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Property
New villages push Summerset sales to record
Summerset Group reported record quarterly sales as recently opened villages bolstered demand for newly built units while resales remained strong. The retirement village operator and developer sold 209 occupation rights in the December quarter, up from 193 a year earlier. Of that,...
Property
Auckland listings end lacklustre 2019 at four-year low
Property listings were at a four-year low at the end of 2019 in what realtor Barfoot & Thompson described as a stable year with fewer sales and flat prices.The city’s biggest realtor said it had 3,191 properties on its books at the end of December, down from 3,703 a month earlier...
Property
Fletcher: better year ahead after slight gain in 2019?
Fletcher Building shares ended calendar 2019 in positive territory for the first time in three years, gaining 4.3 percent.Last year's gain follows a 34.7 percent decline in 2018 and a 28.3 percent fall in 2017 after 2016's 50.6 percent gain.Fletcher shares began 2016 at $6.97, pe...
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Property
Arrow International liquidators receive $46m of claims
The liquidators of Arrow International are working through almost 500 claims from unsecured parties who say they’re owed about $46 million from the failed building company.BDO’s Andrew Bethell, Andrew McKay and Colin Gower said employee wages of $730,000 and a tax bill of $553,00...
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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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