Harcourts may soon become the biggest real estate group in Queenstown if its investment plans succeed. The Queenstown based firm is planning to take over two of its franchises based in Balclutha and Dunedin in the coming month. The move will enlarge the business, making it the biggest in the region, and adding to Harcourts [...]

Windflow Technology Thursday received approval for its Windflow 500 turbine, its latest innovation after it was certified as meeting all set international standards. The Christchurch based manufacturer said it had eventually gotten the permission for the manufacture of its Windflow 500 turbine from the UK based certification body, Lloyd’s Register.
Lloyd’s Register confirmed giving approvals for [...]

After their planned merger was turned down by Australian regulators, Australian airline firm, Virgin Blue has said that it will sustain its fight for the merger. Speaking over the failed merger plans, Virgin Blue chief executive, John Borghetti, said the firm will keep fighting for approval of its transtasman alliance with Air New Zealand regardless [...]

In a move that marks a near conclusion to its acquisition deal, Ecoya reported Tuesday the completion of its placement targeted at raising funds for its recent acquisition of Trilogy Natural Products. Ecoya, the New Zealand based scented candle manufacturer, said it had successfully finished its placement of 6.3 million shares, pegged at NZ$4.75 million, [...]

In a move to partake of the beauty industry, New Zealand cocktail major, Ecoya, has ventured into the global beauty industry by acquiring Trilogy Natural Products. Ecoya said it had purchased the skin care firm, Trilogy Natural Products, for $10 million up front and will remit an additional $10 million earn out payment inclusive of [...]

The New Zealand Herald reported Friday that ING Property Trust disposed off its Manukau property and purchased property in St Lukes. According to the report, the two transactions were undertaken for the same cash consideration. Valued at $10.5 million, ING Property undertook the investment after selling its Manukau property for the same amount.
ING Property Trust [...]

The New Zealand government commenced picking partners for its billion dollar broadband investment, kicking out some firms from the bid. New Zealand Telecoms suffered a drawback on its nationwide broadband ambitions as the New Zealand government commenced picking the firms it will work with in implementation of the nationwide fibre network.
The government’s investment vehicle for [...]

Receivers for collapsed South Canterbury Finance Ltd Tuesday called for expressions of interest in the collapsed finance firm’s assets. South Canterbury Finance’s assets include a variety of loans, stakes in apple exporter Scales Corp., a helicopter lease business and Dairy Holdings. The firm’s receivers, McGrathNicol and William Black were appointed by the New Zealand government [...]

L&M Energy said it had raised $1.4 million via a share purchase plan for its renewable energy investment strategy. Back in July, the firm raised another $8.74 million at the same price per share, 11 cents, via a placement to institutional investors and “complicated” investors, said L&M Energy. As it stands currently, the firm now [...]

The New Zealand Venture Investment Fund reported it has availed $50 million for the set up of fresh funds aimed at innovative local firms in need of funding. According to the agency, the funds will be targeted at firms in need of about $2 million to $4 million in capital funding. The move comes as [...]