Property

By Gavin Evans | Thu, 23 May 2019

By Gavin Evans May 23 (BusinessDesk) - OceanaGold says the surprise rejection of a land purchase for a new tailings facility has reduced its confidence in this country’s regulatory settings. The...

By Paul McBeth | Wed, 22 May 2019

By Paul McBeth May 23 (BusinessDesk) - Argosy Property lifted annual profit 36 percent as it benefited from a sharp increase in the value of its property portfolio, and paid a slightly bigger divid...

By Rebecca Howard | Wed, 22 May 2019

By Rebecca Howard May 22 (BusinessDesk) - New Zealand's loan-to-value ratio restrictions have been effective in improving financial stability but the policy comes with drawbacks, says the Reserve B...

By Jenny Ruth | Tue, 21 May 2019

By Jenny Ruth May 22 (BusinessDesk) - Westpac is expecting house price inflation to take off again thanks to the government’s decision to scrap plans for a capital gains tax and falling mortgage ra...

By Rebecca Howard | Mon, 20 May 2019

By Rebecca Howard May 21 (BusinessDesk) - Synalit Milk has received a cease and desist letter regarding its Pokeno land but believes a practical solution is attainable.  Synlait has begun buildi...

By Jenny Ruth | Sun, 19 May 2019

(Updates with further details from par 8) By Jenny Ruth May 20 (BusinessDesk) - Kiwi Property Group says annual net profit rose 15 percent, driven mainly by the rising values of its properties....

By Jenny Ruth | Wed, 15 May 2019

By Jenny Ruth May 16 (BusinessDesk) - Goodman Property Trust’s manager is pocketing an $8.6 million performance fee for the year ended March, the first time Goodman NZ has earned a performance fee...

By Jenny Ruth | Tue, 14 May 2019

By Jenny Ruth May 15 (BusinessDesk) - Goodman Property Trust lifted annual statutory net profit 64.7 percent, boosted by big valuation gains and as its manager sold assets and developed new ones to...

By Jenny Ruth | Tue, 14 May 2019

(Updates with comment and further details from 4th par) By Jenny Ruth May 14 (BusinessDesk) - The decline in Auckland house prices is starting to accelerate as the number of house sales plummet,...

By Gavin Evans | Mon, 13 May 2019

By Gavin Evans May 14 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell its second-largest property as it rejigs its portfolio. Puketota...

By Jenny Ruth | Fri, 10 May 2019

(Updates throughout to add further comments from Synlait and from the Court of Appeal judgment.) By Jenny Ruth May 10 (BusinessDesk) - Synlait Milk says it is confident it can find a solution to...

By Pattrick Smellie | Thu, 09 May 2019

By Pattrick Smellie May 9 (BusinessDesk) - Prime Minister Jacinda Ardern added further weight to speculation that the government is preparing to shift the goalposts on its KiwiBuild initiative to b...