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.
Kirkcaldie & Stains Ltd has signed an agreement for Australian retailer David Jones to take over its Lambton Quay department store in Wellington from mid-2016.
Kirkcaldie & Stains makes half-year loss – New Darwin community levy to hit SkyCity – Allied Farmers plans capital-raising – Argosy makes 3% revaluation gain, sells Allens Rd property – NZF reverse-listing deal falls over
2 apartments sell at Ray White’s – 2 warehouses & childcare centre sell – Harbour City Centre sale settled – Dorchester at 60% in Turners takeover – Pyne Gould suspended
Kirkcaldie & Stains Ltd has replaced the complicated pair of agreements it reached in May to sell the Harbour City Centre in Wellington.