Residential construction costs slowed to 1.1% over the past year, less than half the prior year as material supply chains play catch up.
The long-awaited sale of the developer’s Birkenhead property for a retirement village has fallen through, and the site is headed to mortgagee tender.
Company resorts to legal action to plug media leaks, as the beleaguered construction and property investment group faces increasing financial pressure.
Documents from three syndicates show bank stances toughening, tenancies weakening.
But private developers of new 191-room Pullman have taken their lead from KPG partner Tainui, the commercial wing of Waikato iwi Tainui, in doing a deal with Accor.
US tech billionaire Peter Thiel may have failed in his bid to build his version of a doomsday prepper outpost in Wānaka, but Americans are still spoiled for choice in our small Pacific outcrop.
The adage ‘the bigger they are, the harder they fall’ is becoming a common refrain in current housing market.
Diverting almost 100% of construction materials is possible, design company says, as waste fees start to ramp up.
Kiwi Property Group, for one, is betting big on expanding its build-to-rent asset base on the back of booming population growth.
The ‘vertical’ development will feature 220 units, with penthouses expected to fetch $6 million.