2 of the 3 older, character apartments auctioned at Bayleys today were sold under the hammer.
Colliers agents on the North Shore have secured 2 commercial sales in the Rosedale area & Wairau Valley, and a Wairau Valley lease.
8 days before the scheduled release of its half-year financial report, ANZ Banking Group Ltd disclosed an $A632 million hit to its bottom line following sale of Wealth Australia & OnePath businesses.
Precinct Properties NZ Ltd says it’s working with one party on the sale of a 50% interest in the 39-storey ANZ Centre in Auckland and has an agreement to sell the quake-damaged former Deloitte House in Wellington at a huge markdown.
The net annual inflow of migrants is down by 4000 compared to a year ago, and 4400 below the peak last July. But, as Statistics NZ pointed out today, 67,984/year is still an historically high migration level.
An analytical paper published by the NZ Treasury last week raises questions about the accuracy of migration figures, largely because of the hard-to-analyse internal migration.
Auckland Council issued a release today welcoming an Environment Court decision that the Crater Hill (Nga Kapua Kohuora) volcanic cone & the elite soils of Pukaki Peninsula – between Auckland Airport & Papatoetoe – are to remain protected from residential development & future urbanisation.
Bayleys agents on the North Shore have completed 2 retail property sales in Devonport & Hauraki and 4 leases, including 2 on Taharoto Rd, Takapuna.
A vacant Rosedale industrial unit was sold at Barfoot & Thompson Commercial’s auction in Takapuna on Thursday at just over $3900/m².
Colliers agents have sold 3 adjoining development sites at the Tauriko business estate outside Tauranga and the Husqvarna building near Auckland Airport.
Knight Frank agents have completed 2 sales in Christchurch and 6 leases in Auckland, the Bay of Plenty & Christchurch.
The rebalancing of New Zealand’s house price ratios continued in March, as the median price outside Auckland, as measured by the Real Estate Institute, rose 6.2% while Auckland’s median fell 2.2%.
Metlifecare Ltd said last week it had gone unconditional on its purchase of a 5.3ha waterfront site at Orion Pt in Hobsonville.
Summerset Group Holdings Ltd has bought a 9ha property at Eriksen Rd, Te Awa, for its second retirement village in Napier & fourth in Hawke’s Bay.
Bob Dey Property Report, weekly diary
Fletcher Building Ltd shares resumed trading today after the institutional shortfall bookbuild of the company’s $750 million fully underwritten pro rata accelerated 1:4.46 entitlement offer of new shares.
Against the possibility of rejecting $300 million of state support for housing development for reasons not clearly enunciated, Auckland Council’s governing body voted yesterday to apply for the money through the Government’s Housing Infrastructure Fund.
The NZ Institute of Economic Research’s forecasts for cost management & quantity surveying firm Rider Levett Bucknall indicate construction cost inflation peaking at just below 5% in the next year before moderating to 4% by late 2019.
The annual inflation figure fell from 1.6% in the December quarter to 1.1% in the latest quarter, Statistics NZ said yesterday.
Daily Reckoning managing editor Brian Maher ran a hard-hitting column on US debt & gdp overnight. One graph in it represents, to me, scary accuracy.
Carroll returns to Colliers – Troute joins Investore board – Opteon expands valuation service into Waikato – Paterson & Rolleston appointed as Reserve Bank advisors – Ryan moves from Primary Industries to Auditor-general – Stiassny to chair NZ Transport Agency – Jeffcott joins Lowndes – McKenna moves to Savills – Trainer joins Kiwi Property – […]
An Empire apartment was sold at Ray White City Apartments’ auction today, but a florist’s shop in the leasehold Scene 2 at Quay Park was passed in.
A St Johns industrial unit was sold at Barfoot & Thompson’s city auction today, but a Mt Eden house converted to offices was passed in.
A Newmarket showroom and a mixed-use building in the Wairau Valley were passed in at Colliers auctions on Wednesday.
One apartment, in the Heritage Grand, sold out of 5 apartments on offer at City Sales’ auction on Wednesday.
Fletcher Building Ltd announced a fully underwritten $750 million equity-raising yesterday.
Bayleys has sold 5 properties in Wellington in its Total Property series of commercial auctions, including the unusual reconstruction pictured.
NAI Harcourts has sold 3 properties at auction and another pre-auction, among 5 recent commercial sales in Birkenhead, Rosedale & at Papakura.
2 weeks into the 2019 financial year, there are some very important trends emerging & playing out in the world which I believe will be affecting our lives, and investments, for some years to come.
Bob Dey Property Report, weekly diary, Auckland Council, auctions, economy, events, Parliament, securities