Property

Explore the latest property news by BusinessDesk. 
Supreme Court upholds ruling on Hamilton realtor collusion
Property

Supreme Court upholds ruling on Hamilton realtor collusion

The Supreme Court has upheld a ruling that a group of Hamilton realtors colluded to pass on a hike in Trade Me’s property listing fees.The Lodge and Monarch agencies and their respective directors Jeremy O’Rourke and Brian King were the hold-outs in a 2015 case brought by the ant...

Paul McBeth 02 Apr 2020
Investors shoot down Vital Healthcare restructure and ASX listing
Property

Investors shoot down Vital Healthcare restructure and ASX listing

The proposal to restructure Vital Healthcare Property Trust and list it on ASX has been shot down by unitholders, although they will still have to wear the estimated $8 million cost. Of those voting, 33.8 percent voted against. BusinessDesk understands the three institutional...

Jenny Ruth 02 Apr 2020
Fletcher asks staff to take up to a 70% wage cut
Property

Fletcher asks staff to take up to a 70% wage cut

Fletcher Building is asking staff in New Zealand who aren't working through the nation's shutdown to take a progressive paycut over the next 12 weeks starting at 20 percent for the first four weeks and reaching 70 percent for the final three weeks. Senior executives who will w...

Jenny Ruth 02 Apr 2020
Innovation needed to speed infrastructure build - Binns
Property

Innovation needed to speed infrastructure build - Binns

Construction firms and asset owners are going to have to get creative if the country is to maintain a pipeline of work to help it navigate the economy through the post-covid-19 recession, Crown Infrastructure Partners chair Mark Binns says.There is no shortage of potential projec...

Gavin Evans 01 Apr 2020