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.
The new mountain precinct, described as the ‘Alpine Britomart’, claims to have increased its valuation to $3 billion.
Auckland Council survey shows development contributions and consenting delays as number one issue amongst brownfields developers.
The home improvement marketplace site expects to crack its millionth job this year, although profitability remains an issue.
A decision from December marks Ingka Group’s largest single purchase in New Zealand to date.
