Turning tower into a sustainability leader – waste of money

Press Release – Cameron Brewer

Auckland Councils purchase of the ASB Tower arguably made some economic sense long-term, but retrofitting this 1990s glass high-rise to become some kind of modern-day sustainability leader is completely unnecessary and unwarranted. In fact its just … Read more »

National MarketWatch Analysis December 2014

Press Release – Harcourts

There is a sense of urgency in the residential property market with written sales up markedly from this time last year in all regions except Christchurch. Buyers recognise that now is the best time to buy. Read more »

Consent Marks New Stage for Ravenswood Village

Press Release – Infinity Investment Group Holdings

One of North Canterburys largest residential communities has reached a new stage in its development. Read more »

Goodman sells Enterprise Park in Wiri for $53.2 million

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Goodman Property Trust, New Zealand’s largest listed property investor by market value, has sold Enterprise Park in Wiri for $53.2 million to an undisclosed buyer. Read more »

Tower talks down impact of Supreme Court valuation ruling

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Tower, the insurer which sold its health, life, and investment units to focus on general insurance, has talked down yesterday’s Supreme Court ruling on how to value the replacement costs of a house, saying it doesn’t expect a material … Read more »

Results of Special Meeting relating to Corporatisation

Press Release – Kiwi Income Property Trust

Kiwi Income Property Trust is pleased to announce that Unit Holders today overwhelmingly approved resolutions to effect the corporatisation of the Trust. Read more »

Property rents plateau in November

Press Release – Trade Me Property

The median national rent was unchanged at $400 per week in November, but is up more than 5 per cent since November 2013, according to the Trade Me Property Rental Index out today. Read more »

KIP unitholders overwhelmingly approve corporatisation

Article – BusinessDesk

Dec. 15 (BusinessDesk) – Kiwi Income Property Trust unitholders have overwhelmingly voted in favour of corporatisation, completing a year-long transformation that saw the property trust taking management in house by buying out Commonwealth Bank of … Read more »

CRV Ambreed opens new bovine semen facility

Press Release – CRV Ambreed

Primary Industries Minister Hon. Nathan Guy officially opened CRV Ambreeds new world-class domestic and export-approved bovine semen production and logistics centre today. Read more »

Council to progress with flood mitigation work

Press Release – Christchurch City Council

Council to progress with flood mitigation work while it considers proposed and alternative options for Dudley Creek Read more »

Precinct sets interest rate on $75M of bonds at 5.54%

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Precinct Properties New Zealand, which has increasingly been focusing on Auckland office space, has set the interest rate for its $75 million bond issue, which it will use to repay bank debt. Read more »

Precinct sets interest rate on $75M of bonds at 5.54%

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Precinct Properties New Zealand, which has increasingly been focusing on Auckland office space, has set the interest rate for its $75 million bond issue, which it will use to repay bank debt. Read more »

Growing tourism infrastructure spurs sale of lakeside lodge

Press Release – Bayleys

The only four-star Qualmark rated lodge on Northlands west coast has been placed on the market for sale ahead of a sizeable growth in tourist numbers visiting the region. Read more »

Using land for housing inquiry – submissions deadline 22 Dec

Press Release – Productivity Commission

The Government has asked the Productivity Commission to inquire into ways to improve planning and development systems in order to deliver an adequate supply of land for housing, especially in our growing cities. Read more »

Distribution Reinvestment Plan price set at $1.1905

Press Release – Kiwi Income Property Trust

Kiwi Income Property Trust advises that the price for the Distribution Reinvestment Plan (DRP) operating in respect of the interim distribution payable on Tuesday, 16 December 2014 is $1.1905 per unit. The price represents a 2% discount to the volume … Read more »

High end of housing market hot in Hamilton

Press Release – Lodge Real Estate

Hamilton, New Zealand Lodge Real Estates managing director, Jeremy ORourke, said today that Hamiltons residential housing market has experienced five months of steady growth. He says this is the citys strongest growth trend since early … Read more »

Signs Christchurch market cooling

Press Release – Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employments latest housing and construction report shows signs that the Christchurch housing market may be slowing. Read more »

Northern Region MarketWatch (December)

Press Release – Harcourts

Residential data from New Zealands largest real estate group, Harcourts for the month of November shows written sales were up 25% compared to last year. Buyers understand that now is the best time to buy and Harcourts is not expecting any significant drop … Read more »

New trade expo: Facilities Integrate 2015

Press Release – Facilities Integrate

A new trade show bringing together the NZ facilities management and system integration industries will provide a unique platform for companies to fuel growth, boost sales and network with peers within this highly innovative sector. Read more »

Transparency on foreign buyers register needed

Press Release – New Zealand Labour Party

News that Overseas Investment Office officials have been working on a register of foreign buyers of New Zealand homes is a welcome surprise, but Land Information Minister Louise Upston now needs to be clear on the details of the project, Labours Land … Read more »

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