The ‘huge, huge’ Wellington property deal no one is talking about

The ‘huge, huge’ Wellington property deal no one is talking about
Lyall Bay is a suburb on the south side of Rongotai in Wellington. (Image: Mark Mitchell)
Gregor Thompson
A significant slice of leasehold land next to Wellington Airport has apparently been sold, and rumours are rife about who the buyer is.“I know things, I’m not telling,” Wellington Mayor Tory Whanau told NewstalkZB on Monday when talkback host Nick Mills asked her whether she’d heard about “a huge, huge business deal going down in the eastern suburbs”.A source familiar with the sale, who wanted to remain anonymous, said the site comprises almost an entire block of Wellington Airport leasehold land in Lyal...

More Retail

Hallenstein Glasson forecasts solid lift in FY net profit
Retail

Hallenstein Glasson forecasts solid lift in FY net profit

Firm expects improving performance across major performance metrics.

Gregor Thompson 05 Sep 2024
Supermarkets are sitting ducks for regulation
Retail Free

Pattrick Smellie: Supermarkets are sitting ducks for regulation

The big supermarket operators have a long way to go to be highly competitive.

Pattrick Smellie 05 Sep 2024
Grocery sector set for regulatory shake-up after ComCom report
Retail

Grocery sector set for regulatory shake-up after ComCom report

The inaugural Annual Grocery Report paints a ‘concerning picture’. 

Gregor Thompson 04 Sep 2024
Michael Hill Jewellers profit down 101%, NZ retail crime impacts result
Retail

Michael Hill Jewellers profit down 101%, NZ retail crime impacts result

Michael Hill Jewellers’ performance has declined for 2023, following a tough year of retail pressures and crime for its New Zealand arm.The group reported a 4.2% increase in revenue, up to A$644 million (NZ$6397.2m), thanks to continued performance in Australia and Canada and the...

Staff reporters 02 Sep 2024