Empire gets largest Vital shareholder to back 50.01% takeover offer
Vital is due to deliver its full-year result next Tuesday.
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Latest from Construction
Death, rocks, doubters, tunnellers and Dublin: CRL's Sean Sweeney
'Would have preferred to stay in New Zealand. I love New Zealand. I’m a passionate Kiwi.'
Pink filled hotels - now Eden Park wants to double concert events
'Having a performer of this calibre play at Eden Park was a huge win for Auckland.'
After 23 years in Las Vegas, Jason Walbridge returns as new SkyCity chief executive
Proud Kiwi and gaming specialist who served five years in the New Zealand Army.
Takeover offer for NZX listed Vital by Herbert's Empire Capital Trust
Offer is 34% above the last trading price, Empire's statement said.
Franklins Bathrooms Liquidation: Westpac among creditors owed $31.2m
Creditors now face a potential shortfall in the tens of millions.
Graeme Hart’s Carter Holt Harvey Equities liquidated in group overhaul
The liquidation is being carried out as part of the rationalisation of the group.'
Will the Du Val founders' reality TV show ever hit our screens?
Du Val show might air overseas initially, producer says.
Property Insider: Fletcher Construction ‘restructures’ teams, Williams Corporation boss on investor returns
'Investors with us for years, they get paid quarterly. We’ve never missed a payment.'
'Surprise, intrigue' at three-home building which appears as one
Could this be a new prototype for terraced housing on medium-density Auckland sites?
Retirement giant wins fast-track consent for 13-level block at $500m village
Building to rise in Parnell after a joint venture between developer and charitable entity.
Sold for A$170m: Fletcher's Australian plumbing business Tradelink
A$10m of the deal has been deferred and might not be paid till 2026, company says.
$300m Auckland skyscraper: Construction work 'paused' indefinitely
Auckland Council is 'aware that work is currently paused on the Seascape development'.
Foodstuffs North Island fined $3.25m for anti-competitive land covenants
Foodstuffs fined for efforts to hinder rivals from opening or expanding.
Owners of Du Val-managed Lakewood Plaza units pay millions after water mains burst
'Millions of dollars in repairs, ridiculously expensive': owner paying $30,000.
Du Val investor worried after interim receivership
'It’s been nearly two years since I’ve been paid anything.' - Du Val investor
Fletcher's Iplex: leaky pipe class action launched in Australia
Around 30,000 homes in Perth are thought to be involved.
'Rent will continue' - Du Val to worried apartment landlord
Around 500 people live in the high-rise.
'It would take out 20% of sales': what many Catalina Bay apartment buyers want
One-bedroom units are $1.1m, the penthouse is $5m: New project, nearly done, move-in soon.
'What I learned': Why Ben Wilson converted offices to apartments
Several CBD office buildings in Auckland have been converted into apartments, hotels.
Scope of Du Val businesses revealed: 64 entities now in PwC hands
The apartment and townhouse development group has been put into interim receivership.
Du Val Group in receivership: Why the FMA and police swooped, and what next?
One increasingly worried subcontractor complained of being owed around $500,000.
Auckland property developer placed into interim receivership, police at property
Around 120 investors put money into Du Val entities.
$458m sale of Auckland’s Vero tower ditched: Year’s biggest property deal off
Skyscraper deal gets flushed after Hong Kong suitors don't progress.
Five-day SkyCity casino closure dates out
Five days in a row and weekdays were always anticipated. No weekend shutdown.
Ryman reviewing new residents' fixed weekly fees: 'Quite a financial drag'
'The fixed fee has hurt us. No one expected rates to go up 15% per annum."
'The idea was to design an artificial sky' - architect Gordon Moller on new SkyCity hotel
New hotel opens today, offering 303 rooms and with an initial 65 staff.
Heart disease killed Queenstown hotel developer Kevin Carlin
Police confirmed there were no suspicious circumstances. No official inquiry is necessary.
Business confidence rises with a ‘can’t get any worse vibe to it’
"The evidence is mounting that the inflation dragon is on its last legs."
New home consents fall to levels last seen five years ago
Consents for building new homes were down 24% annually.
Crushing 4% rental yield gap largest in 15 years – but many investors undeterred
'Rents are nowhere near enough to cover the mortgage for a typical debt-backed purchase.'
ANZ reverses house price forecast, expects 1% fall
Three aspects of house prices and interest rates have been revised in new research.
Property Insider: Auckland a Yimby city; art in new hotel; Mt Roskill's Soho Hotel opens
'Auckland... has become a test case for housing deregulation,' the Economist says.
Fletcher Construction suing waterproofers over $320m loss for NZICC fire
The two waterproofing businesses have denied any liability for the October, 2019 blaze.