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.
But private developers of new 191-room Pullman have taken their lead from KPG partner Tainui, the commercial wing of Waikato iwi Tainui, in doing a deal with Accor.
US tech billionaire Peter Thiel may have failed in his bid to build his version of a doomsday prepper outpost in Wānaka, but Americans are still spoiled for choice in our small Pacific outcrop.
The adage ‘the bigger they are, the harder they fall’ is becoming a common refrain in current housing market.
Diverting almost 100% of construction materials is possible, design company says, as waste fees start to ramp up.
Kiwi Property Group, for one, is betting big on expanding its build-to-rent asset base on the back of booming population growth.
The ‘vertical’ development will feature 220 units, with penthouses expected to fetch $6 million.
Listed inner city property group beefs up residential plan by buying former McDonald's site in downtown Auckland for student accommodation.
Disenchantment with the real estate sector, while analysts generally give a poor report card.
NZ Super and KiwiSaver funds urged to increase property allocations, to promote sector liquidity.