Kiwi Property Group Ltd lifted operating earnings by 13% in the year to March, but a $135 million cut in revaluation gains put paid to any rises on other financial statistics.
Ryman Healthcare Ltd said on Friday strong gains from the resale of occupancy rights drove its rising profits, as the company invested $525 million to meet demand.
You could sense an almost imperceptible turning of the tide: the net inflow of migrants slipped by 47 for the year in the rolling 12-month count released by Statistics NZ on Friday.
Bob Dey Property Report, weekly diary
The Goodman Property Trust’s net annual earnings dropped both before & after tax in the year to March, the result of a smaller fair-value gain on its portfolio.
Evolve Education Group Ltd has entered into a contract to acquire 6 early childhood education centres in the South Island, increasing its portfolio to 126 centres by June.
NZAX-listed property company Chow Group Ltd’s management company, CGML Ltd, has awarded the management contract for its Rotorua hotel to AccorHotels.
Goodman Property Trust opened a $75 million bond issue on Thursday, with the ability to accept up to $25 million in oversubscriptions.
Genesis Energy Ltd has allocated $225 million of 30-year subordinated unsecured capital bonds in a bookbuild process.
Bayleys agents on the North Shore have completed 7 lease transactions in Albany, Browns Bay, Rosedale, Takapuna & the Wairau Valley.
All 6 properties in Bayleys’ third Wellington Total Property auction for the year were sold under the hammer on Thursday, and another 6 on the Coromandel, Waikato & Rotorua were sold.
11 of the 21 commercial properties auctioned by Bayleys yesterday in its third Total Property portfolio for the year were sold under the hammer.
Goodman Property Trust reported pretax profit of $220.5 million for the March year, down on last year when revaluations are included, up by a small margin when they’re excluded.
Commissioners approved Kennedy Point Boatharbour Ltd (Tony Mair)’s 186-berth floating marina at Kennedy Point in Putiki Bay, Waiheke Island, yesterday after a hearing in early April.
Barfoot & Thompson sold 5 intensive residential properties at its city auctions on Wednesday-Thursday, leaving 9 unsold, and sold both commercial properties on offer.
Update: 2 more apartments were sold shortly after yesterday’s auction at Ray White City Apartments, taking sales to 5 out of 7.
2 North Shore properties were sold under the hammer at Colliers’ commercial auction yesterday.
The headline is what matters in an election campaign, and the headline is that National is promising that, as the government, it will build 34,000 new houses on Crown land in Auckland over the next 10 years.
Duggan moves to Green Building Council – Beca appoints Jon Williams as its 5th chief specialist – RCP names Watchorn as regional manager, welcomes back Koolen – Inno Capital secures Roger Kerr for new project – RDT Pacific moves into Creative Spaces’ old office – 3 reappointed to National Infrastructure Advisory Board – Opus appoints […]
Agents who sold a dual-frontage Morningside property on a 4.3% yield say the suburb is seeing changes under the unitary plan, improved access & intensive residential development that will transform it in a short timeframe.
Colliers has reported 3 sales around the North Island.
Ryman Healthcare Ltd announced its intention yesterday to build its 6th Australian retirement village in Geelong.
Auckland’s city rail link project entered the final stage of preparation works on Albert St last week before tunnel construction works begin.
Labour Party leader Andrew Little renewed the party’s call to eliminate negative gearing on residential property investments yesterday, and was promptly accused by Property Institute chief executive Ashley Church of making “a cynical electoral ploy [that] risks making the country’s housing crisis significantly worse”.
Bob Dey Property Report, weekly diary, Auckland Council, auctions, economy, events, Parliament, securities