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Property

Fallout for JLL NZ after Australian CEO stripped of job

Property firm’s New Zealand arm moves into damage control after Australian CEO Dan Kernaghan falls on his sword in the wake of ‘stripper-gate’ and allegations of harassment emerge.

Brent Melville Thu, 28 Aug 2025

Retail

Empty shops and stubborn landlords: A retail standoff

Property

FortHill industrial fund to tap market for another $50m

Property

JLL confirms closure of two NZ offices, 40 job losses signalled

Comings & Goings

JLL NZ appoints new strategy, design, and delivery lead

Property

Commercial property to climb out of $4b hole

Property

FortHill industrial fund to tap market for another $50m

The Calder Stewart-backed fund is said to be on the acquisition trail, while investing in one of the country’s largest solar retrofits across its 20 properties.

Brent Melville Tue, 29 Jul 2025

Property

Petition claims Auckland Council consent fees are illegal

Building and Construction Minister has 60 working days to decide whether to act on the claim.

Brent Melville Thu, 24 Jul 2025

Property

High tech apple facility to form core of new $1b syndication

Fund manager aiming for 6.5% annual return from its new Veritas property fund, focused on ‘export aligned’ assets, including from Mr Apple.

Brent Melville Tue, 15 Jul 2025

Property

PwC won’t budge as buyers abandon Du Val deposits

Destruction of value has seen multiple buyers unable to finance their purchases, while the statutory managers hold firm on original pricing.

Brent Melville Fri, 11 Jul 2025

Property

Formcrete failure has ‘no impact’ on Queenstown developments

A spokesperson for property developer Dean Franklin said liquidation of the building firm did not affect his ongoing projects in the region.

Nicholas Pointon Fri, 04 Jul 2025

Property

Queenstown construction firm owes creditors $7.5m

Formcrete Construction was placed into liquidation by director Dean Franklin last month, ahead of an attempt by Inland Revenue to have the company wound up.