Property
Explore the latest property news by BusinessDesk.
Infrastructure
Synlait receives cease and desist letter regarding Pokeno plant
By Rebecca Howard May 21 (BusinessDesk) - Synalit Milk has received a cease and desist letter regarding its Pokeno land but believes a practical solution is attainable. Synlait has begun building a second nutritional powder manufacturing site that had been set to be commis...
UPDATE: Kiwi Property lifts annual profit 15% as valuations rise
(Updates with further details from par 8) By Jenny Ruth May 20 (BusinessDesk) - Kiwi Property Group says annual net profit rose 15 percent, driven mainly by the rising values of its properties. Kiwi’s net profit for the year ended March rose to $138.1 million from $120.1...
Finance
Goodman NZ collects first performance fee in 10 years
By Jenny Ruth May 16 (BusinessDesk) - Goodman Property Trust’s manager is pocketing an $8.6 million performance fee for the year ended March, the first time Goodman NZ has earned a performance fee in 10 years. That suggests the trust has performed particularly well for inve...
Services
Goodman Property profit jumps 64.7% on valuation and development gains
By Jenny Ruth May 15 (BusinessDesk) - Goodman Property Trust lifted annual statutory net profit 64.7 percent, boosted by big valuation gains and as its manager sold assets and developed new ones to create a pure Auckland industrial property portfolio. Net profit attributabl...
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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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