Snapshot on local property, week to 1 April 2001

Latest: Kiwi Income offer value unchanged. 29 March 2001 Kiwi Income Property Trust, seeking to complete the takeover of Kiwi Development Trust by compulsory acquisition, has secured an update report from PricewaterhouseCoopers, which prepared the January appraisal showing the value range of the Kiwi Income units being offered at 85-90c, and the value range of […]

Continue Reading

Snapshot on local property, week to 11 February 2001

Latest: National Property Trust earnings up 5.7%, Landco launches Whangaparaoa subdivision, Warehouse sales up but same-store figures change little, PWC Tower now 54.5% leased, FAL reports Q2 sales up, Property Council names scene-setter breakfast speaking quartet. 9 February 2001 National Property Trust reported an operating surplus for the six months to November up 5.7% to […]

Continue Reading

Snapshot on local property, week to 4 February 2001

Latest: Dairy Brands opts for selldown, Hartner Construction in receivership, structure plan for public land beside Bayswater marina, Meremere power station on market, B&T brightens up its website, annual pedestrian count, directors recommend accepting offer for KDT, AMP trims office trust stake, Australasian Property Holdings appoints PRD to market Katoomba resort. 3 February 2001 Dairy […]

Continue Reading

Snapshot on local property, week to 18 March 2001

Latest: Young moves to Jasmax Wellington, Fletcher and Axa end Victorian cogeneration dispute, Sky expects Force stand to start in next week, Kiwi Income pays dividend early, Savoy to release result late, Bayleys issues Total Property portfolio, Shortland wins costs argument from Kiwi’s aborted takeover bid, National to absorb Southway, CDL Hotels profit slumps 76%, […]

Continue Reading

Snapshot on local property, week to 11 March 2001

Latest: Francis agrees to sell Force, censure for Savoy, Newmarket profit falls 30%, Damba’s fortunes rise, Servcorp takes PWC Tower floor, bigger loss for Australasian Property, Restaurant Brands sales up 10%, Kiwi Income secures development trust, change at Bayleys Research helm, Britomart work starts, airport Foodtown, work to start on two Taradale projects, Calan earnings […]

Continue Reading

Snapshot on local property, week to 25 February 2001

Latest: PFI profit cut 57%, Auckland International Airport up 15%, Michael Hill up 3.3%, Connell Wagner advances international building relationship, Kiwi Income at 60% of KDT, Sanctuary shell faces liquidation but Sanctuary (Icon) carries on, Deloitte pair receivers of Manor Inns, Calan “don’t know” on price drop, airport gets seventh design-build, Starline takes over at […]

Continue Reading

Snapshot on local property, week to 1 December 2002

1 December 2002 All new spa pools in Auckland and North Shore cities will have to be fenced following a recent determination by the Building Industry Authority. The determination means lockable spa pool covers can no longer be approved as a suitable safety barrier. Lockable covers were regarded as an alternative solution under the building […]

Continue Reading

Snapshot on local property, week to 24 November 2002

20 November 2002 Colonial First State Property Trust increased its September half net surplus by 1.1% to $7.16 million, on operating revenue up 8.9% to just under $13 million, and an operating surplus (before & after unusuals) down 0.5% to $8.34 million. Earnings/unit were steady at 4.9c/unit. The 2.63c/unit distribution includes 0.3c imputation credit. The […]

Continue Reading

Snapshot on local property, week to 20 October 2002

18 October 2002 Property For Industry Ltd’s operating surplus for the 9 months to September slipped 2.2% on rental income down by the same percentage, a result of divestments, to $16.2 million. Earnings/share fell from 4.6c to 4.3c. The industrial property investor will pay a steady third-quarter dividend of 1.35c/share with 0.3c imputation credit. PFI’s […]

Continue Reading

Snapshot on local property, week to 3 November 2002

30 October 2002 Calan Healthcare Properties Trust has 3 Hamilton facilities up for tender, closing with Bayleys on 8 November. All have a lease to Hamilton Health Management in place until 2015. The facilities are the 98-bed Rossendale and 63-bed (plus 30-bed resthome) Eventhorpe homes/hospitals and the 37-bed Phoenix rehabilitation unit. Rossendale is earning $552,640/year, […]

Continue Reading
WordPress Appliance - Powered by TurnKey Linux