Giant of listed retirement village sector has a drop in interim net profit
Revaluations of $89.3m previously dropped to just $49.6m.
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On November 8, the residential developer sent a proposal to staff, hoping to cut costs.
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The housing market has experienced a sharp turnaround over past year.
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Property: Double-digit house market declines in main centres, new figures show
QV House Price Index shows the average home dropped in value by 3.9 per cent.
Remote working trend contributing to Taranaki property boom
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Auckland Catholic rest home losing $100,000 a month set to close
Enormous emotional and physical cost on residents, staff and the health system.
'So unfair': Family wait six months for $120,000 from late mother's retirement unit sale
'That's part of our terms and conditions,' says Real Living CEO Martin Oettli.
Foreigners double NZ land purchases: post-Covid recovery
Largest deals are often offshore parties selling Kiwi assets to other overseas entities.
FMA seven-fund warning: How industry responded
'We will update our systems and processes after this warning': Matthew Horncastle.
Real Estate NZ translates guides into Māori and other languages
23 per cent of those who bought their first home in the past 12 months were Māori.
New multi-billion-dollar Auckland village planned
Marutūāhu had given the planned village the name Maungārongo.
'Honey, I shrunk the hospital' - Ryman plans fewer beds
Retirement behemoth plans smaller geriatric hospitals due to lack of state funding.
'Eyesore': Delayed development by Max Key's company upsets neighbours
Former PM's son's company apologises for rundown bungalows on swish inner Auckland street.
Woman's new home build hit with extra $213k bill as costs rise
The woman quickly realised the fixed prices quoted were far too good to be true.
Overseas buyer swoops: Youth Hostel chain to reopen
Foreign buyer interest was strong due to geographic spread: Colliers.
Huge new meditation centre rises at Ihumātao
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The 263 creditors claiming money from insolvent civil contractor DDL
Crown entities, Auckland Council, national companies and subcontractors on the list.
September housing market uplift 'subdued': REINZ
Agents report most vendors understand the need to adjust their price expectations.
'Never seen a list that long': 263 creditors' claims over failed Ormiston housing project
List of 263 creditors claiming money has been released with the first liquidators' report.
Auckland Catholic rest home losing $100,000 a month due to critical staff shortage
A number of other rest homes and charity-based places have shut down lately too.
Fake mews: Producers of new 'reality' show reveal it's not real
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Could The Block NZ be heading to this suburb next season?
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$100m+ expansion planned for 10 Metlifecare villages
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'A pothole in the road' - real estate agent on $3000 fine, censure
Award-winning real estate agent's business was found guilty of unsatisfactory conduct.
Blood stains and a bashed in lift: Tenant billed for extensive damage
Blood stained the apartment, hallway and lift after a tenant's drunken outburst.