Apr 17 - Fletcher Building plans to raise $750 million in an underwritten offer to shareholders at a deep discount and sell its Formica and steel roof tile businesses, strengthening its balance sheet and gaining support from its banking syndicate after a breach of . . .

Apr 16 - New Zealand's government needs to get some tangible wins with its national transport strategy in building a more efficient, resilient and sustainable freight network to avoid returning to an uncoordinated policy, says Mainfreight chief executive Don Braid

Apr 16 -   A2 Milk Co has signed an exclusive distribution deal with Yuhan Corp in South Korea, more than a decade after an earlier foray into that country which ended in litigation. The milk marketing firm's shares rose 1.3 percent

Apr 16 -  An article published today in the Reserve Bank Bulletin compares labour supply developments across the OECD and examines how New Zealand is placed.

Apr 16 - Comvita, the NZX-listed manuka honey company, foreshadowed that it may be the subject of a takeover, with an unidentified third party currently undertaking due diligence to assess the business

Apr 16 - Ellerston Capital's interest in Fletcher Building has topped 5.1 percent, requiring the Australian fund manager to make a statement to the ASX and NZX but its interest in the beat-up construction and building materials company has been no secret

Apr 16 -  The Christchurch City Council needs to genuinely investigate new ways to raise revenue and manage assets and infrastructure to deliver a vibrant, prosperous and sustainable 21st century city, says Canterbury Employers’ Chamber of Commerce CEO Leeann Watson.

Apr 16 -  For the first time in a number of years, the outlook for the NZ economy is not as positive as it has been previously.

In October last year, our deputy Prime Minister Winston Peters boldly predicted that the economy was about to fall into an abyss due to the policies of the prior National government.

He was very wrong off course, as high export commodity prices have kept the economy ticking along at a robust clip over the intervening period.

However, today due to widespread uncertainty in the business community about the impact on the economy from all the policy changes the Coalition Government (which Mr Peters is an integral part of) is now implementing, there are now several reasons why to outlook is not so positive:-

Continue to full article | April 16, 2018   |||

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WASHINGTON - President Donald Trump ordered a military attack against Syrian President Bashar Assad on Friday, joining allies Britain and France in launching missile strikes in retaliation for what Western nations said was the deliberate gassing of Syrian civilians.

A landmark warehouse and showroom property in the sought-after Christchurch industrial suburb of Hornby is being offered to investors through a proportionate ownership scheme.

Silverfin Capital Ltd has appointed Colliers International to market the syndication of 704 Halswell Junction Rd, Hornby.

Colliers’ syndications director Charlie Oscroft says it is an opportunity to secure a foothold in New Zealand’s buoyant industrial property sector without significant capital outlay.

Oscroft adds that the 22,004sq m industrial property is the flagship facility of long-term tenant Metropolitan Glass and Glazing Ltd (Metro Glass), a leading manufacturer and installer of double glazed windows and doors.

The 9663sq m premises were design built for the company in 2004, and Metro Glass recently extended its lease until 2026. Metro Glass is Australasia’s leading manufacturer and installer of double glazed windows for both new and retrofit residential properties, as well as commercial construction, he says.

“Metro Glass has an extensive network of four processing and 16 distribution or retail sites across New Zealand. The company also operates two processing and distribution sites in Melbourne and Sydney, via its subsidiary Australian Glass Group.”

Metro Glass’ parent company, Metro Performance Glass Limited, is listed on the New Zealand Stock Exchange and Australian Stock Exchange.

Oscroft says Silverfin is offering wholesale and eligible investors a chance to acquire a beneficial interest in the property’s buildings and land.

The offer closes at 5pm on Friday, May 11, unless extended, withdrawn, or closed earlier.

The 704 Halswell Junction Road Scheme comprises 201 investment parcels of $50,000 each.

Investors are projected to receive a pre-tax cash return of 7.75 per cent per annum, forecast to March 31, 2020.

Continue here to full release  |  April 14, 2018   |||

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