Real Estate News
Whimp scoops up 2.2 mln DNZ shares via low-ball offer
Written by BusinessDesk   
Monday, 23 August 2010

(BusinessDesk) - Bernard Whimp, the partner in Carrington Securities who is banned from being a director, has managed to snare 2.2 million shares of DNZ Property Fund Ltd. through a low-ball to investors.

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Rents will rise as house prices fall, Westpac predicts
Written by BusinessDesk   
Friday, 02 July 2010

(BusinessDesk) - House prices will fall gently for the next two years before levelling out, but rents will rise because property investment is now returning less because of the October personal tax cuts, says Westpac in its latest housing market update.

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DNZ Property halts trading in Unlisted shares as capital raising vote looms
Written by Paul McBeth   
Thursday, 01 July 2010

(BusinessDesk) – DNZ Property Fund Ltd. has halted trading in its shares on the Unlisted exchange as it gears up for next week’s vote to sell shares that would trade on the NZX.

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Residential building eases up as commercial construction hits new lows
Written by Peter Kerr   
Tuesday, 08 June 2010

(BusinessWire) – An increasing volume of residential building in the March quarter has offset a continuing fall in commercial construction, to post an overall lift in all building work of 0.7% across its three month measurement period.

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Corporatisation harder than thought, says ANZO
Written by BusinessWire   
Tuesday, 25 May 2010

(BusinessWire) - Efforts to turn AMP New Zealand Office Trust (ANZO) from a listed trust to a listed company are proving harder than expected, and the company requires an extra two months to get a proposal ready for shareholders.

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