Auckland Airport issues $225 million of bonds – Air NZ issues $50 million of bonds – Summerset looking at 40-46% profit lift – Brierley completes Kirkcaldie takeover
Kirkcaldie and Stains
The directors of former Wellington retailer Kirkcaldie & Stains Ltd (renamed Wellington Merchants Ltd in July) unanimously recommended the takeover offer by Sir Ron Brierley’s Mercantile NZ Ltd on Friday as the quickest & more certain way of getting their money.
David Jones settles Kirkcaldie’s deal – Ryman buys third Melbourne retirement village site – Fletcher nets $85 million from Rocla divestment – Warehouse moves to Atrium on Elliott – Ethics standards for property sector out to global consultation
Goodman sells 2 more Christchurch buildings – Spark opens bond offer – David Jones unconditional on Kirkcaldie’s store
NZX-listed retailer Kirkcaldie & Stains Ltd filed applications at the High Court on Friday for a scheme of arrangement to return $19.354 million of capital to its shareholders.
5 apartments sell, H47 commercial space passed in – ANZ sells Esanda portfolio to Macquarie – PGC suspended – Metlifecare buys Albany site – Summerset revises guidance on sales lift – Harbour City Centre sale finalised