Lateral Corp goes private

Article – BusinessDesk

Dec. 30 (BusinessDesk) – NZAX-listed mobile payments company Lateral Corp is the vehicle for a backdoor listing in a $3.2 million deal with property developer Golden Tower NZ. Read more »

ASX 200 defies offshore nerves

Article – CMC Markets

The local market has continued this weeks trend by outperforming international markets this morning. Read more »

IAONZ encourages landlords to be pro-active

Press Release – Insulation Association of NZ

The Insulation Association of New Zealand (IAONZ) is encouraging all landlords to start having their insulation requirements assessed and installed now to comply with the Residential Tenancy Act amendments before the 2017 winter rush arrives. Read more »

Top 10 market predictions for 2017

Press Release – Colliers International

Some of this will be due to better than forecast employment figures and export opportunities, but also due to rebuild requirements from the latest series of earthquake damages. Early estimates suggest around $2 billion to $5 billion will need to be spent … Read more »

Stride Property boss Peter Alexander to depart in March

Article – BusinessDesk

Dec. 20 (BusinessDesk) – Stride Property Group chief executive Peter Alexander will leave the property investor at the end of March, having rebranded the old DNZ Property Fund and overhauled its structure. Read more »

St Heliers beckons for Harcourts JK Realty Group

Press Release – Harcourts

2017 will be an exciting year of growth for Harcourts JK Realty Group, with expansion of the Mt Albert-based franchise into St Heliers. Read more »

Workplace Report for 2016

Press Release – Colliers International

This biennial report (last produced 2014) analyses workplace and occupational trends in main centres across New Zealand. Read more »

Escrow Holdings Forty-One Ltd v District Court at Auckland

Press Release – NZ Supreme Court

In 1987, the Auckland City Council (the Council) granted the then-owner of a site on Hargreaves Street in College Hill, Auckland, consent to subdivide the property into three lots: Lots 1, 2 and 3. In 1988 a subsequent owner, who had acquired a … Read more »

Real estate agency to pay $1 million for price fixing

Press Release – Commerce Commission

Hamilton real estate agency Lugtons Limited has been ordered to pay a penalty of $1 million following a penalty hearing in the Auckland High Court on Friday 16 December. Read more »

McLennan – investors need not apply

Press Release – Barfoot and Thompson

McLennan investors need not apply Buying off the plans is a good option for prospective home buyers, but the sale price of a house within a development should not be taken at face-value alone. There is important due diligence buyers must do. … Read more »

Leaders Real Estate Wairarapa rebrand with Ray White

Press Release – Make Lemonade

The Ray White Group is proud to welcome leading Wairarapa Real Estate identities Brad Chittick and Marty Berry as part of the Leaders Real Estate group who are rebranding to Ray White this week. The balance of the Leaders network will join over the next … Read more »

Real estate firms to pay $9.8M for price fixing

Article – BusinessDesk

Real estate firms Barfoot, Harcourts, LJ Hooker, Ray White to pay $9.8M for price fixing Read more »

Local knowledge key part of Waikanae to Waipaoa land use

Press Release – Gisborne District Council

Following the success of the Oneroa walk and cycleway, Council have engaged Isthmus Group to conduct studies to determine options for the best use of land from Waikanae Stream-mouth to the Waipaoa River-mouth. Read more »

Real estate agencies to pay penalties for price fixing

Press Release – Commerce Commission

The head offices of Barfoot & Thompson, Harcourts, LJ Hooker and Ray White will collectively pay $9.825 million following a price fixing penalty hearing in the Auckland High Court. Read more »

Safety Issues – Urgent Work on Earthquake-Damaged Shed 35

Press Release – CentrePort

CentrePort will start urgent work to contain asbestos on the roof of Shed 35 a vacant cargo store severely damaged in the 7.8 magnitude earthquake on 14th November. Read more »

Optimism Tinged with Caution

Press Release – Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 31 more farm sales (+7.4%) for the three months ended November 2016 than for the three months ended November 2015. Overall, there were 447 farm sales in the three … Read more »

Prices Continue to Firm Through Spring

Press Release – Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (REINZ) shows there were five more lifestyle property sales (+0.2%) for the three months ended November 2016 than for the three months ended November 2015. Overall, there were 2,205 lifestyle … Read more »

Kiwi Property/NPT deal gives scope for Sylvia Park

Article – BusinessDesk

Auckland-based NPT had been in a battle with major shareholder Augusta Capital, with Augusta seeking to take control of NPT’s board and for NPT to buy three buildings for $329 million. That dispute had been wending its way through the courts because … Read more »

Cautious Thumbs Up To New Earthquake Claim Arrangements

Press Release – Dean Lester

An insurance advocate who has worked with hundreds of Canterbury Earthquake insurance claimants says having homeowners dealing with their insurance company to resolve their house claim and not EQC, is a positive change however sounds a word of warning. Read more »

Russell McVeagh Advises on Purchase of NZ Property Portfolio

Press Release – Russell McVeagh

Public Sector Pension Investment Board of Canada (PSPIB) has agreed to sell 50% of the shares in PSPIB its wholly owned subsidiary, Waiheke Inc, to Canada Pension Plan Investment Board. PSPIB Waiheke owns a portfolio of commercial and retail property … Read more »

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