DNZ Property posts big half year profit jump
Listed landlord DNZ Property Fund made $25.9 million net after-tax profit in the September half-year, up 41 per cent on last year. The
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West Auckland's new mall cinema plan
West Auckland is about to get a huge boost, after a big landlord this morning announced a $36 million expansion and upgrade of New Lynn's LynnMall shopping centre.
Drop in profit for giant landlords
Two of New Zealand’s biggest commercial and industrial landlords have this morning reported half-year results down on last year.
Healthcare business on the table
A high-profile Pakuranga property and going concern health-related business is being offered for sale in a busy commercial area that is anchored by Pakuranga Plaza about 2km to the west.
Last chance for sale on Sale St
One of the last remaining industrial properties in Sale St in the Victoria Quarter precinct of the Auckland CBD is for sale.
Bryers bankruptcy case delayed
Former Blue Chip boss Mark Bryers is likely to stay bankrupt until at least March next year with his High Court hearing delayed while the parties argue about evidence.
Half a billion dollars in sales
Ten large commercial properties valued at over half a billion dollars have recently been sold by Bayleys Real Estate.
Singapore buys into NZ malls
Forty-nine per cent of five Westfield malls worth $2.1b will be sold to the Singaporean Government Investment Corporation.
Hawkins targets $1b revenue
New Zealand's record building boom and overseas work have pushed the country's biggest privately owned construction and infrastructure business to forecast a $300 million rise in annual revenue by 2017.
Wellington convention centre gets tick
The Wellington Employers Chamber of Commerce is welcoming the news the city will get a new convention centre by 2017.
Viaduct property deal's value queried
Professional investors have questioned the value to Goodman Property Trust of Singapore's Government Investment Corporation's acquisition of a 49 per cent stake in Auckland's Viaduct Quarter.
Heavenly office space for lease
A high-profile former church building that has been converted into high-quality office accommodation on the Symonds St ridgeline is available for lease, presenting an opportunity for companies looking for central city character space.
Goodman signs up Singapore for Viaduct
Singapore's sovereign wealth fund has bought a half stake in some of Auckland's newest commercial buildings in the Viaduct Quarter.
Sale of site could herald big change
NZ's most active family developers, the Mansons, have purchased the NZME.site and buildings in Auckland's CBD for about $45m, which could result in a big redevelopment.
Rail Link faces 2020 delay
The $2.4b City Rail Link could be deferred until 2020 because of mounting concerns by councillors about its impact on rates, debt and big cuts to community services.