A consortium picked up the 171-unit Auckland portfolio out of statutory management for less than its $35 million valuation.
‘There was a big rush to downsize quickly and now everyone’s coming back, so it could be an interesting few years,’ IWG country manager says.
Willis Bond’s investment offshoot says it’s about a third of the way to getting to the ‘critical mass’ required for a public offer.
George Court apartment owners are facing major bills to repair the heritage building; they’re far from the only ones in this dilemma.
Kiwi Property Group's $220 million punt into the build-to-rent market is now at 88% occupancy, with growth faster than expected and the spinoff benefit being bigger spending at next door's Sylvia Park.
The NZX-listed company saw its market value climb 3.6% to $2.1 billion during the year to March.
CP Group consortium has pushed its way back into the top tier of NZ’s most expensive hotel properties.
Chris Meehan says he's fielded 'several' approaches from studios and people from the industry.
Winton gets second government fast-track nod for its studio plan in Arrowtown.
The $80 billion NZ Super Fund and co-investors Russell Group and Lockwood assembled the country's third largest hotel portfolio over the past five years.