Author Curreen
Royal Wolf acquires leading container and storage company
Shipping container specialist Royal Wolf has expanded its nationwide network and container fleet with the acquisition of storage and container company Spacewise
The purchase will see Royal Wolf expand from 12 to 16 locations around the country, including two new satellite offices in Timaru and New Plymouth, and add a substantial number of units to its existing container fleet. Continue →
New skills training workshop series for construction managers
The New Zealand Institute of Building and building supply merchant Carters have launched a series of skills training workshops for construction managers, those managing commercial building sites and larger residential projects
The Building Legends workshops have been specifically designed to provide training to accelerate the development of the next generation of New Zealand’s construction managers. Continue →
Making the most of making good
Uncertainty and complexity around a tenant’s make good obligations can lead to costly disputes at the end of a lease – but property experts say better processes can help tenants and landlords avoid common pitfalls
Make good clauses are written into most commercial property lease agreements. Continue →
Brett Murray – Chief Executive for Site Safe
Site Safe New Zealand has announced the appointment of a new Chief Executive
Brett Murray has been appointed as the not-for-profit’s new Chief Executive and will take over from outgoing Chief Executive, Alison Molloy, on September 3. Continue →
Multi-million dollar hotel to rise in earthquake-stricken town
Kaikoura will soon have a new $30 million, 4.5 star hotel
Sudima Hotels has received approval to build a property designed for domestic and international leisure travellers. Continue →
Titanium Park’s Western Precinct expanding steadily
Demand for sites at the Western Precinct of Titanium Park continues to grow, with nine sites sold or under contract – leaving only 40% of the precinct available
Waitomo Energy and importer and distributor of agricultural machinery, Webbline, are the latest companies to identify the business park as an important strategic location from which to expand business activity across the region. Continue →
Pre-engineered housing and construction report
With New Zealand open to pre-engineered housing and construction from off shore, developers and those thinking of entering the market from a New Zealand base may be interested the latest market report by leading global technology research and advisory company Technavio
The global pre-engineered building market is expected to register a CAGR of around 8% during the period 2018-2022. Continue →
Egypt begins building new capital
Construction has begun on Egypt’s shiny new capital city to ease the congestion of overpopulated capital Cairo, The Urban Developer reports
Located 40 kilometres from Cairo, the US$45 billion ($60bn), yet-to-be-named city is set to replace the tired Cairo capital, with the government promising “a new lifestyle, new community and a new worldwide centre of attraction”. Continue →
Overseas investors keen on Kiwi property
The $23.3 million sale of a seven-storey commercial building on Auckland’s K’Road shows offshore investor appetite for CBD properties with solid fundamentals remains strong
The sale of 75 Karangahape Road is the third substantial Auckland CBD transaction involving overseas buyers within the last month. Continue →
Co-investors sought for world’s largest timber office building
The world’s tallest engineered timber office building has begun to take shape on Brisbane’s skyline, with construction of the 45-metre, 25 King project now nearly 70 per cent complete
Property giant Lendlease is developing the building for the building’s owner, Melbourne-based ethical investment firm Impact Investment Group. Continue →
Workshop to combat ACA corrosion under insulation
A New Plymouth workshop later this month will help combat the severe economic impact of corrosion and its degradation of infrastructure and assets
Corrosion is estimated to cost 3 to 5% of a country’s GDP, which for the New Zealand economy is more than $10B annually. Continue →
Residential property price increases expected across the board
Confidence in New Zealand’s residential property market is now higher than before last year’s election, with house price increases expected in every market surveyed
Colliers International’s latest quarterly Residential Property Market Outlook Survey found overall sentiment in the residential property market has continued to track upwards this year, gaining 8 percentage points in the last quarter. Continue →
Energy management focus for 2018 Facilities Integrate Expo
The premier annual event for the facilities & property management and systems integration is turning its attention to the burning issues of climate change and energy management
With a Zero Carbon imminent and international (Paris) targets looming, the design, construction and operation of the built environment has multiple contributing factors to climate change – and better management holds the key to minimising compliance costs. Continue →
Median house prices hit new heights
A year-on-year price increase of $27,000 has seen New Zealand achieve a new record median house price of $562,000 – a 5.0% increase – according to the latest data from the Real Estate Institute of New Zealand (REINZ)
Median prices for New Zealand excluding Auckland increased by 5.8% annually to $455,000, up from $430,000. Continue →
Auckland housing supply constraints compounded by land and construction costs
Auckland’s future housing supply is at risk of falling short of projections as the cost of land compounds existing supply constraints, a new report has found
Colliers International’s Residential Market Snapshot paints a picture of an Auckland housing development market in a “hiatus period”. Continue →
AI in construction forecast to explode in next five years
Artificial intelligence in construction is forecast to skyrocket in the next five years, according to a new report published by MarketsandMarkets
Researchers estimate that artificial intelligence in construction will balloon from US$407.2 million ($537 million) in 2018 to US$1.83 billion ($2.41 billion) by 2023. Continue →
‘Green’ concrete set to revolutionise the construction industry
Scientists may have found a way to develop concrete that is cheaper, stronger and more environmentally friendly
UK scientists from the University of Exeter have pioneered a new technique that incorporates graphene into traditional concrete production, according to a report in The Urban Developer. Continue →
‘Intelligent’ bricks that could reduce air-con use
The University of Hong Kong’s robotics department has been printing bricks designed with game-changing cooling properties
The university’s technology consists of an industrial-scale 3D printer, a software program to design the bricks, and a robotic arm to control the manufacturing process. Continue →
A new development to increase Queenstown’s housing options
Colliers International is to begin selling apartments in Toru, a development of 230 freehold apartments in Remarkables Park, Frankton
This highly anticipated project is a unique offering in the Queenstown property market. Continue →