Barfoot & Thompson managing director Peter Thompson acknowledged last week – on the agency’s latest residential sales figures – that it’s become a buyer’s market.
The Commerce Commission said last week it had filed proceedings in the Wellington High Court against gas network operator First Gas Ltd for anti-competitive conduct in acquiring the Bay of Plenty assets of GasNet Ltd.
Retirement village developer, owner & operator Summerset Group Holdings Ltd lifted its sales in the fourth quarter, the same as it did in 2017, but fell well short of its total 2017 sales figure.
Quotable Value Ltd’s monthly chart of house price movements, out today, shows Auckland going from a just-positive 0.4% shift over the 12 months to November, to a just-negative 0.4% shift for the December year.
Singaporean property giants CapitaLand Ltd & AscendasSingbridge Pte Ltd announced their intention to merge their interests yesterday.
German building materials supplier Gebr Knauf KG has entered into an agreement to acquire the international businesses of US company Armstrong World Industries Inc, on top of its $US7 billion acquisition of Chicago-based USG Corp. In New Zealand, the Commerce Commission is considering the USG merger’s competition impacts.
Bayleys commercial agents on the North Shore have reported 4 sales & 6 leases to complete their 2018 business.
In the turbulence in the week before Vital Healthcare Property Trust’s annual meeting in December, an update by the trust manager on brownfield development & strategic acquisitions was easily set aside.
Augusta Capital Ltd has delayed the launch of its tourism fund while it raises new capital for its industrial fund and starts a new single-asset fund.
Palmerston North developer John Farquhar’s commitment to intensification on an 8ha site above Oteha Valley Rd at Albany hasn’t wavered despite a conflict with officialdom over 18 years.