Vector Selling its non-Auckland Gas Transmission and Distribution Business to First State Funds for $952millionSubmitted by Apoorva Prasad on Mon, 11/09/2015 - 08:58
Vector, the electricity and gas network operator is selling its assets in non-Auckland gas transmission and distribution business to First State Funds, an Australian investor for NZ$952.2 million. The company is focusing majorly in areas which are not subjected to price regulation and the sale comes after a strategic review.
Auckland Council will Vote on Annual Block Offer on Thursday, Calling for Stricter Oil Drilling RestrictionsSubmitted by Amarinder Sekhon on Mon, 10/26/2015 - 08:33
Once more, the Auckland Council is urging the government to apply bigger restrictions on offshore oil drilling in order to protect the Maui's dolphins.
A panel of property experts including agents, managers, valuers and brokers says that the home prices are likely to continue their upward swing with the demand outpacing the supply. The experts gathered by the Property Institute, generally give a feel in terms of the market movement trends in each quarter.
Mr Hoggard, who was the president of the Auckland Trotting Club passed away yesterday. On Monday, Ms Dominique Dowding, the chief executive of Alexandra Park said that "Kerry Hoggard's sad and sudden passing is a huge loss for the New Zealand harness industry, the country's business community, and his beloved Auckland Trotting Club."
One of the biggest real estate agencies of New Zealand says that the speculation indicating the housing market is dropping could be just a pre mature assumption.
Some residents of Auckland were angry as they were fined for parking their vehicles partially on the footpath at 2am.