Sponsored by
mansons TCLM

Police sitting on empty properties worth millions

Brent Melville
Wed, 17 Mar 2021

Police sitting on empty properties worth millions
One of the vacant police properties, valued at $2.5 million, at 56 St Heliers Bay Rd.
Brent Melville
Wed, 17 Mar 2021
The New Zealand Police says it has no plans to sell its vacant properties despite the ongoing housing crisis.The housing issues, driven by frenzied investor and first home buying on the back of record low-interest rates, as well as thousands of Kiwis returning home since the covid pandemic, have highlighted the lack of available housing stock.Meanwhile, the NZ Police, which last year reported a property portfolio valued at just north of $600 million across 487 owned and 79 leased sites, is currently sitting on nine shuttered buildings...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Market close
NZ shares slide on recession risk
Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

BitPrime calls on crypto community for cash
Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run. 

Tracksuit a good fit for brand tracking
Ben Moore | Tue, 17 May 2022

Startup Tracksuit is simplifying brand tracking as digital marketing faces the death of online tracking.

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.