Bunnings' boss has expressed delight about Arch Hill success, after locals tried to stop a big new store rising in the Auckland suburb across the road from small old houses.

A touch of Venice is about to hit Auckland as plans progress for a new canal to be dug through the centre of Auckland's Wynyard Quarter.

Parties associated with America's Cup sailing winner Sir Russell Coutts are understood to have bought Oracle House in Auckland, making him Larry Ellison's landlord.

Arch Hill residents have been left stunned by yesterday's decision to allow a Bunnings store in their neighbourhood, saying they fear for the future of the area.

A plan to build apartment towers up to 16 levels high around Milford Mall aims to make profit at the suburb's expense, says a lawyer acting for Auckland Council.

A controversial new Bunnings store on Great North Rd in Grey Lynn, Auckland, has been approved.

An angry Vital Healthcare Property Trust investor has criticised performance and investment in Australia at New Zealand's expense.

An institutional investor welcomed Commonwealth Bank of Australia's $70.6 million offer to internalise the management of Kiwi Income Property Trust.

The first buildings are about to go up at New Zealand's biggest new urban centre - the $1 billion Westgate town centre at Massey.

Work starts today on one of Auckland's most controversial sites, as a supermarket giant begins transforming the chasm of Ponsonby's Soho Square.

China's Shanghai CRED Real Estate says it has bought the 1000ha Peppers Carrington golfing resort on the Karikari Peninsula in the Far North from American Paul Kelly.