Michael Hill says it could trim the number of shops it has in New Zealand, as it prioritises store productivity over the expansion of its 282-store global network.
FirstCape Group has increased its shareholding in Summerset Group Holdings to 10.714%, up from 9.676% disclosed in May 2024, following a series of on-market trades and transfers.
Sarah Theodore is currently deputy CFO at retirement village operator Summerset.
The Hornby Hub owner says vacancies are a concern and it is in negotiations with a leasing agency to complement its Colliers contract.
The chain grew to around 20 Wishbone-branded outlets around the country, and also supplied products to supermarkets.
The retirement village operator says it will build another 650-700 homes across NZ and 100-150 in Australia this year.
The NZX-listed industrial landlord says its 6.5-year fixed rate bonds were fully subscribed.
Goodman Property Trust secures overwhelming investor backing to proceed with a major structural overhaul.
The Christchurch-headquartered global retailer has launched a fully underwritten equity raising.
Precinct Properties Group has appointed Deloitte to replace EY as its external auditor.
Retirement village developer Summerset Group Holdings Limited has withdrawn a move to increase to its directors’ remuneration pool.
The 608-store global retailer, headquartered in Christchurch, says it is finalising the terms of a fundraising effort.
The investor ceases to be a substantial shareholder in the retirement village operator.
The healthcare specialist says the IRD decision will lift investor returns.
Downer EDI Ltd says it has won a long-term integrated facilities management contract with Stockland Corporation Ltd valued at around A$500m.
The listed property investor said the revaluation was driven by a shift in cap rates.
The Overseas Investment Office grants the company an exemption so it can proceed with changes to its structure.
The company owns The Hub Hornby and is listed on the USX.
The industrial and offices property company also says there are board changes coming too.
The decline came despite a relatively modest drop in revenue, according to the agent’s latest results.
Millennium & Copthorne Hotels New Zealand has declared a dividend of 3.0 cents per share for the year to December 2024
The company partners with Mercer and Goodman Group to hold its Highbrow Business Park.
The agent says the sale was the fourth largest hotel deal in the region over Q1.
The aged care company falls deeper into the red but says a turnaround programme is under way.
Wellington Airport’s performance helped its majority owner Infratil to lift revenue to $3.85bn for the year to March 2025, up from $3.14bn for FY24.
The full leasing of the company’s Munroe Lane development is its “key priority” before a potential sale of the asset.
The large format retail investor rebounds from the previous year’s $67m loss.
The Singaporean controlled developer did not get across the 90% ownership threshold that would have seen it take full control of the hotel group.
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.
CDL’s increased offer of $2.80 is well short of M&C’s advice of $4.40 – $5 per ordinary share.
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