CBRE covid view change boosts Oceania's net profit 67%

CBRE covid view change boosts Oceania's net profit 67%
Jenny Ruth
Oceania Healthcare's first-half net profit jumped 67 percent after changes in its valuer's assumptions boosted the value of its properties.The aged care provider's net profit for the six months ended November jumped to $24.8 million from $14.9 million in the same six months of 2019. The value of its properties jumped by $26.7 million, compared with the previous first-half's $11.4 million gain.The valuer, CBRE, conducts the vast majority of valuations in the retirement village sector. It has changed its view of the impact of the...

More Property

Govt to ‘flood’ cities with more housing by liberalising planning rules
Property

Govt to ‘flood’ cities with more housing by liberalising planning rules

Housing Minister Chris Bishop will on Thursday unveil the Government’s plan to “flood the market’ with land for development in a bid to end New Zealand’s housing crisis.Bishop will use a speech to the Real Estate Institute of New Zealand today to announce a slew of changes to NZ’...

Staff reporters 04 Jul 2024
Anglicans get permission to demolish Parnell lodge
Property

Anglicans get permission to demolish Parnell lodge

The property is across the road from one of the most luxurious developments in NZ.

Oliver Lewis 04 Jul 2024
Property operator will negotiate with Italian restaurateur
Property

Property operator will negotiate with Italian restaurateur

Stride's CEO says the landlord won't be silly over a lease dispute with Portofino.

Maria Slade 03 Jul 2024
Death of Fiji plot accused leaves Karaka subdivision up in the air
Property

Death of Fiji plot accused leaves Karaka subdivision up in the air

Records for the project company are nowhere to be found after Ballu Khan's passing.

Maria Slade 03 Jul 2024