
Hotel firm plans $50m NZ investment
Choice Hotels, which operates in 40 New Zealand locations, is looking for seven to eight new properties worth $40 million to $50 million this year.
Choice Hotels, which operates in 40 New Zealand locations, is looking for seven to eight new properties worth $40 million to $50 million this year.
A former chief executive of Bluechip and director Viaduct Capital Nick Wevers has died and criminal charges filed against him have now been withdrawn.
Reserve Bank governor Graeme Wheeler has signalled an aggressive, front-loaded start to the interest rate cycle now under way.
The $1.6 billion landlord Precinct Properties expects to start redeveloping its Downtown Shopping Centre site in Auckland's CBD above the new Central Rail Link in two years.
A new book is out to help landlords, with a series of forms ranging from notices to increase rent to a dog clause document.
This five-bedroom bungalow has seen five generations through it, but you wouldn't know it.
On paper, it looks like Andy Davies owns half of Auckland. In real life, the $75 million-plus man wears holey jerseys and lives in a Freemans Bay 'do-up'.
The value of New Zealand investment buildings sold last year was back to pre-global financial crash levels.
A financier has sold 65 Quay Park apartments and eight shops and offices on Maori land to a developer in a multimillion-dollar deal.
The ground floor of the first block of Auckland apartments to rise since the global financial crisis is due to be poured on Saturday.
Rules slash number of low-deposit mortgages but house buyers still encouraged to ask.
The number of first home buyers in the market since the introduction of new Reserve Bank mortgage restrictions last month has plummeted, real estate agents are reporting.
A Kiwibank mortgage manager has been reined in after wrongly telling a customer it was pulling low deposit pre-approvals.
Much-publicised, long awaited changes to Auckland's canyon-like Federal St car rat run.
Finance companies could make a comeback in the wake of the Reserve Bank's clampdown on low deposit lending by banks.
The Government has set a deadline of 20 years for assessing 193,000 buildings for earthquake risk and strengthening them.
The board and investors in NZX-listed Goodman Property Trust struck an upbeat note at yesterday's annual meeting in Auckland.
My partner and I have been living in Australia since the start of the year because we can save more here than we could ever in New Zealand for a house.
Luxury retailer Saks has agreed to sell itself to Hudson's Bay Co, the Canadian parent of upscale retailer Lord & Taylor, for about US$2.4 billion.
Plans by the Labour Party to exclude foreign buyers from the housing market have sparked more calls for restrictions and warnings about the risk of damaging the country's relationships with its major trading partners.
It's risky policy for a liberal, left-of-centre party because it leaves them open to accusations of xenophobia, writes Liam Dann.
Jamie Peters salvaged property from his "crumbling" businesses, secured hundreds of thousands of dollars for his family and managed his bankruptcy on his own terms, the High Court has been told.
Jamie Peters was put up in a $1200&-a-week Remuera house by a company that almost a year earlier had cancelled the bankrupt property developer's employment agreement.