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Construction news

‘Dared to journey’ - two Wellington architects win NZIA top honour
'Radical sustainability of exploring bi-cultural collaboration' cited in win.

Who’s still got money? CBRE lists top sales of $1.7b deals lately
In the last six months of 2024, $1.7b of property sold in 97 deals. CBRE lists the top 10.

NZ’s biggest hotel deal: Precinct selling InterContinental Auckland to Singaporeans
Precinct bought the building in 2012 then undertook a massive $310m renovation of it.

Mansons wins non-notification for $650m Auckland office build
Cliff-top site above Fanshawe St looks towards Viaduct Basin and the Wynyard Quarter.

Ayrburn owner Winton Land suffers profit drop
Luxury developer says downturn has been more severe and prolonged than expected.

Landlord with quarter-kilometre downtown tower plans pushes up profit
New leases in 1HY25 were 22.8% above previous contract rents, company said.

SkyCity group profit down 73%
Casino, entertainment and hotel giant explains how market treated it.

‘Black hole’: Crown quitting 109 new homes underwritten by KiwiBuild
First home buyers did not snap up these 109 homes: now we the taxpayers have bought them.

‘Market turned down more quickly ... deeply’: Fletcher CEO on climbing losses
New CEO steps in as losses climb further: what next for the giant Australasian business?