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Crackdown in construction industry to overcome ‘boom-bust’

The government plans to crack down on its procurement in the construction industry in a bid to get rid of a culture of price undercutting. The crackdown, announced in Auckland this morning, is part of its roadmap to address skills and labour shortages in the construction industry. Minister for Building and Construction Jenny Salesa announced […]

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Fletcher, Ross Taylor

Fletcher Building in red, posts $190m loss, no dividend for shareholders

Fletcher Building has made a $190 million loss, only the second time since listing on the NZX in 2001 that it slipped into the red, shareholders will get no dividends for the full year and no trading update has been provided. The company with a market capitalisation of $5.8 billion this morning released its annual […]

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New Zealand bans foreigners from buying property

Buying a home in New Zealand just got a lot tougher for most people. The country’s parliament on Wednesday passed a law banning foreigners from buying into most parts of its residential property market as the government seeks to cool red-hot house prices. The Overseas Investment Amendment Bill will prevent overseas investors from purchasing existing […]

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Ebert Construction

Thin margins hurting New Zealand construction firms

  New Zealand construction firms are taking on too much risk, and operating on too fine a profit margin to survive, industry experts say.   New Zealand construction firms are taking on too much risk, and operating on too fine a profit margin to survive, industry experts say. Ebert Construction has gone into receivership, with debt in […]

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Auckland, NZ, NewZealand, Onehunga, Wharf

Onehunga Wharf key for neighbourhood revitalisation

    Onehunga Wharf has been acquired by Auckland Council in a move that will be critical to the revitalisation of Onehunga over the next 30 years.   The vision for the wharf is that it will be transformed into a new community, with homes, cafés, retail and public spaces, while retaining its seafaring history […]

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New Opening Dates for Auckland Castle and Auckland Tower

        With construction well underway, new dates have now been announced for the launch of The Auckland Project’s purpose-built welcome centre, Auckland Tower, and the re-opening of 900 year-old Auckland Castle, Bishop Auckland. Auckland Castle Auckland Castle, once a private palace for the Prince Bishops of Durham, will re-open to the public […]

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Multi-million New Zealand Airport Terminal Build

The current terminal was built in the 1960s to cater for 50,000 passengers a year but now has 440,000 travellers passing through annually. SHORT COMMUTE: The construction firm is based just six kilometres from the airport A contract has been awarded to a construction firm to build a terminal atNew Plymouth Airport. The appointee, Clelands […]

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A challenge for KiwiRail, Bridge Replacement

Replacing a rail bridge’s piers without stopping the trains has set a unique challenge for KiwiRail engineers and contractors in the South Island. Bridge 72 on the Main South Line crosses the Opihi River around 2 km south of Temuka. The 512 m bridge was built in 1932 to replace the original, constructed in the […]

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Seascape Development Held Up

What was set to be New Zealand’s highest residential skyscaper has experienced long delays due to its fire design. The designers of Seascape Apartments have previously submitted a request of approval to only install one stairwell, rather than two, for its top-floor penthouses. The ruling should have been issued within three months, but it has […]

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Using Prints in Commercial Interiors

Decor trends are always evolving. As such, the constant innovation in commercial interiors for public and private consumption are calling for more malleable, unique and interactive designs. Among a plethora of new trends, it is noted that 71 per cent of consumers are willing to pay more for personalisation. Moreover, the combination of new production […]

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