NZ new vehicle sales rise in July, headed for third straight annual record
By Tina Morrison Aug. 3 (BusinessDesk) - New Zealand new vehicle sales rose in July, with continued monthly gains signalling a new annual record may be set this year. Registrations of new vehicles rose 12 percent to 11,570 in July from the year earlier month, according to t...
Infratil teams up with Aussie fund for 30-year student accommodation contract
By Tina Morrison Aug. 3 (BusinessDesk) - Infratil and Commonwealth Superannuation Corp have paid A$82.5 million for the 30-year contract to manage nine on-campus purpose-built student accommodation (PBSA) residences for Australian National University in the Australian capital...
NZ home values rise at fastest quarterly pace in 12 years
By Tina Morrison Aug. 2 (BusinessDesk) - New Zealand residential property values rose at the fastest quarterly rate in 12 years, with the national average value of a house now topping $600,000. That's a 6.1 percent in the three months through July to $602,434, marking the f...
RESEND: NZ Shareholders Association wants to reduce Robinson influence on Rakon
(Fixes number of directors in third paragraph.) By Tina Morrison Aug. 1 (BusinessDesk) - The New Zealand Shareholders Association wants to reduce the influence of Rakon's founding Robinson family on the listed high-tech components manufacturer, to improve its performance....
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