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Three consortia short-listed to take over 2500 Chch Housing NZ properties
By Paul McBeth June 20 (BusinessDesk) - Three consortia consisting of community housing providers and private investors have been short-listed to buy 2,500 Housing New Zealand properties in Christchurch. Finance Minister Steven Joyce and Housing NZ Minister Amy Adams today...

SBS Bank boosts annual profit 37% as lender beefs up exposure to Auckland property investors
By Paul McBeth June 20 (BusinessDesk) - SBS Bank, the country's biggest building society, boosted annual profit 37 percent as the licensed lender ramped up lending in Auckland and to residential property investors, while low interest rates trimmed its retail borrowing costs. ...

Judge orders liquidation of company tied to Ngatata Love
By Rebecca Howard June 20 (BusinessDesk) - Associate Judge Warwick Smith today ordered the liquidation of Pipitea Street Development Limited (PSDL), a company linked to the fraud case involving Ngatata Love, in Wellington's High Court at the request of Inland Revenue. Treat...