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Quattro RE puts A$431 million NZ property portfolio float plans on hold
By Suze Metherell Oct. 20 (BusinessDesk) - Quattro RE, an Australian asset management company, has paused its plans to list a New Zealand portfolio of six properties valued at A$431 million on the ASX blaming global stock market volatility. The Sydney-based company was look...
NZ services sector still buoyant in September, pointing to above-average growth
By Paul McBeth Oct. 20 (BusinessDesk) - New Zealand service sector activity expanded at a slightly quicker pace in September than a month earlier, and alongside its sister manufacturing survey continues to point to above-average economic growth. The BNZ-BusinessNZ performan...
Downer buys Tenix utilities business for A$300 mln
By Paul McBeth Oct. 20 (BusinessDesk) - Downer EDI, the infrastructure, mining and rail building firm, has bought trans-Tasman utilities business Tenix Holdings Australia for A$300 million, which it expects will boost earnings from the first year of ownership. Sydney-based...
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