ELECTION 2020: Are covid and cannabis putting us on a highway to hell?
Election 2020

ELECTION 2020: Are covid and cannabis putting us on a highway to hell?

For New Zealand's $6 billion road freight industry it's all about covid-19 recovery and cannabis - and it wants a clear road ahead for both. In the latest industry election 'manifesto', the Road Transport Forum said the industry wants a "clearer view" of the economic recovery...

Brent Melville 27 Aug 2020
Half of subsidised jobs could go by Xmas - NZIER
Economy

Half of subsidised jobs could go by Xmas - NZIER

The persistence of covid-19 and its economic impact could see about half the 482,000 jobs supported by the wage subsidy scheme lost by Christmas and unemployment reach 7 percent, the New Zealand Institute of Economic Research says. In its latest quarterly outlook, the institut...

Brent Melville 26 Aug 2020
Air NZ to sublet 'premium business class' waterfront offices as cuts bite
Property

Air NZ to sublet 'premium business class' waterfront offices as cuts bite

It’s premium business class all the way for potential tenants looking to upgrade to as much as 5,000 sqm of prime office space on Auckland’s waterfront.  Air New Zealand are looking to sublet as much as a third of their swanky, 15,240 sqm ‘hub’, in the Wynyard Quarter, as it l...

Brent Melville 26 Aug 2020
Covid knocks $150m off Westfield's NZ mall values
Retail

Covid knocks $150m off Westfield's NZ mall values

The covid-19 pandemic took a $150 million bite out of Westfield's five New Zealand malls over the past six months, in a period where its parent, ASX-listed Scentre Group, lost A$3.6 billion on the reduced valuation of its property portfolio. Scentre Group holds a 51 percent in...

Brent Melville 25 Aug 2020