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‘Air’ ok for Airbnb but not Williams Corp, Iponz says
Brent Melville
Wed, 11 Feb 2026
Tue 10 Feb 2026 11:51:34pm
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Tue 10 Feb 2026 11:51:34pm
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Fletcher sells Onehunga site to Goodman for $53.5m
Fletcher Building has announced the sale of its former frame and truss site in Onehunga to Goodman Property Trust for $53.5 million. The deal on the 5.1ha property at 37-41 Felix St, expected to be completed in May, will book a gain of $11m in the year to June results. In a statement to the NZX, managing director Andrew Reding said: “We are pleased to have made another step in optimising the existing footprint within the group, building on the $30m in avoided capital expenditure on the Felix St site. The sale supports progress toward our net debt target range and a more resilient balance sheet”. Functions previously at the Felix St site have been shifted to Fletcher’s former CleverCore plant at Cavendish Drive, Wiri. Goodman chief executive James Spence said the site, suitable for a range of warehousing options, was “a unique development opportunity of scale for our business”.
ASX chief Helen Lofthouse quits
The chief executive of the Australian Securities Exchange, Helen Lofthouse, has resigned and will depart in May.
Lofthouse became chief executive of the ASX in 2022 and joined the company in 2025.
Her tenure has been bogged down in problems related to the replacement of the ageing CHESS settlement system, which has drawn strong criticism from Australia markets regulator Asic and the Reserve Bank of Australia.
Asic is suing the ASX over announcements it made to the market on the project.
The ASX scrapped plans for a blockchain-based solution and took around A$250m ($292m) in writedowns on the project, and has now engaged Tata Consultancy Services to build a new solution which is not expected to be operational until 2032.
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Tue 10 Feb 2026 11:46:19pm
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