Sydney house price downturn could dampen Auckland prices
By Jenny Ruth Dec. 12 (BusinessDesk) - The sharp fall in house prices in Sydney this year, down almost 10 percent from their peak in 2017, could have a dampening effect on Auckland's property market, although the shortage of local houses, lower mortgage rates and still elevate...
NorthWest hires lobbyist to solicit Vital Healthcare votes
By Jenny Ruth Dec. 11 (BusinessDesk) - NorthWest Healthcare Properties Management has hired a proxy solicitation firm to lobby investors in the listed Vital Healthcare Property Trust to give their proxies to the chair, Claire Higgins. NorthWest, which is ultimately owned by...
CORRECT: Ryman Healthcare: service provider or property play?
(Fixes number of Ryman villages in third paragraph) By Jenny Ruth Dec. 11 (BusinessDesk) - Ever since Ryman Healthcare listed on NZX in 1999, analysts have been divided on whether the company is a property play or the provider of an essential service delivered through prope...
CORRECT: Peter Yealands and his former company fined for "unprecedented offending"
(Corrects the word "receive" to deceive in paragraph 12) By Jenny Ruth Dec. 11 (BusinessDesk) - Yealands Estate Wines has pleaded guilty to “unprecedented offending” under the Wine Act 2003 and has copped a $400,000 fine. The Ministry for Primary Industries prosecuted Ye...
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