Allan Gray questions Fletcher Building's residential sale plans

Allan Gray questions Fletcher Building's residential sale plans
An analyst says Fletcher residential business fits with the global property investment theme of “beds, sheds and meds”. (Image: Fletcher Building)
Rebecca Stevenson
Fletcher Building’s largest shareholder, Allan Gray, is concerned that the building giant may not be able to get a reasonable price for its residential arm. The dual-listed building conglomerate announced in August that it would seek external investment in its residential and development business and said it intended to retain a material stake. Allan Gray analyst Sudhir Kissun said there was strategic value in Fletcher Building bringing in a partner that specialised in property development, which could potentially generate more...

More Markets

ANZ heads to court as select committee splits active litigation
Finance

ANZ heads to court as select committee splits active litigation

ANZ NZ consumer-finance case rumbles on as $300m settlement still on offer.

NZ sharemarket up 0.4% despite inflation report
Markets Market Close

NZ sharemarket up 0.4% despite inflation report

The S&P/NZX 50 Index closed at 13,344.96, up 55.75 points or 0.42%.

Graham Skellern 20 Oct 2025
What Infratil likes about Contact Energy
Infrastructure

What Infratil likes about Contact Energy

Infratil is keeping its options open, while TECT diversifies.

Disclosure breaches Class action against ANZ NZ continues
Finance

Disclosure breaches Class action against ANZ NZ continues

It comes as retrospective law tweaks fail to give relief.

Andy Macdonald 20 Oct 2025