Property Insider: Billionaire bails on South Auckland sites
The Business Herald ’s new column offers insight into what those on the inside of the property industry are talking about, what worries them, what they’re...
Source: nzherald.co.nz
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NZ's biggest property deal of 2023: $275m land sale
Two transactions challenge views that the market is quiet: both were in South Auckland.
Source: nzherald.co.nz
The $3.8 billion property opportunity in New Zealand
‘Perfect storm’ as companies look to leverage growth by releasing capital tied up in real estate
Source: stuff.co.nz
Cinema chain reaps $77.1m windfall after selling Auckland land to rich listers
Kevin Stent/Stuff Hard hit by Covid, US-based Reading Cinemas has ‘’monetised’’ a major piece of land on the Auckland industrial market. Cinema company Reading International has sold a huge parcel of light industrial land in South Auckland, making a bumper profit. The 28.5 hectare parcel of industrial land in Wiri near Auckland Airport was sold for $77.1 million to 100 Prices Rd, a company linked to prominent retailers Anne and David Norman,. Reading reaped a US$41m (NZ$58.45m) gain from the sale after costs, saying the property sold for well above its book value of US$13.5m and “...
Source: stuff.co.nz