Property Press to close after 45 years

Property Press published roughly 14 million copies a year across New Zealand. (Image: Property Press)

Mon, 01 May 2023

Real estate title Property Press will close this week after 45 years in print, becoming the latest casualty in the ailing magazine sector.The property magazine, founded in 1978, will shut after sending its final issues to print in the coming days, sources told BusinessDesk.Australian private equity group Mercury Capital acquired Property Press in 2020 after former owner Bauer Media pulled the plug on its New Zealand titles during the height of the covid-19 pandemic. Mercury’s print business, Blue Star, took control of the magazine, o...

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