Kiwi Property Group Ltd said today it was considering an offer of 7-year fixed-rate senior secured bonds to institutional & NZ retail investors, to be made next week.
Tourism Holdings Ltd said today it might sell some businesses.
Augusta Capital Ltd said on Friday the shareholders of Augusta Value Add Fund No 1 Ltd had approved the sale of 54 Cook St to the Augusta Capital group.
Bob Dey Property Report, weekly diary
Bayleys commercial agents on the North Shore have signed 3 lease contracts in the last week in Devonport, Rosedale & Takapuna.
New Zealand’s net migrant inflow continued to slide in September as more non-citizens left the country.
The proponents of a new waterfront stadium in Auckland released further details today of their proposal, and participants.
Steel & Tube Holdings Ltd goes to its annual meeting next Thursday with Fletcher Building Ltd no longer bidding for a takeover, and a brokerage replaced by NZ Steel Ltd as a large shareholder.
Property Managers Group’s $12 million wholesale capital fund has been fully subscribed a fortnight before closing date, and the group expects its $5.5 million wholesale direct childcare fund to be fully subscribed by closing as well.
6 bidders turned out for Bayleys’ auction yesterday of a Rosedale retail unit, brought forward from the agency’s Total Property auction next Wednesday, and the property sold at a 4.22% yield.
7 light industrial properties in Sockburn were sold at Bayleys’ Total Property auction in Christchurch yesterday, leaving one neighbouring property, 10 Paragon Place, unsold.
An apartment in the Volt on Queen St was the only one of 9 units on offer to sell at Ray White City Apartments’ auction today.
The apartment sales team of Steve Kirk, Habeen Urrahman & Chris Cairns scored 4 sales out of 4 properties on offer at Bayleys’ auction yesterday, where 19 apartments, townhouses & standalone homes were listed.
A unit in the rebuilt Glenside Terraces on Symonds St, combining upstairs apartment space & ground-floor commercial, was sold at City Sales’ auction yesterday.
Half a kilometre west of the Westgate & NorthWest retail & business centres at the top of Auckland’s North-western Motorway, Universal Homes Ltd has started work on the first block of 7 units in its next subdivision, West Hills, which will ultimately yield about 1200 homes.
Andrew North, of Harcourts’ North Shore franchisee Cooper & Co Ltd, won his second Australasian auctioneering championship today.
Fletcher Building Ltd dropped its on-the-quiet attempt to buy fellow NZX-listed company Steel & Tube Holdings Ltd yesterday, 3 hours after Steel & Tube told the exchange a revised offer still undervalued it.
The Commerce Commission has closed its investigation into roading & infrastructure construction company Fulton Hogan Ltd’s acquisition of Stevenson Group Ltd’s construction materials business, saying its concerns with the transaction have been addressed.
Apartments in CityLife on Queen St and the Perspective on College Hill were sold at Bayleys’ auctions last week.
Residential developer & builder Peter Cooney issued a challenge today to Housing & Urban Development Minister Phil Twyford: “Clear the red tape and you will get 100,000 houses.”
Pakuranga Plaza owner GYP Properties Pte Ltd said at the weekend release of revised proposed plans for the Auckland-Manukau eastern transport initiative (Ameti) eastern busway means the company can finalise its own designs for redevelopment of the Plaza & its 4ha site.
The 2-year task of reinstating Albert St began last week while, over at Britomart, excavation for the city rail link tunnel can now proceed at full speed.
Mulpha Australia Ltd has bought the leasehold 4.5 star Waldorf Stadium Apartment Hotel at Quay Park in Auckland.
Bayleys agents have leased 3 offices & an industrial unit around Rosedale on the North Shore, and 3 office suites in the B-hive at Smales Farm.
Colliers agents have sold 4 properties around Auckland, 2 at auction, and another 5 in the Bay of Plenty, Hawke’s Bay & Taranaki.
Bob Dey Property Report, weekly diary, Auckland Council, auctions, economy, events, Parliament, securities
How do we get around Auckland? Badly. Infrastructure NZ chief executive Stephen Selwood sets out his view of how to set the course for a decision.
Bayleys agents have sold a Freemans Bay building at a sub-5% yield and 2 properties in Glen Eden & New Lynn (a former petrol station, now car yard, pictured above) for yields around 5.5%.
An Eclipse apartment (pictured) was sold at an auction brought forward and a unit in the leasehold Landings at Quay Park was also sold under the hammer at Ray White City Apartments today.
A commercial site in Mt Eden with 3 shops & 2 flats on it (outlined in photo) was passed in at Barfoot & Thompson’s auction today. Of the 6 apartments, townhouses & suburban units the agency had up for auction on Wednesday afternoon, one was sold under the hammer and another post-auction.
Tuck takes on new corporate services role at Auckland Airport – CBRE appoints structured finance director – CoreLogic appoints Sydneysider to Auckland management role – Sydney-based Facebook manager joins Warehouse board – Freeman to replace Townsend at Property Council
The Commerce Commission said it would file civil proceedings in the Auckland High Court today seeking financial penalties against electricity lines company Vector Ltd for breaching its network quality standards.
Penlink, a proposal dating back to the 1980s start to development of Gulf Harbour at the end of the Whangaparaoa Peninsula, is an integral feature of the urban development of the Hibiscus Coast, 30-40km north of downtown Auckland.
Helius Therapeutics Ltd has secured an 8800m² property in East Tamaki for its first facility to cultivate, extract, research & manufacture medicinal cannabis.
The Goodman Property Trust has settled its $93 million purchase of Foodstuffs (North Island) Ltd’s distribution centre in Mt Roskill.
Melbourne-based developer ICD Property has selected a design by Woods Bagot, also of Melbourne, in partnership with local firm Peddle Thorp, for a 180m, $200 million apartment & hotel tower to rise on the site of the Federal St carpark in central Auckland. ICD ran a design competition among 5 firms – London-based Zaha Hadid, […]
The Manurewa RSA’s premises have been sold, 6 months after the association found discrepancies in its finances. The RSA had occupied the property for 25 years.
Bob Dey Property Report, weekly diary
Barfoot & Thompson managing director Peter Thompson said this week the average price for the agency’s home sales in September was marginally up on August, while the median was marginally down.