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.
Community group wants ownership of the former golf course, although main lender 1543 Capital will take some convincing.
Agreement to sell North Wharf office block to Precinct Pacific comes after locking the Australian bank into a lease agreement until 2040.
Subdued sales numbers, easier finance, and lower interest rates have sparked a mass jump onto the property ladder, Cotality says.
Residents raise concerns while Infrastructure Minister Chris Bishop overrides a negative recommendation by the Ministry for the Environment.
The residential market faltered last year, while the listed sector retraced prior year losses, with more expected into 2026, analysts say.
Australian entertainment and hotels company EVT has picked up the first of the New Zealand Hotel Holdings eight-hotel portfolio.
Between them, these ‘Infamous Five’ have managed to destroy almost half a billion dollars from investors and lenders this year.
Sale is part of Infratil’s ‘legacy portfolio’ divestment strategy, with funds to be reallocated into its data centre developments.
Nook’s directors blame unpaid client bills for cashflow issues, while 160 creditors have been recorded.
