
Profit slump as Commercial Bay, PwC Tower developer releases result
Big Auckland downtown retail complex and Defence House in Wellington were devalued.
Big Auckland downtown retail complex and Defence House in Wellington were devalued.
Trust started a $200m asset sales programme, planning to use that for development.
The insurance excess leapt from $5000 to $25,000 a claim.
Total sales rose 12 per cent, despite challenges in the housing market.
And the city with New Zealand's highest median rent revealed.
Residents kicked out at night: '72 hours later, we had not heard a thing.'
Top secret approach to membership numbers, but other numbers revealed from retail giant.
Home 'will need complex and thorough geotechnical investigation,' says council
The only regulatory hurdle is now getting consent to swing two huge cranes on the site.
Staff "devastated and the damage is extensive".
'I’ll be hoping in a year’s time, we’ll be back to 5000 employees again,' says CEO.
Especially strong Auckland hospitality and gaming machine operations were noted.
Anne Gibson analyses latest house price data, mortgage rates and Fletcher downgrade.
Only 2759 NZ homes were sold last month and just 943 in Auckland.
At least four big challenges drive company to announce layoffs.
'Largely due to the expected higher natural perils costs from the Auckland flood event.'
Residential markets here and in Australia expected to soften.
NZICC to be classified as a significant item in company’s half-year result.
Of the 23 units, 10 per cent deposits have been paid on 19 places.
'The corner of our property went. We saw it go and heard it. It’s just a big thud.'
A Government survey has found few landlords are passing on costs, despite tax changes.
Even the Government money wasn’t enough to keep it going so the owner called it quits.
"It was like a wild animal. You know you don’t know what you are looking at?"
'We have already lost 83 per cent of this summer's earthwork season.'
Second and third wealthiest iwi changed rankings from 2021 to 2022.
"This boom was happening before the pandemic."
"Probably looks worse than it is. We’re certainly a lot better off than other people."
Remedial work expected to impact on housing supply and demand.
Asphalt can be seen hanging over the edge, above the sea.
Wilkinson wants to concentrate almost solely on retirement village assets.