Farhad Moinfar’s Citadel Capital is hoping to develop the Christchurch heritage building, with $4.9m being raised via a wholesale credit offer.
Commercial property developer and landlord says an institutional investor is already doing due diligence on its flagship PwC office tower.
Housing agency paid a ‘retail’ price for the 95ha site, of which about a third is considered developable.
Dedicated industrial and logistics investor has 11 Auckland projects in play and a pipeline of investments at about $325m.
The industrial property play has settled half its purchase of a 5.8ha block at Spedding Road industrial estate, after Oyster Property snapped up its Christchurch and New Plymouth properties.
Commercial returns from Arrowtown's Ayrburn precinct helped trim the net loss after tax to under $1 million.
Housing Minister pours cold water on the two-million home target, saying it was ‘theoretical’ anyway.
Queenstown hotel deals are leading the stakes, as the sector returns to life and the resort town's average summer rate hits $429 a night.
Commercial developers Mansons TCLM is understood to be doing due diligence on the half-hectare site, earmarked for Winton Land’s marque retirement development.
A perfect storm of bigger deals but fewer overall sales saw the January median price come in at an all-time record for the resort town, up a third on the prior month alone.