Property
Explore the latest property news by BusinessDesk.
Policy
Colliers defends KiwiBuild as 'far from a colossal failure'
By Jenny Ruth Sept. 20 (BusinessDesk) - KiwiBuild is "far from the colossal failure its political opponents have portrayed it to be," says prominent real estate agent Colliers. Its residential projects director, Pete Evans, says the construction industry needed time to adju...
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Fletcher seeks urgent talks on Ihumatao stalemate
By Pattrick Smellie Sept. 19 (BusinessDesk) - Fletcher Building is "disappointed" no resolution emerged from talks brokered by the Kingitanga on the future of the company's delayed housing development at Ihumatao. The process has effectively delivered a setback for the 480-...
Finance
UPDATE: Goodman opts for underwritten $150m placement to raise capital
(Updates with CEO comments on placement from eighth paragraph.) By Jenny Ruth Sept. 18 (BusinessDesk) - Goodman Property Trust's manager says it will raise up to $175 million from a $150 million placement to institutions and up to $25 million in a retail offer to existing u...
Goodman trust spec builds warehouses in constrained market
By Jenny Ruth Sept. 18 (BusinessDesk) - Goodman Property Trust's up to $175 million capital raising will place it below targeted gearing in a market where demand, property valuations and rents are rising but supply is constrained. With the trust's own completed portfolio pr...
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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