Bob Dey Property Report, weekly diary, Auckland Council, auctions, economy, events, Parliament, securities
Statistics NZ will publish statistics on property transfers by New Zealanders & overseas people, starting on Thursday 7 June.
Bayleys commercial agents on the North Shore have reported one sale & 2 leases in Rosedale.
Auckland Council’s Auckland Domain committee is set to approve a comprehensive redevelopment programme on Wednesday for an area at the foot of the domain.
An Auckland Council internal audit investigation has cleared the council’s strategic procurement committee of wrongdoing in approving contracts in this council term.
Westfield Corp Ltd securityholders voted overwhelmingly on Thursday to approve the mall owner’s acquisition by UnibailRodamco SE and the demerger of OneMarket Ltd.
Augusta Capital Ltd continued its transformation in the year to March from being a direct property investor towards its aim of becoming New Zealand’s leading & most diversified property funds management specialist.
When a company doesn’t tell you in the first line of its results announcement that it’s made a huge profit, it’s all too common to have to hunt for the score. Argosy Property Ltd didn’t mention the profit fall all the way through a long release on its performance on Wednesday, but I’ve tracked down […]
A full year’s trading by its new Australian subsidiary lifted Metro Performance Glass Ltd’s revenue by 10% in the year to March, but ebit (earnings before interest & tax) fell 15% and net profit after tax fell 16%.
Metlifecare Ltd has bought 3 adjoining properties for a retirement village development at Beachlands, on the Pohutukawa Coast in Auckland’s south-east.
An owner-occupier has bought a commercial unit on Orbit Drive, Rosedale, through Colliers.
A Winsun Heights unit was sold but the other 4 apartments auctioned at Ray White City Apartments today were passed in. A brand new dual-key unit in the Park Residences (pictured), comprising 2 studios, was passed in.
An Onehunga industrial property on Neilson St sold on a 5.8% yield at Barfoot & Thompson’s commercial auction today.
2 cross-leases & 2 suburban units were sold at Barfoot & Thompson’s residential auction at its city office yesterday, out of 10 intensive residential properties on offer. Among the 6 passed in, 2 of the more distinctive offerings attracted no bid. A terrace at Flat Bush was sold at pre-auction today.
An apartment looking over Basque Park in Eden Terrace was sold at Bayleys’ auction yesterday.
Former Auckland property consultant Stephen Rolf Gubb, 62, was sentenced to jail for fraud for a second time yesterday, this time for defrauding the Selwyn District Council in Canterbury over commission payments at its Izone business hub.
Steel & Tube Holdings Ltd expects to lose $38 million before interest & tax in the financial year ending next month.
Minority shareholders in NZX-listed Millennium & Copthorne Hotels NZ Ltd have the opportunity to poke a stick at the majority controlling interest in the company at the annual meeting next Thursday, 31 May.
Steel & Tube Holdings Ltd shares went into a 24-hour trading halt today to allow the company’s board to consider factors likely to impact on earnings guidance.
Bayleys agents in South Auckland have sold 3 office properties and a vacant industrial site.
A 2.3ha industrial site opposite Palmerston North Airport and a vacant warehouse in Tauranga have been sold by Colliers agents.
Bob Dey Property Report, weekly diary
The inflow of long-term migrants to New Zealand dropped by just under 1000 in April compared to a year ago, and the total for the last 12 months is down 4900 to 67,038.
Kiwi Property Group Ltd posted an after-tax profit of $120.1 million ($143 million in 2017), driven by another record operating result as measured by funds from operations.
Ryman Healthcare Ltd lifted its audited reported profit after tax for the March year by 8.8% to $388.2 million ($356.7 million the previous year) and the underlying profit 14.2% to $203.5 million ($178.3 million).
10 of the 14 commercial properties south of Auckland up for auction in Bayleys’ third Total Property series were sold under the hammer over the last fortnight.
Bayleys agents on the North Shore have leased 3 commercial properties at Albany, Milford and across in Penrose, one in partnership with Harcourts NAI.
Riley moves from Sylvia Park to Commercial Bay – Holth joins Kensington Swan property team