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Property
Promisia turns to aged care in $31.3m backdoor listing
Promisia Integrative has thrown in the towel on its dietary supplements business and chosen to become a backdoor listing vehicle for four aged care facilities owned by its major shareholder. Promisia values the proposed transaction at about $31.3 million. "Shareholders will...
Property
House prices are accelerating again, even in Auckland
House price inflation continued to accelerate in November, but sales volume was down nearly 2 percent with the Real Estate Institute citing both lack of listings and a widening gap between what sellers are asking and what purchasers are prepared to pay.REINZ's national house pric...
Property
Fletcher wins dispute with former accountant
Fletcher Building has won a court case against a former employee who complained he was pressured to sign off accounts that weren’t accurate. Grant Johnston had been an accountant at the listed construction firm for almost 30 years when he resigned in May 2017. He brought an Emplo...
Property
Lack of listings drives higher house prices, sales in Auckland: Barfoot
Auckland's largest real estate agent says house sales and prices rose in November from both October and the same month in 2018, but that new listings were the lowest for a November month in 11 years.Barfoot & Thompson says it sold 960 homes last month, up 16.5 percent from Octobe...
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