Property
Explore the latest property news by BusinessDesk.
Services
Retirement home operator Arvida reports strong FY19 earnings lift
By Pattrick Smellie May 28 (BusinessDesk) - Arvida Group is reporting a 17 percent increase in underlying profit after tax of $38.6 million for the year to March 31, citing new retirement villages acquired in previous years and higher resales of vacated units at higher margins...
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Policy
Southbase makes shareholder support public
By Jenny Ruth May 27 (BusinessDesk) - It’s no secret the construction industry is troubled, despite the ongoing boom. Building owners, often the government in one shape or form, have shifted more risk onto construction companies, turning already razor-thin profit margins into...
Policy
OceanaGold less confident in regulatory regime
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 rejection of its planned 178-hectare purchase – due to a split decision between...
Listed Companies
Argosy annual profit climbs 36% on revaluation gains, pays slightly bigger dividend
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 dividend than expected. Net profit rose to $133.7 million in the 12 months ended...
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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