Property
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Property
New strategy sees profit jump for PFI
A refined focus on industrial property is paying off for Property for Industry, lifting annual profit 60 percent in the first year of a refreshed strategy. The property investor reported a net profit of $176.3 million in calendar 2019, up from $110.1 million in 2018. Net rent...
Property
Augusta to delay tourism fund, annual AFFO to fall up to 45%
Augusta Capital said it has decided to defer the launch of its tourism fund until the 2021 financial year and therefore its adjusted funds from operations for the year ending March may be as much as 45 percent lower than the previous year."Augusta now expects adjusted funds from...
Property
US billionaire Julian Robertson seeks consent for Waiheke lodge
US billionaire Julian Robertson’s plans for a luxury lodge on Auckland’s Waiheke are being assessed by Auckland Council after his representatives applied for resource consent before Christmas. The application was lodged just before the Dec. 31, 2019 deadline set by the Overseas I...
Property
Record Auckland building consents may be peak, say economists
A record number of new building consents in Auckland is making progress against the city’s housing shortage, but economists warn construction may be reaching its peak.StatsNZ figures today show 37,538 new homes were consented in calendar 2019, the highest annual number since 1974...
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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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