Property

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Fast-track urban development law introduced to Parliament
Policy

Fast-track urban development law introduced to Parliament

By Pattrick Smellie May 29 (BusinessDesk) - The first in a two-part legislative process to create a central government body with powers to fast-track urban infrastructure and housing development in cities where growth issues are acute has been introduced to Parliament. Hous...

Pattrick Smellie 29 May 2019
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Asset Plus profit gains on cheaper operating costs, interest bill

Asset Plus profit gains on cheaper operating costs, interest bill

By Paul McBeth May 29 (BusinessDesk) - Asset Plus lifted its annual profit as its external management contract with Augusta Capital and a smaller debt load helped cut costs.  The property investor is repositioning its portfolio under the new oversight of Augusta, with a vie...

Paul McBeth 29 May 2019
Business confidence a tad higher but residential construction a red flag
Economy

Business confidence a tad higher but residential construction a red flag

By Rebecca Howard May 29 (BusinessDesk) - Business confidence lifted slightly in May but was still in the doldrums, with residential construction intentions tumbling despite a capital gains tax being ruled out.  A net 32 percent of the 364 respondents to the ANZ business ou...

Rebecca Howard 29 May 2019
UPDATE: Precinct's Commercial Bay development faces more delays, higher costs
Infrastructure

UPDATE: Precinct's Commercial Bay development faces more delays, higher costs

(Adds comment from Fletcher Building in the 14th paragraph, updates share price in final paragraph)  By Rebecca Howard May 29 (BusinessDesk) - Precinct Properties New Zealand says its high profile Commercial Bay development being built by Fletcher Building will now take eve...

Rebecca Howard 28 May 2019


Oliver Lewis
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