Latest from Business around NZ

Auckland lockdown raises building supply concerns

Builders outside Auckland could run out of materials and equipment within three days.

Exclusive: US billionaire Peter Thiel proposes luxury lodge

Resource consent being sought for tourist lodge to be built on part of a 193ha farm.

Shanghai billionaire fined $20,000 over Northland property

OIO intended to progress investigations and get court orders for asset sales.

Real estate agent activity drops 52% in lockdown - what impact on prices?

CoreLogic data: House prices not growing as much as they had been.

Freight costs up almost 100% in last 6 months

"True impact of price increases has not been felt by clients and property owners."

All-time record set for NZ house building consents

Records kept from a year before WWII, now at an all-time high.

Major Auckland retail landlord to cut rents by up to 80 per cent

"Tenants are beside themselves. They really are." - Daniel Friedlander.

'$1m a day' - lockdown toll on retail, entertainment and hospo

The Warehouse, Bunnings, PlaceMakers - how big retailers are faring under alert level 4.

Supermarket centre opens 3 weeks early to meet demand

Chain sent just under 3.5 million cartons of food/groceries to stores in last week.

Agent forecasts $1.6b/week house sales to 'halve'

Agents and buyers can't visit or evaluate properties in person.

Some Metlifecare village staff, residents isolating

"A lot more risk of the pandemic this time": Metlifecare chief executive Earl Gasparich.

Pandemic doesn't faze developer of $35m Epsom apartments

"We'll get straight back into it as soon as we can" - Andrew Lamont on show suite.

Metlifecare makes $304.4m profit, new $150m village planned

Total assets of $4b are up from $3.5b, company developing four new sites

Covid record-keeping to become mandatory at all levels - but retail exempt

Covid-19 Response Minister Chris Hipkins broke the news at the 1pm press conference.

Where to now for $26b construction sector?

Builders and contractors had to secure their sites fast on Wednesday.

Retirement village bosses meet virtually for pandemic discussions

The villages are responding strongly to the threat.

1600% profit boost: Property For Industry books a record

Record profit for specialist in industrial properties

CEO earning $6.9m/year doesn't own Auckland house

Taylor exceeded target achievement for group earnings and cash.