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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...
Property
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Property sales and auctions 'still firing' despite covid constraints
Barfoot & Thompson's auction houses had 35 auctions slated for today, 22 of those scheduled to go ahead this afternoon under strict virtual bidding conditions.
Property
ANALYSIS: Fletcher running at near pre-covid levels but expects deterioration
Fletcher Building had a "solid" July and is currently operating at 90 percent to 95 percent of pre-covid levels. But trading is likely to deteriorate as government subsidies roll off and job losses mount, chief executive Ross Taylor said. "We expect that to worsen through t...
Property
Office vacancies more pronounced at 'fringe' - JLL
Rising vacancies and lower rental levels among 'fringe' CBD buildings shows the greater impact of the covid-19 pandemic on smaller tenants.
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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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