Trading halt for Fletcher Building, $700m capital raise announced
Troubled business listed here and in Australia plans to tap investors for huge sum.
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Latest from Construction
Fletcher Building woes: ‘Emergency’ $700m capital raise rumours surface
Analysts on both sides of the Tasman have said Fletcher Building may need to raise cash.
Private Auckland hospital doubles in size: New $3m robot, extra beds, surgical expansion
Three new procedure rooms and space for 15 extra beds have opened.
Guilty plea in cartel case welcomed by Commerce Commission
Half the defendants in alleged construction cartel plead guilty.
Big win for ex-Hanover co-owner Mark Hotchin in property dispute
Lawsuit was against the vendor of a retail unit bought six years ago by Hotchin's company.
$3.6m liabilities: PwC report on Sportcraft boating businesses
Staff, Inland Revenue and many others are listed as being owed money by the two companies.
Eleven most important topics before picking a builder: G.J. Gardner chief
'In a challenging economy, it pays to ask a few challenging questions.'
Supreme Court rejects Beca appeal over demolished Wellington BNZ
Beca failed in the High Court and the Court of Appeal so took matters to Supreme Court.
Bedroom swelter: Too hot upstairs in new Auckland terraces, apartments
Free-standing fans, airconditioning units, ceiling fans and heat pumps go into bedrooms.
How Hawkins won giant $800m new Auckland Airport terminal contract
Downer-owned builder wins huge job, the largest private infrastructure job of its type.
Fourteen-level apartment block under $46m leak repairs
An owner of a two-bedroom unit wanted only $179,000: faced a massive $446,000 repair bill.
Electricity fault at Du Val-developed Manukau high-rise
Lakewood Plaza power outage being treated 'with the utmost of urgency',
Eight- to 10-year painting job for Auckland Harbour Bridge
Mayor Wayne Brown doesn't back a tunnel but a second bridge to cross the Waitematā.
NZ’s biggest house-builder G.J. Gardner planning 30% franchise growth
'If you’re in a really tough game, go on the attack.'
First Kmart, now $235m new funds for Mark Gunton's Westgate
Consortium money will allow the further expansion of Auckland's Westgate.
Westgate's traffic 'disaster': Owner to square off with council in court
Mark Gunton plans robust appeal to traffic decision.
Explained: Why would Kmart expand in this tough retail environment?
Boss from across the Tasman explains the reasoning behind Kmart's expansion here.
Colossal new Kmart for Auckland: Biggest NZ store planned
Vast new discounter to be built on greenfields site opposite Westgate Lifestyle Centre.
Property Insider: 'Terrific time to look at NZ' for $1.6b investor
Big investor says New Zealand has compelling opportunities.
Construction sector suspected suicides: 80 died last year, highest on record
Data from Coronial Services dating back to 2007 shows record 2023 suicide numbers.
Du Val's legal tsunami: eight court cases pending against businesses
Two advisers listed in a Du Val document told PwC they did not have any involvement.
A Du Val business valued at $431m? Receiver notes no independent valuation
No external valuation to show one entity was worth $431m, according to new PwC report.
Developer Shundi Customs vs builder China Construction in High Court over $300m Seascape
Dispute follows China Construction winning an August 2 tribunal adjudication.
New house-building business couldn't survive downturn: $8.9m liabilities
KPMG will now go about realising assets in an attempt to repay company debts.
'Improper' Covid cash claim: Ministry takes hotel building contractor to court
Issue over nearly $250,000 in pandemic-era wage subsidies.
Property Insider: Seascape adjudication decision awards $33m; Carrie Bradshaw index
Developer to pay builder China Construction New Zealand $33m.
'We can't sleep': Couple fear for future, loan on Du Val unit axed
Meanwhile, a decision on media access to court and receivership files has been reserved.
Du Val downfall: From champagne, private jets to receivership and $250m debt
Now Du Val investors and creditors want their money.
Downed tools leave Auckland's Seascape an empty shell
The Detail: A feud between builder and developer has brought work on Seascape to a halt.
Casino doors shut next week: What happens to 700 SkyCity Auckland staff?
Will staff be paid? Will they have to come to work still? Work shifts? What will they do?
JLL retirement village study: population up, companies adjust growth
Most older people do not live in such villages, even with 53,000 people there now.
Home-building trend remains soft, new house consents fall 22%
High interest rates and increased costs drive softness in the new home consent data.
Exploding liability: Fletcher paying $168m for Perth pipe disaster
Iplex will pay 80%, Western Australian Government to pay 20% to help homeowner victims.
ELE collapse: Deloitte repaying staff $4.1m owed, BNZ gets full amount
Receivers have collected about 85% of the total amount owed by debtors.