The $500 million development, the first outside of Auckland, will be the largest of its apartment projects.
Bad news for a building sector already on its knees.
Entry of KiwiSaver funds into commercial property could boost deal flow in the sector, if last year’s biggest deals are anything to go by.
Commentators suggest prices could ratchet up later this year, despite buyers being spoiled for choice.
Equity raise 'significantly oversubscribed' on South Island Woolworths distribution centre.
Takapuna golf course operator says there are engineering solutions which don’t involve ripping out thousands of tonnes of topsoil and forest.
The company is owned by the Canadian Public Sector Pension Investment Board and the Canadian Pension Plan Investment Board.
Banks have taken the 'stick' approach in bumping slow payers to higher, floating mortgage rates.
A ‘for sale’ sign has gone onto a second Auckland IHG property as hotel transactions spring back to life.
The racing fraternity is also banking on about a half-dozen marquee events to put NZ racing on the international map.