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Property
Property values hit nationwide record as slowdown looms
New Zealand property values have reached record highs across all regions, although the coronavirus outbreak is set to stymie growth. Kiwibank senior economist Jeremy Couchman described the housing market as a “bright spot amongst the gloom” but warned covid-19 was likely to dim...
Property
Asset Plus to raise $100m, undeterred by market ructions
Asset Plus looked through heightened market volatility and pressed ahead with plans to raise $100 million.The company said yesterday it would sell shares at 50 cents apiece in an underwritten 1.235-for-1 pro rata rights offer to help fund two developments that would overhaul its...
Property
Jenny Ruth: JENNY RUTH: Leopards, spots and how a Vital benefit may be a hurt
Can a leopard change its spots? It appears not in the case of Vital Healthcare Property Trust's manager, Canada-based NorthWest Healthcare Properties Real Estate Investment Trust.NorthWest very much wants to restructure Vital and to list its units on ASX and it's easy to see why:...
Property
Super Fund, Russell Property to buy 250 ha Auckland site
The $45 billion NZ Super Fund has joined forces with parties associated with the Russell Property Group to buy a 250-hectare waterfront holding in east Auckland – including Formosa Golf Course land - but no price was disclosed.There are no immediate plans to develop the land, wh...
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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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