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NBR NZ Property Investor
Wed, 31 Dec 2015

Brown home on market

Auckland mayor Len Brown has his Manukau home on the market for $1.75 million. Agency Pakuranga & Howick Realty has listed the 19-year Tiffany Close property which was built for the Brown family. The sale has raised speculation about the reasons for the sale. Mr Brown is married to Shan Inglis. He has been deflecting strong criticism since his fling with Bevan Chuang was  revealed. The property has extensive gardens and seven bedrooms and four bathrooms, plus a sleepout.

Faesenkloet buys down road

The owner of the Golf Warehouse, Aucklander Eric Faesenkloet, has sold his recently built home at 47 Mooney Rd near Arrowtown for $5,180,000. He has bought another property in the same road where he plans to develop a nine-hole course to test golf equipment on. He paid $4.2 million to buy the second Mooney Rd property from Australian petfood multi-millionaire Tony Quinn, who developed Cromwell’s Highlands Motorsport Park. The 568m2 home was listed with Arrowtown’s Luxury Real Estate, according to a report by local Mountain Scene newspaper.

Business development manager for RE/MAX

RE/MAX New Zealand has appointed Garry Malcolm business development manager to focus on growth in the lower North Island. Mr Malcolm, owner of the RE/MAX Team Realty at New Plymouth, is relishing the opportunity to share his expertise with new real estate business owners and teams. RE/MAX Team Realty is the New Zealand network’s top individual office for the ninth consecutive year and Garry is not only the 2013 Broker-Owner of the Year but also Broker-Owner of the Year at the global level by the real estate group.

Fletcher Reinforcing moves to Levin

Fletcher Reinforcing, a subsidiary of Fletcher Building, will relocate its lower North Island bar processing facility from Petone to Levin in March 2015.Fletcher Reinforcing is the leading reinforcing processor in New Zealand and is currently involved in some of the largest infrastructure and commercial projects around the country. The new facility will be established on South Road (State Highway 1) at the old Loaded Hog bar and brewery site, currently undergoing renovation, and will be ready to distribute reinforcing steel structures to construction sites around the region by the end of March next year. Along with the refit, Fletcher Reinforcing will invest over $1 million in new processing machinery, with the new capacity and technology enabling orders to be processed faster.

Kmart store plan for Petone

The Australian-owned Kmart department store chain is to open up in Petone. The firm is currently seeking a resource consent from Hutt City Council to build the store in the old Feltex factory at 35 Hutt Rd. The application was filed by Penrith Holdings, which owns the property. The shop will be 5200m2 and could create up to 170 jobs. Ebert Construction will start the development by demolishing a large industrial building to make way for 200 customer parking spaces. Meanwhile, Hutt City Council has granted resource consent for a Bunnings Warehouse building supplies outlet in Petone. The application to establish the store on the 2.2ha Te Puni Mail Centre property was lodged by Shayne Hodge, director of Seaview HP. He bought the mail centre this year and plans to convert it after NZ Post shifts its mail-sorting operation to Palmerston North next year.

Merry Christmas!

The Starship Foundation has written its Christmas list and Barfoot & Thompson has checked off three items this December following a year’s worth of fundraising efforts culminating in a $160,000 donation to the national children’s hospital.

Vital pieces of breathing and resuscitation equipment have been gifted to the hospital.

A video laryngoscope and ventilator were gifted to the Paediatric Intensive Care Unit, while the Children’s Emergency Department received a resuscitation video system.

NBR NZ Property Investor
Wed, 31 Dec 2015
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Property snippets during the break
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