ComCom declines Vero/Tower merger
By Pattrick Smellie The Commerce Commission is signalling a high tide mark for mergers in the general insurance market, turning down an application by the second and third largest providers of house, contents and vehicle cover, Vero New Zealand and Tower. Owned by Brisbane-...
Caniwi commits another $26m to property portfolio
By Pattrick Smellie July 24 (BusinessDesk) - Wellington-based investment group Caniwi Capital has spent $26 million in two regional commercial property plays: $21 million for a specialist cool store in the so-called 'Golden Triangle between Auckland, Hamilton and Tauranga, and...
Deluge misses southern hydro lakes
By Pattrick Smellie July 24 (BusinessDesk) - Last weekend may have been Oamaru's wettest since daily rainfall records began in 1950, but the deluge that hit eastern coastal parts of the South Island over the weekend all but missed the southern hydro lakes, which remain at crit...
Govt embraces targeted rates to spur urban infrastructure for housing
By Pattrick Smellie July 23 (BusinessDesk) - The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund...
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