The portfolio juggling comes as Stride agrees to the sale of its Silverdale Centre for $114m to Investore Property, which it manages.
From granny flats to import substitution, two ministers named Chris are in the advance guard of a Government bent on hammering out reform of the housing sector.
‘Six-pack’ of reform rules intended to free up land, extend to councils planning for at least 30 years of housing demand, up from three years.
Westwood Group paid about $70 million for the retail and hospitality hub in the trendy suburb.
But procurement policy change won’t insulate the housing provider from other cost-cutting measures, including cutting up to a third of its staff roll.
Investor advocate says more central bank speed restrictions could serve as a roadblock to lending when interest rates do eventually fall.
Anti-monopoly advocate says Building Research Association should shift away from reinventing the wheel to focusing on improved productivity.
Capital raise will supplement debt finance offer from BNZ for Cromwell lifestyle villages.
The long-awaited sale of the developer’s Birkenhead property for a retirement village has fallen through, and the site is headed to mortgagee tender.
Company resorts to legal action to plug media leaks, as the beleaguered construction and property investment group faces increasing financial pressure.