Property For Industry contract worth more than $42M

Article – BusinessDesk

May 29 (BusinessDesk) – Property For Industry’s management contract is worth more than the $42 million the industrial property investor will pay to bring the contract in-house, which should pave the way to higher dividends, says an independent appraisal … Read more »

PFI – Notice of Annual Meeting

Press Release – Property For Industry Limited

Industrial property landlord, Property for Industry Limited (NZX: PFI, the Company), advises that its Annual Meeting of Shareholders will be held on 11.00am on 22 June 2017 at Eden Park in Auckland. Read more »

McLaren’s Garage Gets New Lease Of Life

Press Release – Mike Pero

The spiritual home of one of the greats of Kiwi sport is to get a new lease of life – quite literally. Read more »

Commerce Commission investigates Ron Hoy Fong

Press Release – New Zealand Labour Party

Commerce Commission investigates Ron Hoy Fong The decision by the Commerce Commission to investigate Ron Hoy Fong and his questionable advice to property investors to use fake names and target dummies is good news, Labours spokesperson on … Read more »

Foreign Buyers’ Land Grab Set to Escalate

Press Release – New Zealand First Party

The land grab by foreign buyers in New Zealand is set to ratchet up, says New Zealand First Leader and Northland Member of Parliament, Rt Hon Winston Peters. Read more »

Ngāi Tahu Property doubles size of the Kerepeti development

Press Release – Ngai Tahu Property

Ngi Tahu Property has entered into a development agreement for one of the last undeveloped sites in Hobsonville Point. Read more »

Further blow to the West Coast – Jacksons Tavern

Press Release – Harcourts

In complete contrast to the property boom across much of the country, the historic and iconic Jacksons Tavern on SH73 on the South Islands West Coast is going up for auction on 15 June with a declared reserve of only $200,000 half its rateable … Read more »

Regional hotel sales signal rising demand

Press Release – Colliers International

Demand for regional hotels is on the rise following a record number of hotel sales in New Zealand’s main tourism markets. Read more »

Property Council announces National Awards nominations

Press Release – Property Council Of New Zealand

The nominations for the Annual National Property Council New Zealand Rider Levett Bucknall Property Industry Awards have been announced. Read more »

Erosion control funding round opens

Press Release – New Zealand Government

Associate Minister for Primary Industries Louise Upston has welcomed the opening of the next round of funding for erosion control in the Gisborne region. Read more »

Substantial pastoral station placed on the market for sale

Press Release – Bayleys Realty Group

An expansive sheep and beef station has been placed on the market for sale. Waipaoa Station spreads across 1667 hectares some 58 kilometres north-west of Gisborne. Read more »

Era of compressing rates lives on despite external signals

Press Release – CBRE

Yields are continuing to firm across the Auckland commercial property market bucking what was expected to be a reverse trend based on market sentiment, according to CBREs latest Marketview report. Read more »

Auckland suburban and city fringe apartment markets strong

Press Release – Colliers International

Aucklands suburban residential apartment sales volume is nearly as high as that of city fringe, suggesting the two markets remain strong with minimal supply. Read more »

Goodman Property reports 9% decline in full-year profit

Article – BusinessDesk

May 18 (BusinessDesk) – Goodman Property Trust, the NZX-listed commercial and industrial property investor, reported a 9 percent decline in full-year net profit on a deferred tax payment and lower investment property revaluations and was slightly less upbeat … Read more »

Wellington regains from earthquake

Press Release – CBRE

Wellington With a reduction in vacancy and rental pressure continuing to increase in the Wellington commercial property market, elevated occupier demand is expected to underpin a strong period of growth for the rest of 2017, according to latest research … Read more »

GMT’s Auckland Industrial Strategy Delivers $220.5m Profit

Press Release – Goodman Property Trust

The benefits of a high quality property portfolio and an investment strategy focused on the Auckland industrial market is delivering impressive financial results for Goodman Property Trust. Read more »

Infratil Results for year ended 31 March 2017

Press Release – Infratil

Infratil’s consolidated underlying EBITDAF from continuing operations was $519.5 million up 12.4% from the $462.1 million reported in 2016. Net parent surplus was $66.1 million compared to $438.3 million in the prior period which benefited from … Read more »

Employment market – “Salary Plus” was candidate focus in ’16

Press Release – Madison Recruitment

Strong demand for specialised skills during 2016 saw sought-after candidates looking for more than just higher pay, the Madison 2017 Employment Market Report shows. Read more »

Another Record Median Price as Volumes Ease

Press Release – Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 220 fewer lifestyle property sales (-9.3%) for the three months ended April 2017 than for the three months ended April 2016. Overall, there were 2,156 lifestyle … Read more »

Rural Market Maintains Autumn Momentum

Press Release – Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 66 more farm sales (+16.2%) for the three months ended April 2017 than for the three months ended April 2016. Overall, there were 473 farm sales in the three months … Read more »

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