SkyCity Entertainment Group Ltd has entered into a binding agreement to sell a long-term concession over its Auckland carparks to Australian bank Macquarie Group Ltd’s Macquarie Principal Finance Group for $220 million.
A unit in the Aura apartment building – with the added investment value of 5 parking spaces – was sold at Bayleys’ auction today.
SkyCity Entertainment Group Ltd has signed an unconditional agreement to sell the Federal St carpark in downtown Auckland to ICD Property Investment Ltd (Michael Mai, Melbourne) for $40 million.
NZX Ltd-owned research & rating agency FundSource Ltd has given Oyster Property Group Ltd’s Direct Property Fund an AA rating – the first for an unlisted direct property fund in New Zealand.
Auckland Transport said on Friday it was considering introducing a paid parking zone for the Albany town centre, with the intention of freeing more spaces for short-term visits.
One headline read ‘ACCC slams airport parking gouge’, but the annual airport monitoring report by the Australian Competition & Consumer Commission reads more like an ‘Okay, they’re gouging’ coupled with a wallop from a bedraggled bus ticket.