Precinct Properties chief executive Scott Pritchard sells $1 5m of bonus shares stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Market close: Energy stocks drag down NZ sharemarket
20 Apr, 2021 05:38 AM
4 minutes to read
By: Graham Skellern
The New Zealand sharemarket gave up some of its recent hard-earned gains, led down by the energy stocks hit by dry weather in both the North and South Islands. The S&P/NZX 50 Index fell 89.28 points or 0.7 per cent to 12,678.55, and the index did stage a late recovery after reaching an intraday low of 12,574.25. There were 51 gainers and 94 decliners over the whole market, with 52.36 million shares worth $197.88 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said the question is, do markets keep on running? The corporate earnings outlook is reasonable without being outstanding, and it depends on whether central banks will maintain their present monetary policy with inflation starting to creep in.
The heart of the city: Where to now for Auckland s Queen St? nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Wellington
Retail
Overall
vacancy over the second half of 2020 continued its upward
trend from December 2019’s low, however, the rate of
increase slowed from that evident in the first half of the
year. Total vacancy reached 7.6% in December up from the
6.7% recorded in June. The latest figure equates to an
additional 1,250 sq m of vacant space, taking the total to
11,000 sq m.
The completion of Willis Bond’s
redevelopment of the former Farmers Building at 100 Cuba
Street was the only significant addition to the CBD’s
inventory over the second half of 2020. Removal of stock for
refurbishment or earthquake strengthening however, resulted
Press Release – Property and Build
Colliers research found both Auckland and Wellington have experienced increased rates of vacancy in the commercial sector,but is this the new normal or is change on the horizon?
Wellington
Retail
Overall vacancy over the second half of 2020 continued its upward trend from December 2019’s low, however, the rate of increase slowed from that evident in the first half of the year. Total vacancy reached 7.6% in December up from the 6.7% recorded in June. The latest figure equates to an additional 1,250 sq m of vacant space, taking the total to 11,000 sq m.
The completion of Willis Bond’s redevelopment of the former Farmers Building at 100 Cuba Street was the only significant addition to the CBD’s inventory over the second half of 2020. Removal of stock for refurbishment or earthquake strengthening however, resulted in a net reduction of stock from a mid-year total of 154,505 sq m to 145,170 sq m at the end of the year.