This week was yet again active in both stories about residential and commercial sales activities as well as the sales of Metlifecare and Augusta capital.

Metlifecare comes to agreement with ECT to buy its shares for $6 a share
Retirement village operator Metlifecare has come to a takeover agreement with Swedish firm EQT Infrastructure to buy all of its shares for $6 a share

Australian bidder Centuria declares offer for property manager Augusta Capital unconditional
Australian investment funds manager Centuria Capital has declared its takeover offer unconditional for Kiwi property funds manager Augusta Capital after securing almost 66 per cent of the Augusta shares.

The days of speculative office building are over in Auckland following Covid-19, report says
The game had changed with Covid-19. Over the previous five years developers had worked on a ‘build it, and they will come’ approach.
The days of speculative office building in Auckland appear to be over, according to real estate specialists Colliers International.

Wealthy Pandey family to spend $100m on major facelifts for several local hotels
The wealthy hotel-owning Pandey family plans to spend $100 million on major makeovers and upgrades of local hotels in its CPG Hotels group.

Countdown supermarket properties in Porirua and Orewa put on the block
Giant supermarket operator Woolworths New Zealand has put its Papakowhai and Orewa supermarket properties on the market as it reports surging sales at the checkout.

NZ Retirement Villages Market Review 2020
JLL releases their annual retirement village review that includes
The growing demand, Penetration rate, Continuum of care, Development pipeline and The Big 6 operators

Since March the number of people leaving this country has exceeded those arriving by a substantial margin
With arrivals slowing at a faster rate than departures, the net gain of 43,799 arrivals in February turned into a net loss of 63,078 in March.

Two-thirds of real estate agents think house prices will fall, a quarter think they’ll fall by more than 10%
The survey of users of CoreLogic’s Property Guru data service taken in mid-June, mostly real estate agents, found 63% expected prices to fall, with 42% expecting a fall now, and 21% expecting a fall later after a short term rise in prices.

NZ Ranks Among Top Of The World In Real Estate Transparency
The 2020 Index is launched at a time of massive economic and societal disruption. As governments, businesses and communities grapple with the impacts of COVID-19, the pandemic has brought the issues of transparency and trust into even sharper focus

Is home staging an investment or just a good sales pitch?
There’s little to no scientific research that proves fitting out your home with designer furniture will put tens of thousands of dollars above RV into your pocket, but the anecdotal evidence is plentiful and persuasive

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