Finance stories
Higher occupancy and stronger valuations lifted Precinct Properties’ annual profit as limited office supply kept demand for city centre space firm.
Businesses want more roads, rail and broadband investment, but most doubt the current plan will deliver the best economic outcomes.
Business groups say the proposed commission could cut costly overruns, improve procurement and give investors greater certainty over the pipeline.
China’s curbs on overseas dealmaking are likely to slow capital deployment, yet demand for global commercial property should remain strong.
Unfunded transport and water projects threaten Auckland’s quality of life as the city faces 45,000 extra residents a year.
Transport bottlenecks and planning delays are among the pressures driving calls for more infrastructure investment across New Zealand.
Business leaders say transport bottlenecks and planning delays are constraining growth as most back higher public-private infrastructure spending.
A specialist procurement body could unlock up to NZD $12 billion in extra value from New Zealand’s $125 billion infrastructure programme.
House sales have slumped by nearly a quarter nationwide, prompting REINZ to urge a review of lending curbs for first-time buyers.
Auckland's transport pipeline could gain certainty as Labour's proposed fuel levy and targeted rates aim to cover a near NZD $500 million annual gap.
The NZD $600 million seed fund could unlock more housing by speeding roads and water projects, easing a major bottleneck for developers.
Councils in fast-growing areas could unlock thousands of new homes as the government puts up to $600 million into roads and water works.
The property group’s portfolio value topped USD $2 billion after an $89 million revaluation gain, with more uplift expected from developments.
Restricted bank lending in New Zealand is opening the door for developers to secure debt or equity funding from commercial property investors.
The funding will bring forward 10,500 homes in north-west Auckland, but Mayor Phil Goff says the city still needs billions more to cope with growth.
Housing supply and affordability in Hamilton and Te Kauwhata are set to improve as infrastructure funding unlocks 10,700 new homes.
Up to 60,000 new homes could be built years earlier after the government backed roads and waterworks in five fast-growing councils.
Claims from the November Kaikōura quake are mounting, with insurers and the Earthquake Commission still handling thousands of residential and commercial cases.
Claims linked to the quake have reached NZD $1.84 billion, with commercial losses accounting for most of the bill and settlements accelerating.
Proceeds from the final NZD $130 million sale will be ringfenced for public transport and stormwater works as Auckland grows, the council said.
