Big retirement village company's net profit tumbles
Giant of the sector reports in the face of falling house prices, Government scrutiny.
Giant of the sector reports in the face of falling house prices, Government scrutiny.
'Level of concern amongst residents and advocates about some of the sector’s practices.'
Six businesses own 47% of villages and 63% of units: we name the giants of the sector.
The retirement village operator has raised $902 million.
Fletcher boss explains 46% profit drop and Ryman boss fronts up on $900m capital raise.
After five years of criticism, Ryman has gone cap in hand to investors asking for $900m.
Scheme for 217 apartments now scaled back to 104 units.
Rollercoaster ride for $317m estate continues, but project opponents already grumbling.
Revaluations of $89.3m previously dropped to just $49.6m.
Setbacks, including problems securing consents, resulted in property going on the market.
Dispute about what was listed as completed and whether that was true.
Fee rise met with negative feedback.
"As silly as it was going high, it's just as silly going low," says RVA president.
Covid, rising construction costs, sales, company direction - themes in the analysis.
Ryman beat expectations on Friday and now, new analysis digs deeper.
Ryman Healthcare provided a positive tone to the New Zealand sharemarket at week's end.
Company has assets of around $11b but market capitalisation is only $4.5b
Interest rates, costs could take toll on multibillion-dollar businesses.
The New Zealand sharemarket finished the week on a subdued note.
The New Zealand sharemarket opened the week with more than a 1 per cent fall.
Construction chief launches new Auckland train station-oriented apartment business.
The best of business in New Zealand set to be honoured in the annual Top 200 awards.
'We hope the council will approve our amended application' - Australian boss.
Kalmar is due to be finished in Parnell by 2023.
Results of the Herald's annual stock-picking game are in ... and the top picks for 2022.
"It's too soon to ask if I will become a New Zealander" - CEO of biggest RV business.
12,750 residents have licenses to occupy, company plans a further 6506 new units, beds.
"People walk in and all hell will break loose. You have to stay calm" - Carolyn Cooper.
'Quite a big loss of building materials and equipment due to theft' - Julien Leys.
Umbers is now based in Melbourne but starts later next month