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.
Solid performance at listed subsidiary good news for Millennium & Copthorne.
The housing agency agreed to buy land for $8m more than eventual buyer.
The figures place property as the country’s largest industry.
The five-star hotel is part of a $1b divestment by the Singaporean owner.
SkyCity's convention centre was previously required to be finished by 2021.
Change expected later this year, but not tomorrow's OCR announcement.
The property company is awaiting the outcome of interest deductibility rules before making a move.
Both developers and industry bodies call for clarity and definition of the growing asset class.
The private lender sees significant potential in bank-reliant New Zealand.