Ayrburn owner Winton Land suffers profit drop
Luxury developer says downturn has been more severe and prolonged than expected.
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Latest from Construction
Landlord with quarter-kilometre downtown tower plans pushes up profit
New leases in 1HY25 were 22.8% above previous contract rents, company said.
SkyCity group profit down 73%
Casino, entertainment and hotel giant explains how market treated it.
‘Black hole’: Crown quitting 109 new homes underwritten by KiwiBuild
First home buyers did not snap up these 109 homes: now we the taxpayers have bought them.
‘Market turned down more quickly ... deeply’: Fletcher CEO on climbing losses
New CEO steps in as losses climb further: what next for the giant Australasian business?
Fletcher Building's half-year loss climbs to $134m
Intense competitive forces, slowing of demand influence result.
‘All offers considered’: Vacant $74m Takapuna plot up for grabs after liquidation
Company in receivership and liquidation owes a Smale family entity $76.2m: report
‘Eight-week average’: Tenancy Tribunal on how long it’s taking to hear a case
From March 20, the tribunal will be able to decide cases on paper without hearings.
Four months, still no buyers: PwC trying to sell Du Val properties
Bare land ready for unit development and a multi-level apartment block are still for sale.
Property Insider: Fixing Ryman’s sinking Edmund Hillary hub; Britomart revitalisation turning 20
Site was rubbish dump, says boss of Mainmark, drilling through floor slabs up to 4m down.
Foodstuffs and Watercare clash over new $100m Highland Park supermarket
Watercare says it has offered an interim solution so the opening can happen on time.
'Later than we hoped' - SkyCity reveals another big Convention Centre delay, hands out blame
Opening date is now 12 months away, says SkyCity. Fletcher says there's been no change.
Simplicity Living to build 264 homes in Morningside build-to-rent development
The project is scheduled to begin development later this year.
‘Legacy’: New solar-powered buildings at marae near Kaipara Harbour
Development is a significant step for the hapū and creates a legacy: Te Kurataiaho Kapea
‘Relevelling work’ at Remuera’s giant Edmund Hillary village centre, floors became uneven
'We didn’t sign up for living in the middle of a construction zone with constant noise.'
Property Insider: Billionaires want Herne Bay trees axed, two bookings at SkyCity’s convention centre
Is the money being cited really what it will cost to fix apartments near Eden Park?
NZ’s biggest new supermarket opens this month
More than 250 staff will work at the new store; over 200 job offers have been made so far.
Sprinkler dispute at Auckland Viaduct apartments: $23k claim dismissed
Unit had been altered with a wood roof and deep roof beams, minimalist design sprinkler.
Sold to PAG: New Wynyard Quarter offices, no sale price declared
New Wynyard Quarter building is nearing completion, sold well before One NZ shifts in.
'Ripples of backfill' - who's moving Auckland CBD offices
Mansons TCLM’s completion of the new FNZ Centre had a big impact on tenancies in the city.
Elon Musk-led car company opening soon in vast new retail hub
Vehicles about to arrive at the new Westgate premises.
Dug down, walls now rising for $400m Mount Maunganui retirement village
A giant sandpile sits at the centre of the site where perimeter walls have been built.
Where Auckland rents rose the fastest in 2024
Viewing and listings may be picking up after 'subdued activity' late last year.
Apartment developer declares insolvency owing $3.76m
Unexpected cost rises, Covid delays, cooling market blamed for development failure.
Beca’s new flexi-working HQ: 900 desks for 1400 staff
Only 900 desks to be provided but more co-lab, quiet and flexible space offered to staff.
'Shocked': Kingsland Apartments owners get $36m minimum fix-up bill
Owners of 2-bedroom places get three choices: $350,000, $643,000 or $800,000 fix-up bill.
QV figures: How much has your home lost since the market peak?
We can't say 'peak to trough' because we don't yet know if we have hit rock bottom.
Devonport $400m intensification plan fast-track application: New apartments, shops, offices
Major intensification plans show the Devonport spots in line for change.
Kennards Hire optimistic on post-recession outlook as inquiries grow
Kennards Hire is seeing inquiries grow for equipment, as its competitor reported a loss.
‘Full throttle’ - IRD steps up January liquidations for unpaid tax
Inland Revenue confirmed a busy start to the year with the number of court applications.
New home consents up in November but down 12% annually
House-building costs only rose 1.1% in 2024, well below 2022′s increases.
Ho Chi Minh to Northcote: 'Southern Hemisphere's largest modular housing project'
'We see New Zealand as a long-term strategy.
Flagship rising: Rodd & Gunn opening Lodge bar, restaurant in Pompallier on Ponsonby
Bar and dining concept at Commercial Bay and Queenstown will be extended to Ponsonby.
One crucial word was missed from NZX announcement: Summerset CEO
A word can change a meaning and that was the case with the NZX statement on Tuesday.