Infrastructure

Auckland Council to up asset sale target to $244m

Brent Melville
Mon, 14 Sep 2020

Auckland Council to up asset sale target to $244m
Brent Melville
Mon, 14 Sep 2020
Auckland Council is targeting $244 million from its asset sale programme and is also considering selling development ‘airspace’ at nine of the city’s park and ride facilities to help dig its way out of a $450 million covid-related income hole. Finance and performance committee councillors are this week expected to sign off on what looks like a $220 million increase in asset sales for the current financial year, from $24 million of sales outlined in the council's 10-year budget. A total of 79 ratepayer-owned properties, valued at $136 mill...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion FREE
Brian Gaynor: a personal obituary
Pattrick Smellie | Mon, 16 May 2022

One of NZ's investment market legends, Brian Gaynor, has died. BusinessDesk managing editor Pattrick Smellie remembers a career-long contact who became a late-career mentor.

Infrastructure
Steel & Tube annual operating profit to be up more than 69%
Jenny Ruth | Mon, 16 May 2022

While Steel & Tube's revenue was up 25% in the 10 months ended April on the same months a year earlier, volumes were up just 8%.

Markets FREE
Milford co-founder, BusinessDesk backer Brian Gaynor dies
Staff reporters | Mon, 16 May 2022

One of the greats of the NZ investment world, Brian Gaynor was instrumental in revitalising BusinessDesk.

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.