Property
Explore the latest property news by BusinessDesk.
No fear and loathing in the housing market
Conditions in the housing market are nowhere near as dire as many predicted when New Zealand went into lockdown in March and now a net 34 percent of real estate agents say house prices are rising, up from 18 percent in June. Economist Tony Alexander's survey of 647 real estate...
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Metlife investors expect more from Swedish suitor
At least some of Metlifecare's institutional shareholders are opposed to the board accepting the non-binding $6 per share offer from Sweden's EQT. The new offer is well below EQT's first bid of $6.50 per share and the $7 offer Metlifecare's board parlayed EQT up too before the...
Editor's Picks
Auckland office market starting to show stress fractures
Cracks are starting to appear in the Auckland commercial property market, with more than 148,000 square metres of planned city office developments parked for now. What's more, vacancy rates in the country's largest city were likely to ramp up as the recession takes hold, and a...
Primary Sector
Cavalier selling property to finance wool strategy
Plans to sell and lease back its portfolio of properties are part of a range of opportunities to raise funds for Cavalier Corp's natural fibre strategy, said chief executive Paul Alston. Alston told BusinessDesk that listing the firm's three industrial sites, located in Auckla...
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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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articles by Oliver