Offshore spend on commercial property
Overseas buyers spent $1.01 billion in six months on commercial properties in New Zealand. Continue →
Browsing: Finance
Earthquake claims’ six-year limitation
The original Limitation Act 1950 covers the September earthquake claims and has a six-year limitation period from the event, so technically it runs out in September this year. Continue →
Comment from John Urlich
According to John Urlich, commercial manager at Barfoot & Thompson, investor demand remains strong and this quarter has ended positively, with the company’s team concluding a record number of transactions and many larger sales. Continue →
“Milking us dry”
When Australia’s largest dairy farm was sold to Chinese buyers recently, its biggest tabloid paper headlined that the government was “Milking Us Dry!” Continue →
More jobs on offer, but harder to land one
Amongst the sectors, roles in property and engineering suffered dips in average pay rates down 5.4 and 5 percent respectively, while trades and services jumped 6.2 percent. Continue →
$34 million dollar asset freeze
Indian restaurant chain Masala has been linked to what is allegedly the biggest cache of property ever restrained by police. Continue →
Augusta acquires “improvement” properties
A portfolio of five Auckland commercial and industrial buildings, independently valued at $111.835 million, has been acquired for an investor fund focused on adding value to the properties and then selling them on – all within a five-year time frame. Continue →