Briefs

The government has launched a new work programme to improve public infrastructure asset management.

The number of property and real estate business insolvencies totalled 60 for the first three months of 2025, up 2% on the same period a year ago,

SkyCity Entertainment Group says it now expects its full year group earnings to fall to around 4% below the bottom of the current guidance range of $225m to $245m.

Hotel giant Accor has won the management contract to manage Bayview International Hotels & Resorts’ Wairakei Resort Taupo.

EVT has been awarded the management contract for Wellington Airport’s new multi-level hospitality venue. 

The value of building consents issued for non-residential buildings for the year to March 2025 totalled $7.40bn.

The value of residential building consents issued for the March 2025 year totalled $17.65bn, down 3.1% from the prior 12 months.

Takapuna Beach Holiday Park in Auckland is set to get 20 new pre-fabricated accommodation and facility buildings.

In her first pre-Budget 2025 speech, Finance Minister Nicola Willis says the government will cut by about $1bn the amount of new money available.

The number of real estate and property jobs fell 2% between February and March this year, according to Seek’s latest New Zealand employment report.

The price of domestic accommodation has fallen 2.9% between February and March 2025 this year, according to Stats NZ’s latest selected price indexes.

Retailers’ confidence of surviving the next twelve months has risen to 73%, according to the quarterly Retail Radar survey, although sales expectations are mixed.

Kiwi Property’s build-to-rent scheme Resido has been awarded a 9-star Homestar Built rating from the New Zealand Green Building Council.

Precinct Properties Deloitte Centre, Te Kaha, has been awarded 6 Star Green Star World Leadership certification from the New Zealand Green Building Council.

Foodstuffs North Island and charity Nourished for Nil have officially opened a second social supermarket in Hawke’s Bay.

The value of home loans in the second half of 2024 increased by 24.7% to $23bn, compared to the first six months of the year.

The government has confirmed strategic partnerships with five Community Housing Providers (CHPs) and says it is on track to deliver 1,500 social homes funded through Budget 2024.

The Labour Inspectorate has completed a compliance operation in the Bay of Islands with dozens of businesses identified for visits by inspectors.

The Reserve Bank of New Zealand has cut the Official Cash Rate by 25 basis points to 3.5%.

The Reserve Bank of New Zealand will decided today whether to change the Official Cash Rate.

The government is winding down New Zealand Green Investment Finance, which has made significant investments in solar energy since its establishment in 2019.

The coalition government plans to take a number of measures during Q2 to encourage housing and infrastructure development.

QV says residential property values have largely been kept at a standstill throughout the first quarter of 2025.

A further lift in business confidence has been recorded in the first quarter of 2025, according to the latest NZIER Quarterly Survey of Business Opinion.

Forsyth Barr Investment Management Limited has reported a 1.006% increase in its substantial holding of Precinct Properties NZ & Precinct Properties Investments Limited.

Kāinga Ora is seeking proposals from real estate service providers to manage the sale of around 939 properties and potentially 50 land parcels.

Building and Construction Minister Chris Penk says the government is making it easier to build by unclogging the consenting system, reducing construction costs, and giving builders the support they need.

The government says it will introduce legislation towards the middle of the year to make it easier to build small standalone dwellings without a building consent.

IHG Hotels & Resorts’ boutique brand, Hotel Indigo, has officially opened in Auckland.

Wellington’s hotel market managed to lift itself above last year’s results after a bit of a summer slog, according to figures from STR.