Don't call us embattled says Trans Tasman Properties chair

Monday 16 August 2004

Trans Tasman Properties executive chairman Don Fletcher doesn't like the word "embattled". It's trotted out regularly in articles about the Auckland-based property investor and Fletcher is tired of it. He maintains the firm is far from "embattled" and is just about where it wants to be.

By The Landlord

A flurry of announcements to the stock exchange reinforces the impression. Since June Trans Tasman has sold more than $250 million worth of property and bought more than $100m worth. Sites are being developed and cornerstone tenants secured.

But the big question remains: will shareholders see their fortunes improve?

The firm is still embattled, even if it has "turned a corner". The board's fights with minority shareholders - the cause of much media interest at annual meetings - are almost legendary. And, just last week, Fletcher was in Wellington's Appeal Court for round two of the company's ongoing battle with 3% shareholder John Powell of Latimer Holdings.


Read More - Opens in a new window
Commenting is closed

Property News

Investors not rushing to sell

There is no rush of investors looking to sell their properties in the post-Covid-19 market, according to the second joint survey from REINZ and economist Tony Alexander.

House Prices

S&P forecast 10% house price fall

Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.

Commercial

$75m on offer for new developments

Auckland ’s long-term future is sound as well situated residential developments will always sell and demand for affordable housing remains strong, a leading non-bank property financier says.

Mortgages

Advisers buoyed by strong property market

The New Zealand property market has emerged strongly out of lockdown, according to mortgage advisers, who say they are busy as ever this winter.

Site by PHP Developer