Fletcher Building hits back at union claims
Company refutes union claims about how it's acting during the pandemic.
Company refutes union claims about how it's acting during the pandemic.
"Purchasers can't even view the completed development" - The Antipodean buyer.
Union: "It shows a lack of respect for the workforce that keeps their company moving."
"I still haven't slept in it - but a tramp has," Barry Colman said of his new property.
The receivers don't yet know how much money investors will get back.
Hardship for renters and landlords expected to get worse, property investors say.
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"We are simply not able to continue to pay all our New Zealand people" - chief says.
"We all need to keep cool heads, this thing will pass" - Brealey
But where to from here for house building?
Investors across the industry have been hit by the downturn.
Around a quarter of the 120-property Swiss-Belhotel International chain are shut.
Unfair for wages and salaried staff to be treated differently, argues union.
The Government does need to step in, Property Council's Leonie Freeman says
Contractors could suffer severe financial hardship.
What rent liability for tenants barred from entering premises?
"Stay home, save lives" - Harry Hart
Three film crew from Avatar's cancelled film set say landlord unfairly pocketed $20,000.
There is confusion over whether tenants and house sellers and buyers can move homes.
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Businesses and commercial property owners need to check their leases to see who pays.
Landlords and tenants urged to work together because both will need the other in downturn.
Fletcher is the latest company to can its dividend.
Settlements and house moving likely to be deferred but no official decision has been made.
"Health and operations are more important" - Campbell Barbour.
Landlords have been advised to talk to their banks early.
Emergency tenancy measures "during this difficult time".
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Kiwi renters will get relief from any increases in rent during the immediate crisis.