Snapshot on local property, week to 3 August 2003

2 August 2003 Tyco Electronics has opened a $3 million 5100m² manufacturing facility in the new greenfields industrial estate at Mary Muller Drive, Heathcote, Christchurch, replacing its Cashel St premises. “We were on Cashel St for 20 years – expanding into neighbouring buildings as they became available. But the old buildings were not designed to […]

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Snapshot on local property, week to 27 July 2003

23 July 2003 Kiwi Income Property Trust will officially open the 1st stage of its $90 million Northlands shopping centre redevelopment in Christchurch tomorrow. The 1st stage has 54 new specialty stores & 400 undercover parking spaces. On completion of the whole project next Easter, Northlands will have 40,700m² net lettable area, almost double the […]

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Snapshot on local property, week to 20 July 2003

17 July 2003 Capital Properties NZ Ltd had a 9.5% (5.57 million share, $4.18 million) shortfall in its $44 million 1:3 June rights issue, which was fully underwritten by Forsyth Barr Group Ltd. The shortfall scrip will be allotted next Wednesday. The shares taken up increased Capital’s ordinary shares on issue by 30% to 229.4 […]

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Snapshot on local property, week to 6 July 2003

5 July 2003 Kaipara District Council is seeking expressions of interest for provision of resource consent processing services, closing on Friday 1 August. 2 July 2003 The National Property Trust has sold NZI House in Hereford St, Christchurch, for $8.4 million, settlement 1 August. The sale price is above current book value. National will use […]

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Snapshot on local property, week to 22 June 2003

17 June 2003 Australian listed company Tempo Services Ltd has won an $A15 million 3-year contract to provide cleaning & building services to Westfield Trust’s 10 New Zealand shopping centres. Tempo provides services to 22 Westfield centres in Australia. The company has agreed to operate under the NZ union agreement. Barfoot & Thompson has sold […]

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Snapshot on local property, week to 15 June 2003

14 June 2003 AMP NZ Office Trust has decided not to proceed with its $112 million conditional contract to buy the ASB Bank Centre in Auckland from the bank (which owns 60% & leases 15 floors) & the unlisted AMP Property Portfolio. AMP Property Portfolio will take the building to international tender through Colliers International. […]

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Snapshot on local property, week to 25 May 2003

25 May 2003 AMP Property Portfolio’s Botany town centre was 1 of 8 award winners in the International Council of Shopping Centres’ awards for innovative design & construction. Other winners were from Saudi Arabia, France & the US. Botany won in the category for projects over 500,000ft² (46,450m²). 23 May 2003 Kiwi Income Property Trust […]

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Snapshot on local property, week to 4 May 2003

2 May 2003 1 of Australia’s largest private childcare centre owners, ABC Learning Centres Ltd of Brisbane, has entered into 2 separate heads of agreement to buy 10 existing & 2 proposed centres in New Zealand. ABC will buy 6 centres for $NZ1.715 million (excluding gst) cash. The 2nd agreement, for 4 existing & 2 […]

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