Commercial

Augusta Capital takeover bid now unconditional

ASX-listed Centuria Capital has declared that its takeover of New Zealand property funds manager Augusta Capital is now unconditional, as it has secured nearly 66% of Augusta’s shares.

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$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.

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Bright spots in commercial outlook

Nearly 60% of commercial property investors think that opportunities lie ahead but they are also believe there are changes in store for the sector.

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Concerns over commercial rent dispute plan

Too little, too late. That’s what commercial landlords’ advocates have to say about the Government’s newly announced $40 million commercial rent dispute package.

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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.

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Industrial holdings leave Provincia in strong position

Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.

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Elephant in the room at level two

It’s official: New Zealand will be moving to alert level two by Thursday and thousands of workers will be returning to work, but issues remain for the commercial property sector.

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Capital investor calls for commercial rates moratorium

Councils should offer a one-year moratorium on rates to commercial landlords who are struggling with the economic impact of the Covid-19 crisis, a prominent Wellington property investor argues.

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Uncertain future for commercial development

Sixty percent of planned development projects worth several billion dollars are now uncertain due to the current economic climate, a new Property Council survey of its members suggests.

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Govt considers commercial rent relief solutions

Mounting costs for small businesses trying to deal with the economic fallout of Covid-19 have prompted the Government to consider rent relief options.

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Covid-19 could strike REITs a hard blow

The hit from the Covid-19 crisis could last longer and deeper than just the lockdown period for Australian and New Zealand real estate investment trusts (REITs).

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More relief needed for commercial property sector

New measures to help out commercial landlords and tenants struggling with Covid-19 related lease issues have been announced – but the Property Council is warning that more support is needed.

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“No access in emergency” lease clause: putting it in context

Much attention has focused on a commercial property lease clause which could mean commercial tenants don’t have to pay all their rent during lockdown, so the Auckland District Law Society is providing more information about it...

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Commercial sector facing hundreds of millions in lost revenue

Some large commercial tenants are refusing to pay rent and this could devastate the commercial property sector, the Property Council New Zealand is warning.

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Syndicates take big share of commercial purchases

Investors thinking about joining up with a property syndicate can rest assured that New Zealand syndicates have been keeping busy of late.

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