Browsing: Finance

Finance
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Australia Stock Exchange-listed Centuria Capital has withdrawn plans for a NZ$180 million takeover of one of New Zealand’s largest listed real estate funds management platforms Augusta Capital In a statement to the ASX, Centuria confirmed the deal, which had been a matter of consideration for a considerable amount of time, had been called off amid the coronavirus pandemic and ongoing market volatility. Continue →
Finance
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The Reserve Bank’s decision to slash the Official Cash Rate from 1.00% to a new record low of 0.25% will help carry the momentum we’ve seen return to the property market in recent months, says Derryn Mayne, Owner of Century 21 New Zealand Regardless of how much the retail banks pass onto borrowers, the fact that interest rates are expected to stay at record-low levels in the foreseeable future will provide certainty and confidence in the sector. Continue →
Finance
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Foreign investment at the top end of New Zealand’s commercial property market has ramped up significantly in the last year, a new analysis has found iStock Colliers International’s Capital Markets team has analysed the last three years of commercial property transactions in New Zealand with a value of $50 million and over. Continue →
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