Fletcher Building Announce Loss of $322 million

Fletcher Building Announce Loss of $322 million In the latter half of 2017, Fletcher Building lost $322 million of its operating earnings. The corporation flagged its growing losses and the board has suspended the payment of an interim dividend. The losses from the Building & Interior division of Fletcher Building is expected to be $660 […]

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$12million Hospital Expansion

With the number of ED patients hitting record high, many non-essential surgeries are not being performed. As the Emergency Department receives a record influx of patients, Hawke’s Bay Hospital had to delay non-life-threatening surgeries. The demand for hospital services proved exceptionally high in 2017, especially for acute surgeries – which had been running around-the-clock since […]

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KiwiBuild Will Carry Risk

Government officials informed Housing Minister Phil Twyford that KiwiBuild plan will carry risk. The new Minister was briefed by officials from several ministries regarding Labour’s housing policies as he came into office. At present, Labour’s biggest plan is KiwiBuild: to deliver 100,000 new affordable homes in the next ten years, with 50% in Auckland and […]

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Visa Demand for Build NZ Tradies

Visa demand for Build NZ Tradies Outnumber Professionals for First Time For the first time, the number of approved work visas of trade workers has exceeded professionals. There were nearly 13,000 trade workers who received a work visas for the construction industry, whilst only around 11,000 professionals received it. The construction sector was the most […]

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University Builds Medical School

The construction of Auckland University’s $116 million Medical School – opposite Auckland City Hospital in Grafton – is now in full swing. The work will be headed by Hawkins Construction, whose aim is to move the School of Medicine and its School of Population Health from the University’s Tamaki Campus and the Auckland District Health […]

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Earthquake-prone Buildings Identified

Auckland Council is anticipating challenges from building owners whose properties are identified as earthquake-prone. From November onwards, proprietors of approximately 1800 earthquake-prone buildings in Auckland are going to receive letters of notification which will inform them of their building’s status. Owners of such buildings will either be added to a national register and undergo the […]

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Auckland Housing Lacks Affordability

Statistics show that 98 free market affordable homes have been built under the Auckland Housing Accord. However, Councillor Chris Darby who serves as the chair of Auckland Council planning committee criticises the Accord as a “dismal failure” in addressing affordability. The Housing Accord launched in October 2013 for a period of three years and was […]

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Auckland housing

Ted Manson develops 500 social rentals

Ted Manson, leading property developer, began his benevolent project of building 500 social rental homes in Auckland. Manson is the managing director of Mansons TCLM. At a housing summit in Auckland, he announced his charitable endeavor. “My parents lived in a very small one-bedroom apartment before the state house, to which I moved when I […]

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auckland construction

20,000 Foreign Builders to Meet Industry Shortage

Due to a shortage of local candidates, New Zealand construction companies are currently reaching out to foreign builders to meet market demand. Both private and public organisations are backing the new campaign, which encourages builders to immigrate to New Zealand to help support the growing industry. The campaign is named LookSee Build and it adopts […]

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Worksafe Urges to Install Safety Nets

Builders are being warned to put on safety nets to prevent serious work-related injuries, such as fall off roofs or walls. In past two years, two serious head injuries were recorded due to inappropriate installation. WorkSafe has issued an industry-wide alert about the dangers of poorly installed and badly made nets in residential building sites. […]

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NAWIC

Women Take the Lead in Construction

The third annual Hays NAWIC Excellence Awards was held at the Aotea Centre in Auckland to celebrate role models for women in construction. The awards recognise the remarkable achievements and effort made by women in the construction industry. Thanks to the projected 10 per cent annual growth rates till 2019 and the demand for 50,000 […]

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