CBD office buildings in Auckland have been converted into apartments, hotels.
Auckland bathroomware and plumbing supplies business in liquidation
Family-owned importer put into liquidation on August 5.
First look inside $120m Catalina Bay Apartments
Residents start moving next month into the new twin-block waterfront residences. Video / Jason Oxenham
Scope of Du Val businesses revealed: 64 entities now in PwC hands
The apartment and townhouse development group has been put into interim receivership.
Du Val Group in receivership: Why the FMA and police swooped, and what next?
One increasingly worried subcontractor complained of being owed around $500,000.
Auckland property developer placed into interim receivership, police at property
Around 120 investors put money into Du Val entities.
$458m sale of Auckland’s Vero tower ditched: Year’s biggest property deal off
Skyscraper deal gets flushed after Hong Kong suitors don't progress.
Five-day SkyCity casino closure dates out
Five days in a row and weekdays were always anticipated. No weekend shutdown.
Ryman reviewing new residents' fixed weekly fees: 'Quite a financial drag'
'The fixed fee has hurt us. No one expected rates to go up 15% per annum."
Hamas assassination and nursing jobs retracted | Morning Bulletin 1 August, 2024
In today's headlines with Susie Nordqvist, Hamas says its top political leader has been killed in an Israeli airstrike and nursing graduates were sent job offers in error.
Ngāti Whātua set to transform skyline of Tāmaki Makaurau
The Auckland iwi has unveiled a Māori-led investment initiative.
'The idea was to design an artificial sky' - architect Gordon Moller on new SkyCity hotel
New hotel opens today, offering 303 rooms and with an initial 65 staff.
Heart disease killed Queenstown hotel developer Kevin Carlin
Police confirmed there were no suspicious circumstances. No official inquiry is necessary.
Business confidence rises with a ‘can’t get any worse vibe to it’
"The evidence is mounting that the inflation dragon is on its last legs."
Council says new 'granny flats' legislation could add costs
A draft submission to the Government will be presented to the council today.
New home consents fall to levels last seen five years ago
Consents for building new homes were down 24% annually.
Crushing 4% rental yield gap largest in 15 years – but many investors undeterred
'Rents are nowhere near enough to cover the mortgage for a typical debt-backed purchase.'
School property projects in Bay of Plenty going ahead
Two school property projects in Bay of Plenty are now going ahead.
ANZ reverses house price forecast, expects 1% fall
Three aspects of house prices and interest rates have been revised in new research.
Couple ready to move on but not retire
Clive and Sue Roberts are moving on after decades in a Whangamatā business.