Property
Explore the latest property news by BusinessDesk.
Finance
Fletcher negotiates easier bank covenants but says it doesn't need them yet
Fletcher Building said it has negotiated easier covenants through to the end of 2021 with its bankers in case they become necessary as the company navigates through the coronavirus crisis. But if it does need the easier covenants, Fletcher has agreed not to pay a dividend unti...
Retail
PM to open Precinct's $1b Commercial Bay
Precinct Properties chief executive Scott Pritchard is surprisingly relaxed considering the frenetic level of activity around him in the lead up to the launch of its long-awaited, $1 billion Commercial Bay precinct on Auckland’s waterfront. Prime Minister Jacinda Ardern will atte...
Coronavirus
Kiwi's retail and Goodman's industrial properties diverge
Listed property stocks tend to track in much the same direction but the covid-19 crisis has opened up a yawning chasm between Kiwi Property Group shares and Goodman Property Trust units, respectively the best and worst performers in the sector on the NZX. Forsyth Barr analyst...
Services
Metlifecare’s modest development may be boon in recession
Metlifecare’s relatively modest development plans may help insulate the retirement village operator against the worst of the recession, according to an independent assessment. The company is seeking shareholder support at a special meeting on July 10 to continue with litigatio...
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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