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.
Construction, hospitality and property continue to be hardest hit, according to credit bureau numbers.
The listed property firm has done its homework and is looking at elevating its presence in the resurgent tertiary student market.
Stadium vote favours Eden Park 2.1 and throws spanner in an opposing plan for a new waterfront stadium precinct.
Housing Minister Chris Bishop says it doesn't mean ‘endless sprawl’, but is about housing choice and letting economics dictate where growth happens.
Belt tightening and ‘centralised’ operations come in the wake of reduced deal flow across the commercial sector.
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.