Kiwi Property Group, has paid $82.5m for the Westgate retail centre in Auckland being developed by New Zealand Retail Property Group.

A lack of shops in Auckland's growing and affluent north west is behind the push to build a big new mall.

US concert giant Live Nation has asked for permission to buy the management company of Vector Arena - which could mean more big concerts.

Auckland's newest mall is a third of a kilometre long and at 2.7ha, will be the size of four rugby fields.

New Zealand's newest beachside golf course is to open on October 1 with membership by invitation only and fees in the tens of thousands.

Bunnings is about to start work building a new store on the disputed Arch Hill site in Auckland.

KiwiRail is defending an almost threefold Onehunga ground rent hike, saying it must take a commercial approach.

A major roadblock has been unblocked after the Environment Court refused to rule in favour of a powerful landlord.

Publicly-owned Waterfront Auckland has won $10m from oil giant Mobil to pay for a cleanup of part of the Wynyard Quarter.

"Over time" and "over budget" are two phrases well known in construction, so a couple of industry veterans have created a solution they believe has global potential.

Fletcher boss Mark Adamson says the company is dealing with legacy issues - and this is the 'dark before the dawn.'

Fletcher Building's June 2015 annual result out today showed revenue climbed 3 per cent but net earnings fell 20 per cent.

Profit fell to $270 million in the year ended June 30, from $339 million a year earlier, the company said.