'Horrific" rates of nearly $50k a year on land still being grazed by livestock prompted the $37.9m sale of one of Auckland's largest land lots.

People behind the increasingly tired hot pools complex at Waiwera hint there are better days to come but the locals are more sceptical, writes Geoff Cumming.

Of the many schemes dreamed up for the thermal resort town of Waiwera, the plans outlined by Russian oil mogul Mikhail Khimich were the most grandiose yet.

A wealthy Russian has been ordered to sell his rural property after failing to make progress on a promised boutique winery and vodka distillery.

Oil tycoon Mikhail Khimich's promises to transform sleepy Waiwera have so far come to nothing. The Herald investigates why his ventures have struggled.

The retail group owned by David and Anne Norman, has added to its holding in the Warehouse by buying 730,000 shares on market this week.

The owners and operators of Pacific Harbour Lodge on the east coast of the Coromandel Peninsula at Tairua want to sell the land and buildings as a tourism investment asset and negotiate a 30-year lease with the new owners so they can continue running it.

Alan Wallace is an accidental property investor, signing a deal to sell a 16ha East Tamaki site for more than $40m after paying $630,000 for the real estate 21 years ago.

A sobbing SkyCity Entertainment Group employee told hundreds of shareholders of the raw deal the company had dealt her after 15 years of employment in Auckland.

The first of a group of controversial, tall apartment towers will soon begin to rise around Auckland's Milford Shopping Centre.

For the first time in 50 years a multi-purpose commercial property has been put on the market in the popular location of Mangere Bridge.

Two prime and well-positioned Auckland industrial properties in Penrose and Otahuhu have come to the market at a time when strong demand from occupiers has driven industrial vacancy to historically low levels.

Auckland investment specialists are closely watching Singapore's Government Investment Corporation, believed to have submitted an attractive bid for New Zealand's biggest and most valuable collection....

Concerned about potential security risks, the US government is taking a close look at last week's sale of New York's iconic Waldorf Astoria hotel to a Chinese insurance company.