Gulf Harbour land sold for $1

Wednesday 14 July 2004

AMP NZ Office Trust and Macquarie Goodman have dominated the latest foreign transaction property deals.

By The Landlord

But a $1 transaction between Gulf Harbour developer Jamie Peters, of Starline Group, and Singaporean interests on land north of Auckland, appears to be the deal of the year.

The Overseas Investment Commission has cleared Peters' Auckland Property Group to sell the Eastern Marina carpark, comprising just under 1ha of the Whangaparaoa Peninsula's Gulf Harbour, to Singapore's Gulf Harbour Investments for $1.

Read More - Opens in a new window
Commenting is closed

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.


Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer