Property
Explore the latest property news by BusinessDesk.
Infrastructure
Summerset beats guidance but village values written down
Summerset's first-half profit slumped due to write-downs, but its underlying result came in at the top end of the company's guidance.
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Coronavirus
Auckland property sales spiked before latest lockdown
Auckland buyers led another assault on the housing market in July, with total property sales spiking 30 percent from a year earlier, and the rest of the country following suit with almost a quarter more houses changing hands. The latest Real Estate Institute of New Zealand fig...
Services
No plans to list on ASX, but Ryman may ask shareholders to reinvest divs
Ryman Healthcare is keen on pursuing growth across the Tasman but isn’t considering listing there, although it is mulling over whether to suggest shareholders might like to reinvest their dividends. That would be the first time Ryman has taken any money from shareholders since...
Covid property rerating hits Precinct earnings
Pandemic related devaluations of its Auckland CBD portfolio have hit the financial health of Precinct Properties, with net profit down 81.6 percent at $35.1 million for the year ended June , from $190.4 million last year. But income was up for the inner-city A-grade office spe...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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