Foodstuffs North Island fined $3.25m for anti-competitive land covenants
Foodstuffs fined for efforts to hinder rivals from opening or expanding.
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Latest from Construction
Owners of Du Val-managed Lakewood Plaza units pay millions after water mains burst
'Millions of dollars in repairs, ridiculously expensive': owner paying $30,000.
Du Val investor worried after interim receivership
'It’s been nearly two years since I’ve been paid anything.' - Du Val investor
Fletcher's Iplex: leaky pipe class action launched in Australia
Around 30,000 homes in Perth are thought to be involved.
'Rent will continue' - Du Val to worried apartment landlord
Around 500 people live in the high-rise.
'It would take out 20% of sales': what many Catalina Bay apartment buyers want
One-bedroom units are $1.1m, the penthouse is $5m: New project, nearly done, move-in soon.
'What I learned': Why Ben Wilson converted offices to apartments
Several CBD office buildings in Auckland have been converted into apartments, hotels.
Scope of Du Val businesses revealed: 64 entities now in PwC hands
The apartment and townhouse development group has been put into interim receivership.
Du Val Group in receivership: Why the FMA and police swooped, and what next?
One increasingly worried subcontractor complained of being owed around $500,000.
Auckland property developer placed into interim receivership, police at property
Around 120 investors put money into Du Val entities.
$458m sale of Auckland’s Vero tower ditched: Year’s biggest property deal off
Skyscraper deal gets flushed after Hong Kong suitors don't progress.
Five-day SkyCity casino closure dates out
Five days in a row and weekdays were always anticipated. No weekend shutdown.
Ryman reviewing new residents' fixed weekly fees: 'Quite a financial drag'
'The fixed fee has hurt us. No one expected rates to go up 15% per annum."
'The idea was to design an artificial sky' - architect Gordon Moller on new SkyCity hotel
New hotel opens today, offering 303 rooms and with an initial 65 staff.
Heart disease killed Queenstown hotel developer Kevin Carlin
Police confirmed there were no suspicious circumstances. No official inquiry is necessary.
Business confidence rises with a ‘can’t get any worse vibe to it’
"The evidence is mounting that the inflation dragon is on its last legs."
New home consents fall to levels last seen five years ago
Consents for building new homes were down 24% annually.
Crushing 4% rental yield gap largest in 15 years – but many investors undeterred
'Rents are nowhere near enough to cover the mortgage for a typical debt-backed purchase.'
ANZ reverses house price forecast, expects 1% fall
Three aspects of house prices and interest rates have been revised in new research.
Property Insider: Auckland a Yimby city; art in new hotel; Mt Roskill's Soho Hotel opens
'Auckland... has become a test case for housing deregulation,' the Economist says.
Fletcher Construction suing waterproofers over $320m loss for NZICC fire
The two waterproofing businesses have denied any liability for the October, 2019 blaze.
Golden Bay cement boat breaks down, Fletcher earnings forecast cut $10m-$30m
Cement supplies might be needed from other domestic and offshore businesses.
Auckland economy rebounded well from pandemic – new report
New research shows Auckland's economy isn't quite as grim as it seems.
First look inside new five-star Horizon by SkyCity hotel
Locals were commissioned to make art within the new hotel to showcase this country.
What analysts say about $2b Arvida takeover: What happens next?
Grant Samuel's adviser report is due out in the next few weeks, then what?
'High level of disappointment' - no pontoon bridge for Wynyard Quarter
Assurances that the existing bridge would be fixed by December doubted.
Homeowner sues Auckland Council for $18m+ over flooding, stormwater issues
The property flooded twice in 2023 - in Auckland Anniversary weekend's storms and in May.
Property Insider: New SkyCity CEO starts; NZ’s highest outdoor office garden
Michael Ahearne has gone. Now ex-army officer Jason Walbridge has returned from Las Vegas.
Why giant American investor wants to take over Arvida Group for $2b
Sector penalised by rapid increases in interest rates in the past 12 to 18 months - Solly.
Arvida shareholders offered 65% premium on shares in takeover offer
Board unanimously recommends New York-based outfit's takeover bid.
'Pay up': Council demands $200k from Gulf Harbour Country Club owner for fire costs
Council boss also reveals no applications have been received from the owner for changes.
'Back off Arvida' - union protest against cuts at village owned by $4.2b retirement giant
'Won’t be able to care for all of them because there won’t be enough time.'
Housing construction couple jailed for $800k tax evasion
High-end clothing instead of tax: Auckland couple locked up.
Some new houses so energy efficient, they must be cooled in winter, Minister says
Over-insulated? Penk says some people are taking extreme steps.